Rebound Rally, the Trump-Powell Effect, Earnings and "Tariff Sensitivity" 4/22/25

Squawk on the Street

CNBC

Business, Investing, News

4.1 • 567 Ratings

🗓️ 22 April 2025

⏱️ 43 minutes

🔗️ Recording | iTunes | RSS

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Summary

Carl Quintanilla, Jim Cramer and David Faber explored stocks recouping most of their losses from Monday's sell-off, which put the Dow on track for its worst April since the Great Depression. Jim weighed in on President Trump's criticism of Fed Chair Powell and its impact on the markets. The anchors also discussed earnings from the likes of Verizon, GE Aerospace and 3M -- which saw its shares jump despite the addition of "tariff sensitivity" to its guidance. Also in focus: Warren Buffett's timely Apple stock sale, what Goldman Sachs CEO David Solomon told CNBC about tariffs, Boeing sells some of its digital aviation assets to Thoma Bravo for $10.55 billion, International Monetary Fund slashes its 2025 U.S. growth forecast. 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 Squawk on the Street.
0:04.7	Don't miss a minute of the action.
0:14.0	Good Tuesday morning. Welcome to Squawk on the Street. I'm Carl Kington, here with Jim Kramer, David
0:17.7	Fabry, post-9 of the New York Stock Exchange. Stocks are trying to bounce after another 2% selloff on Monday.
0:23.6	Earnings roll in a number of giants, 3M and GE, keeping their full year sales guidance intact.
0:29.6	10-year near 440 this morning.
0:31.6	A roadmap begins with the markets after that Trump versus Powell effect on yesterday's selloff.
0:36.6	Dow is on track for the worst April since the Great Depression.
0:40.3	Also ahead, of course, tariffs in focus continued to be.
0:43.3	Yesterday, President Trump met with the CEOs of Walmart Home Depot and Target.
0:47.3	We're going to tell you what those executives had to say about the meeting.
0:51.3	Plus, Verizon and GE Aerospace joined today's earnings parade. That's along with 3M,
0:56.1	which added what it calls tariff sensitivity to its full year guidance.
1:02.5	Let's get right to the markets after yesterday's selloff this morning. The Dow dropping around
1:06.4	a thousand points, fourth negative session in a row, although again, Jim, this sort of mild attempt to rally a bit into the close
1:13.9	right that actually that was a really interesting turn because no one can come no one can figure it out
1:19.5	it was almost as if somebody knew that the president was going to go by now follow this true social
1:23.8	like I go there like every five minutes that there wasn't going to be anything today
1:34.2	there is a belief, I think, among the executives that I speak to, and obviously, we all speak to a lot of execs, that the president is so off the reservation with this attack on,
1:39.8	on Jay Powell, that they're not able to really speak about it.
1:45.3	They are emotional.
1:47.9	They feel that it's beneath the White House president.
	...

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