S&P 500 Correction, A Week to Forget for Apple, 20 Years of "Mad Money" 3/14/25

Squawk on the Street

CNBC

Investing, News, Business

4.1 • 567 Ratings

🗓️ 14 March 2025

⏱️ 43 minutes

🔗️ Recording | iTunes | RSS

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Summary

Carl Quintanilla and Jim Cramer wrapped up another volatile week for stocks, with the S&P 500 entering Friday's trading session in correction territory. How should investors navigate this market environment? Tariffs in the spotlight along with a major vote in the Senate: Passage of a House funding bill would avert a government shutdown. The anchors discussed Apple shares on track for their worst week in five years. Jim and Carl celebrated the 20th anniversary of Cramer’s CNBC "Mad Money" program. Also in focus: Nvidia gears up for next week's GTC conference, Tesla on retaliatory tariffs, Elon Musk reposts a message on X about Hitler, Ulta Beauty jumps on an earnings beat. Squawk on the Street Disclaimer

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0:00.0	Market insight and analysis. You're listening to the opening bell of CNBC, Squawk on the Street.
0:05.8	Good Friday morning. Welcome to Squawk on the street. I'm Carl Kintenea with Jim Kramer at Post 9 of the New York Stock Exchange.
0:10.6	David Fabers on assignment. Bulls trying to salvage some of this 4% down week on the S&P and the fastest 10% correction since COVID.
0:19.0	Government shutdown looks to be averted. We set up for a Fed meeting next week.
0:23.5	Our robot begins with the S&P, wiping out $5 trillion in value in three weeks. As the president says,
0:29.7	he will not bend on tariffs. Apple down 12% for the week. That's the worst week in five years.
0:35.3	And Tesla warning the White House that retaliatory tariffs could
0:38.6	increase the costs of making vehicles in the U.S. and make them less competitive overseas.
0:44.2	Let's begin, though, with the market's about to end another volatile week. Jim, we were just saying
0:48.7	we can't believe we've made it this far. No, it's been a very tumultuous week. And one of the reasons it's tumultuous, I just
0:55.8	had a personal anecdote. I do my conference call yesterday with Jeff Marks. It was 12 o'clock.
1:00.9	Marker was starting a rally. And I knew that there would be a gratuitous reference by the
1:05.9	president who now is in a mode that's really quite interesting. He's creating pain and then saying,
1:11.2	listen, I'm sorry there has to be pain.
1:13.1	Gratuitous is the word that I think of.
1:14.8	I was thinking more recurial before
1:17.1	and arbitrary, judgmental.
1:19.8	No, it's not that.
1:21.6	And I find it very disturbing
1:24.5	that the president could be gratuitous in his post.
1:44.8	Let's have some pain. He killed the rally. He turned to, I mean, Apple had already been going down, but that's now a given. But he took stocks that have been going up and reversed them. So, I mean, yes, if you want to cause pain and then say there has to be pain, you do his playbook. But I'm still trying to figure out where the playbook gets.
1:49.2	Well, now you're getting to the parlor game, which is if he really is not going to bend on tariffs, whether or not the bond market, why isn't the bond market, if the issue, if the
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