Nvidia Joins the Trillion-Dollar Club, Markets and the Debt Ceiling Deal 5/30/23
Squawk on the Street
CNBC
4.1 • 567 Ratings
🗓️ 30 May 2023
⏱️ 44 minutes
🧾️ Download 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 Tuesday morning. Welcome to Squawk on the Street. I'm Carl Cantoneo with Jim Kramer, David Faber, |
| 0:09.6 | post nine of the New York Stock Exchange. Back from the long weekend, all eyes now turn to the |
| 0:13.9 | debt ceiling vote count. Yields are lower. Futures up. Busy week. Plenty of jobs data. InVIDIA |
| 0:19.4 | set to hit the trillion dollar club. |
| 0:21.4 | Our roadmap begins with that DC deal-ish in the race to avoid default. That key debt ceiling compromise will face a key vote on Capitol Hill this week. |
| 0:30.5 | Plus, about to welcome another company to the trillion dollar club, the AI boom fueling NVIDIA's stock surge. |
| 0:37.4 | It would be the first U.S. |
| 0:38.8 | chipmaker across that enormous market value. And Elon Musk meets with China's foreign minister |
| 0:46.4 | touting further Tesla expansion in that country. Let's begin with a new market week following |
| 0:53.1 | the tentative debt ceiling deal forged by the president and the speaker over the weekend, Jim. |
| 0:57.8 | Your political cynicism just won't go away. |
| 1:00.5 | Well, I think that they have to have one more bit of drama. |
| 1:03.8 | It's kind of like tarp. |
| 1:05.0 | It must be one more. |
| 1:07.2 | Maybe not more than that, because i think that the speaker seems to have |
| 1:11.2 | some grasp of the they get they really got along |
| 1:14.7 | it did it did it have to tell you |
| 1:16.6 | i think there's a friendship there |
| 1:18.7 | to the speaker in the president |
| 1:20.2 | you're going there already it but it doesn't matter there's still wings of the |
| 1:23.2 | party that have to vote against the first time |
... |
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