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Squawk on the Street

Pres. Trump to Host Tech CEOs, Salesforce Slumps Despite Beat, American Eagle Soars 9/4/25

Squawk on the Street

CNBC

Investing, Business, News

4.1567 Ratings

🗓️ 4 September 2025

⏱️ 43 minutes

🧾️ Download transcript

Summary

Carl Quintanilla and Jim Cramer led off the show with a look ahead to President Trump hosting dozens of tech CEOs Thursday at the renovated White House Rose Garden. Mark Zuckerberg and Tim Cook among those slated to attend the event, but notably absent form the list -- Elon Musk. Salesforce shares down sharply despite a Q2 earnings beat as current quarter guidance disappointed Wall Street. Also in focus: American Eagle Outfitters soars as the Sydney Sweeney ad boosts sales, Figma tumbles on its first quarterly results since going public, Gap's expansion into beauty products, HHS Sec. Robert F. Kennedy Jr. in the Capitol Hill hot seat, what housing regulator Bill Pulte told CNBC about Fed Governor Lisa Cook, CNBC's Official NFL Teams Valuation list for 2025 as the league gets ready to kick off a new season Thursday night. Squawk on the Street Disclaimer

Transcript

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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.

0:07.6

Good Thursday morning. Welcome to Squawk on the Street. I'm Carl Kinteneer with Jim Kramer at Post 9 of the New York Stock Exchange.

0:12.3

David Faber has the morning off. A lot of moving pieces today between tech earnings, ADP, RFK Jr.'s hearing on the hill today, Jobless claims highest since June. And bond yields offering

0:22.8

some relief from high levels earlier in the week, 10-year 419. Our roadmap begins with top tech

0:28.1

CEOs going to the White House tonight to meet with the president, including Tim Cook, Mark Zuckerberg,

0:33.2

Sam Altman. There is one notable absence, though, which we'll tell you about.

0:37.3

Meantime, the president asking the Supreme Court for a quick ruling on his efforts to overturn

0:41.3

a lower court ruling that found his global trade tariffs illegal and a lot of big earnings

0:46.3

movers, Salesforce slumping on some weak guidance, Figma plunging after its first report since going

0:51.5

public. Let's begin with the president and big tech. Tonight, he is set

0:55.5

to host high-profile tech and business leaders for an inaugural event in the White House's

1:00.1

renovated Rose Garden. A White House official tells CNBC invitees include Mark Zuckerberg, Tim Cook,

1:06.0

Sundar Peach Eye, Sam Altman, and Sergei, notably not on the list, is Elon Musk.

1:13.1

The meeting is expected to be held over dinner after a separate White House event on AI,

1:17.7

hosted by the First Lady.

1:19.6

Interesting, Jim.

1:20.6

And, you know, I guess to some, maybe a little surprising,

1:23.8

given how involved Musk was at the White House earlier in the year.

1:27.5

Also, when you talk about autonomous driving, when we talk about a supercomputer, when we speak

1:34.7

about anything involving the state of where we are as a nation and business, he tends to be

1:40.8

someone that people want to know what he's thinking. But these other people, these are the people that are the, it's the magnificent six down there.

...

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