Nike Tumbles, FedEx Beats and the Stock Falls, OpenAI Valuation Watch 12/19/25

Squawk on the Street

CNBC

News, Business, Investing

4.1 • 567 Ratings

🗓️ 19 December 2025

⏱️ 43 minutes

🔗️ Recording | iTunes | RSS

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Summary

Carl Quintanilla, Jim Cramer and David Faber explored what to make of an earnings doubleheader: Nike shares tumbled as weak sales in China overshadowed a Q2 beat and strength in North America. What is the status of the company's turnaround plan? Shares of FedEx also down despite better-than-expected quarterly results. The anchors also discussed OpenAI reportedly kicking off a new fundraising round that could value the maker of ChatGPT by as much as $830 billion. Also in focus: Oracle shares in rally mode, Carnival surges on earnings, Fed governor Waller in the mix as President Trump narrows his search for a new Fed chair, what's triggering Bank of America's sell signal. Squawk on the Street Disclaimer

Transcript

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0:00.0	It's Jim Kramer here.
0:01.3	You're listening to the opening bell of CBC Squawk on the Street.
0:04.7	Don't miss a minute of the action.
0:07.5	Good Friday morning. Welcome to Squawk on the Street. I'm Carl Kintanilla with Jim Kramer and David Faber post-9 of the New York Stock Exchange. We wrap up the last full week of trading for the year with some quad-witching, some TikTok news, Nike FedEx earnings, and global yields up around the world as the Bank of Japan
0:22.4	hikes their benchmark to a 30-year high, our own year, our own 10 years around 415.
0:28.2	Our roadmap's going to begin with Nike.
0:30.0	Shares are dropping sharply in early trade.
0:32.3	China sales plunge and tariffs hitting profits.
0:35.6	We'll talk about if the turnaround plan is still intact.
0:38.2	Keeping an eye on FedEx shares, they seem to be under a bit of pressure, despite the company
0:42.4	beating on the revenue and earning lines. We're also getting a number of price hikes for the
0:48.3	stock on the street. We'll check in on that. And then we'll be discussing the latest reports
0:53.8	about Open AI's new
0:55.4	fundraising round. Did it go up again? It's not quite. It's underway. The number now entered 30
1:01.3	billion. I'll have some reporting on that as well. Let's begin with Nike shares tumbling in the
1:06.2	pre-market despite this quarterly beat. Got some weakness in China, overshadowing strength in North America.
1:11.5	On the call last night, Elliot Hill talked about the turnaround plan and some of the
1:15.0	headwinds they're facing.
1:17.9	Our order book is improving season on season. Through the sport offense, we're on our way
1:25.1	in product. But as I've said, near-term investments to clean up and elevate the marketplace have put real pressures on margins.
1:33.3	Terrace have also obviously added a significant headwind to overcome. I want to state it very clearly.
1:40.3	Margin expansion is a top priority for me and my leadership team. While it will take
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