Pres. Trump at NATO Summit, Nasdaq 100's Record Run, FedEx Slides 6/25/25

Squawk on the Street

CNBC

Investing, News, Business

4.1 • 567 Ratings

🗓️ 25 June 2025

⏱️ 43 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

David Faber and Jim Cramer led off the show with President Trump attending the NATO Summit in The Hague, Netherlands. NATO allies have agreed to more than double their defense spending target to 5% of GDP by 2035. The anchors also delved into Nvidia and the AI trade as the Nasdaq 100 entered Wednesday's trading session at a record closing high. FedEx shares down sharply after current quarter guidance overshadowed a Q4 beat. Also in focus: Day 2 of Fed Chair Powell's Capitol Hill testimony, Netflix's record rally, CoreWeave and Circle parabolic surge, Andrew Cuomo concedes to Zohran Mamdani in the New York City Democratic mayoral primary. Squawk on the Street Disclaimer

Transcript

Click on a timestamp to play from that location

0:00.0	Market moving insight and analysis.
0:02.0	Join Jim Kramer, David Faber and me, Carl Cantonea on the opening bell hour of CNBC squawk on the street.
0:12.0	You're looking at a live shot of the NATO summit in the Hague.
0:14.0	That is where President Trump is set to hold a news conference.
0:17.0	This comes after a big win for the President.
0:20.0	NATO allies have agreed to more than double
0:22.0	their defense-bending target. Two percent of GDP will now be as much as five percent, that by
0:27.6	2035. We're going to bring you live coverage of the president's remarks, of course, when they
0:33.4	begin. Good morning. Welcome to Squawk on the Street. I'm David Faber, alongside Jim Kramer.
0:37.6	We're live from Post 9 at the New York Stock Exchange. Carl has the morning off. Let's give you a look
0:41.9	at futures as we get ready to begin trading for this hump day, as we like to call it, Jim and I.
0:47.4	And we are looking for another up open, of course, yesterday, a strong session as well.
0:53.7	We're going to get to the markets in just a minute as we await the president, of course, as well.
0:58.8	Jim, you know, let's just start there.
1:01.3	Very close to all-time highs.
1:04.4	The hostilities between Israel and Iran have ceased for now and perhaps for good.
1:10.9	So oil certainly down.
1:12.8	Right, who knows?
1:13.4	And could go down much more.
1:14.5	Oil down yesterday.
1:16.0	Of course, those who were short crude along the market were very happy.
1:20.1	Does it continue?
	...

Please login to see the full transcript.

Previous episode | Next episode

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.