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Squawk on the Street

Regional Banks' "Buyable Weakness", A New NFL Dynasty & The Young Money Boom 2/12/24

Squawk on the Street

CNBC

Business, Investing, News

4.1567 Ratings

🗓️ 12 February 2024

⏱️ 42 minutes

🧾️ Download transcript

Summary

The opening hour of CNBC’s "Squawk on the Street" with Carl Quintanilla, Jim Cramer and David Faber is broadcast each weekday from the floor of the New York Stock Exchange, on site at the opening bell with the up-to-the-minute news investors need to know and interviews with the most influential CEOs and greatest market minds. Squawk on the Street Disclaimer

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 Squawk on the Street. Don't miss a minute of the action.

0:08.1

Good Monday morning. Welcome to Squawk on the Street. I'm Carl Kington 8 with Jim Kramer, David Faber, Post 9 of the New York Stock Exchange.

0:13.5

Coming off our first S&P 5K close of 14 and 15 weeks ahead of CPI, retail sales, and some key earnings all in the next few days.

0:22.4

Futures read 10-year 415.

0:24.6

Our roadmap begins with that Super Bowl comeback.

0:26.7

The Chiefs becoming the first back-to-back NFL champs in 19 years.

0:31.1

Plus, as for the markets, we have the S&P closing above 5,000 for the first time in history.

0:36.4

Investors are closely watching new inflation data, retail sales.

0:40.3

We also have 61 S&P 500 companies that will report earnings in the week ahead.

0:45.3

And the true cost of AI development, NVIDIA's CEO,

0:48.3

countering Open AI's $7 trillion fundraising goal and the cost predictions that come along with it. We begin with the dawn of a new NFL dynasty, the Kansas City Chiefs delivering that overtime

1:00.5

comeback win over the San Francisco 49ers in Super Bowl 58, third ring in five seasons.

1:06.0

The big game also raking in an estimated $650 million in ad revenue.

1:13.2

Jim, you did call it on Friday, but what a great game.

1:17.3

I got a little of these right this year, which is very exciting.

1:20.8

And I have to tell you that this is one of those games where there really were great friction in homes.

1:26.8

Great friction.

1:27.8

I mean, there were people who just love the romance, okay?

1:33.3

You went to the romance with the Swifties.

1:35.6

And then there people were revolted by it and wanted to change in pace.

1:38.4

And I have never seen it so visceral this year,

1:41.2

unless even if you're not from the cities so i felt that there is uh

...

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