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Squawk on the Street

Pres. Trump CNBC Interview, CEO Change at Apple, Warsh Confirmation Hearing Day 4/21/26

Squawk on the Street

CNBC

News, Investing, Business

4.0566 Ratings

🗓️ 21 April 2026

⏱️ 40 minutes

🧾️ Download transcript

Summary

David Faber and Jim Cramer led off the show with reaction to President Trump's wide-ranging live interview on CNBC, including his take on the Iran war, Anthropic and Kevin Warsh — just ahead of the Fed Chair nominee's confirmation hearing on Capitol Hill. Apple announced its hardware chief John Ternus will replace Tim Cook as CEO effective September 1, with Cook transitioning to executive chairman. The anchors discussed Cook's legacy and Apple's future — especially when it comes to AI. Also in focus: Amazon to invest another $25 billion in Anthropic, market reaction to earnings from the likes of UnitedHealth and GE Aerospace, Avis' red-hot rally rolls on. Squawk on the Street Disclaimer

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.

0:12.1

Good morning. Welcome to Squawk on the Street. I'm David Faber with Jim Kramer. Live

0:15.5

Postline at the New York Stock Exchange. Carl has the morning off. We get started with trading

0:19.3

20 minutes from now, a little later than usual.

0:24.6

Of course, listening to the president's comments. And Jim, let's just get right into it this morning.

0:28.4

Of course, a lot to cover here. Tim Cook, obviously stepping down as the CEO as of September of this year of Apple.

0:36.5

But before we get into the sort of the financial news

0:39.5

of the morning, going over some of the president's comments here from a long-ranging interview

0:44.4

with Joe, Becky, and Andrew. Great job. You know, not clear that there was anything new here

0:53.4

in terms of for the market to digest

0:55.1

when it comes to the war in Iran or the potential peace talks that are taking place or about

0:59.5

to take place in Pakistan. I don't know if you heard anything different than how I'm

1:03.9

characterizing it. I think the president was, there was a very interesting line, which is

1:09.9

when I hit 50,000 in the doubt, when I hit,

1:13.6

I mean, this is kind of a person who is back looking at what the market's doing

1:19.8

and how he's aligned with it versus obviously previous presence,

1:25.0

looking of what is going to happen with wars, obviously once lower interest

1:31.2

rates, looking at the war and talking about companies that are helping, looking at AI and talking

1:38.0

about what happened with Anthropic.

1:40.6

So it's a wide-ranging interview, David.

1:43.0

It talks about a lot involved in the stock market.

1:45.4

It obviously thinks the world Tim Cook.

...

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