Nvidia and a New Market Week, Commerce. Sec. in China, 3M Jumps On Settlement Reports 8/28/23
Squawk on the Street
CNBC
4.1 • 567 Ratings
🗓️ 28 August 2023
⏱️ 43 minutes
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| 0:00.0 | Market Moving Insight and Analysis joined Jim Kramer, David Faber, and me, Carl Kintanilla, |
| 0:05.0 | on the opening bell hour of CNBC Squawk on the Street. Good Monday morning, welcome to Squawk on the Street. I'm Carl Kintanaia with David Faber at post 9 of the New York Stock Exchange. Kramer has the morning off. Future steady as the Bulls finally put together a winning week on the S&P. ECOata is going to dominate this week. Jolt's tomorrow, |
| 0:21.7 | jobs number on Friday, two-year does hit 5-1. That's almost a two-month high. A roadmap begins with |
| 0:27.5 | Commerce Secretary Romando in Beijing today telling the Chinese it is, quote, profoundly important |
| 0:33.4 | for the two countries to have a stable economic relationship. Plus 3M is one of the biggest ganners on the S&P this morning. |
| 0:40.3 | The company reportedly agreeing to pay about $5.5 billion. |
| 0:43.3 | It would settle those cases over defective earplugs sold to the U.S. military. |
| 0:48.3 | And we will have the latest around M&A as the FTC suspends that challenge to block Amgen's $27 billion deal for Horizon |
| 0:58.2 | therapeutics. I'll have a lot more on that and what it means, Carl, in just a moment. Let's kick off |
| 1:03.2 | the markets, though, with a new week. Action on Friday, actually, coming out of Powell's speech, |
| 1:08.0 | not too terrible. A lot of discussion on Friday, David, about |
| 1:11.5 | optionality, balance, something for everyone. But on the Dovish side, talking about some of the |
| 1:18.1 | lagged effects of prior hikes that maybe haven't hit the economy yet. |
| 1:22.2 | Yeah, I mean, you know, reading all the commentary, I'm not sure that I understand anything |
| 1:25.7 | more than I did when I, before Jackson Hole in some way in terms of what it truly means for the movement |
| 1:30.5 | of interest rates but you can see a positive responses for this morning this morning thus |
| 1:34.1 | far |
| 1:35.0 | uh... before we get started trading about twenty nine minutes from now carl |
| 1:39.3 | uh... you know in my world a lot of talk about the lack of response that viti a |
| 1:43.6 | quarter not necessarily jackson |
| 1:45.2 | whole as much as in terms of market action what does it mean when it not just exceeds but greatly |
| 1:51.6 | exceeds the already dramatically improved expectations and guidance and yet the stock did not really |
... |
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