Nasdaq Correction, Oil Prices Jump Again, Anthropic's Early Legal Victory 3/27/26

Squawk on the Street

CNBC

News, Investing, Business

4.0 • 566 Ratings

🗓️ 27 March 2026

⏱️ 43 minutes

🔗️ Recording | iTunes | RSS

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Summary

Jim Cramer and Sara Eisen delved into stocks under pressure after Thursday's sell-off, while crude oil prices continue to surge despite President Trump extending his deadline for Tehran to reopen the Strait of Hormuz. The anchors discussed the Nasdaq's fall into correction territory, along with four S&P sectors down more than 10% from their year highs. Anthropic also in the spotlight: A federal judge temporarily blocks the Pentagon's designation of the AI firm as a "supply-chain risk" — and the company is reportedly considering an IPO as soon as October. Also in focus: Netflix hikes prices, Meta weakness, private credit woes, the Senate passes a bill to fund most of the Department of Homeland Security, what to make of the red-hot "Chem 7" rally. Squawk on the Street Disclaimer

Transcript

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0:00.0	Market insight and analysis. You're listening to the opening bell of CNBC, Squawk on the Street.
0:05.7	Good Friday morning. Welcome to Squawk on the Street. I'm Sarah Eisen with Jim Kramer at post-9 of the New York Stock Exchange.
0:11.1	David's on assignment. Carl has the morning off. Taking a look at futures after an ugly day yesterday.
0:16.7	We're watching futures drop again. Dow futures down 215. Nasdaq, which is now technically in correction, 10% off the highs, down another 200 points in the pre-market.
0:27.3	Our roadmap begins with President Trump extending the pause on attacking Iran's energy facilities to April 6th as the war approaches the one-month mark this weekend.
0:36.7	Plus, the Senate advancing a bill to fund most of the DHS in a move to end the partial government shutdown
0:41.6	that has impacted airports across the country and Anthropic winning a preliminary injunction in its fight against the DOD
0:48.7	as the judge cites First Amendment retaliation.
0:52.7	We'll begin, though, with stocks on track to extend yesterday's losses, including the NASDAQ.
0:56.5	I mentioned already in correction territory, Jim.
0:58.7	So adding it all up for the week, NASDAQ down, you know, a little more than 1%.
1:03.6	1.3 on the NASDAQ 100.
1:05.6	Hasn't felt pleasant for the Bulls.
1:07.2	Yeah, I thought yesterday the reaction to the president's pause announcement was very soon,
1:15.1	basically saying I felt and said there really was no discussion that Iran did not ask for this delay.
1:21.9	And it gives the president more time because we found out in the journal soon after to bring in 10,000 more soldiers.
1:27.4	Perhaps, I don't know, maybe for fighting, maybe to be able to get the uranium out.
1:32.2	We don't have a story.
1:33.3	Maybe to negotiate.
1:34.4	Maybe to negotiate.
1:35.2	But I'll tell you one thing, Sarah, the market sure didn't.
1:38.0	If the president wanted the market to rally.
	...

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