Powell Effect on the Markets, What to Expect From Apple’s Earnings, Peloton CEO Steps Down 5/2/24
Squawk on the Street
CNBC
4.1 • 567 Ratings
🗓️ 2 May 2024
⏱️ 42 minutes
🧾️ Download transcript
Summary
Transcript
Click on a timestamp to play from that location
| 0:00.0 | It's Jim Kramer here. You're listening to the opening bell of CBC's Squawk on the Street. |
| 0:04.7 | Don't miss a minute of the action. |
| 0:07.7 | Good Thursday morning. Welcome to Squawk on the Street. I'm Carl Kintania with Jim Kramer and David |
| 0:11.1 | Fabry at Post-9 of the New York Stock Exchange. Pre-market ads to Wednesday's post-fed |
| 0:15.3 | rally as Chair Powell eases some concerns about a rate hike watching some key levels today. |
| 0:20.8 | Oil still below 80 and the VIX's just below 15. |
| 0:25.0 | Our roadmap begins with the Fed, leaving rates unchanged, |
| 0:27.5 | and the chair saying inflation still too high that the path forward is uncertain. |
| 0:31.9 | Plus, we've got a big day, of course, for Apple, which will report its earnings after the bell. |
| 0:36.1 | This amid signs of an iPhone sales |
| 0:37.9 | slump and, of course, potential struggles in China. And we're keeping an eye on shares or Carvana. |
| 0:44.3 | They are up as much as 40% in the pre-market. Remember when that thing was close to bankruptcy or so people |
| 0:50.7 | thought, well, this was a record-setting quarter, and we're going to talk with the CEO. |
| 0:55.4 | That'll be next here on. |
| 0:56.7 | Let's walk on the street. |
| 0:58.7 | Let's begin with the markets in the Fed, a day after the chair, delivered this message on rates. |
| 1:07.3 | It's unlikely that the next policy rate move will be a hike. I'd say it's unlikely. |
| 1:14.3 | You know, our policy focus is really what I just mentioned, which is how long to keep policy restrictive. |
| 1:21.5 | A lot of takes today, Jim, BMP Paribol, unequivocally dovesh. |
| 1:25.9 | You agree? |
| 1:27.2 | That's a hard one because I think that B of A saying FOMC meeting, wait and see, |
| 1:33.6 | FOMC bias here of Morgan Stanley, firm hold with the E, in firm hold, FOMC stalling for time, Wells Fargo. |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from CNBC, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of CNBC and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.

