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Squawk on the Street

Shutdown Deal Rally, AI Trade After a Rough Week, Pfizer CEO on Metsera Deal  11/10/25

Squawk on the Street

CNBC

Business, Investing, News

4.1567 Ratings

🗓️ 10 November 2025

⏱️ 46 minutes

🧾️ Download transcript

Summary

Carl Quintanilla, Jim Cramer and David Faber discussed stocks jumping after the Senate struck a tentative bipartisan deal aimed at ending the government shutdown. The tech sector was in rally mode, rebounding after worries about AI valuations resulted in the worst week for the Nasdaq since April. Pfizer CEO Albert Bourla joined the program at Post 9 to talk about his company's deal to buy obesity drug maker Metsera for up to $10 billion — he offered some spicy commentary in the process. Also in focus: Tariffs and President Trump's $2,000 check proposal, the Disney vs. YouTube saga, what's driving health insurance stocks lower. Squawk on the Street Disclaimer

Transcript

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0:00.0

Market Moving Insight and Analysis. Join Jim Kramer, David Faber, and me, Carl Kintania, on the opening bell hour of CNBC Squawk on the Street. Good Monday morning. Welcome to Squawk on the street. I'm Carl Kintania with Jim Kramer and David Faber at Post 9 of the New York Stock Exchange. Coming off the worst week since April, stock's trying to find some heart. And last night, Senate vote that might carve a path to the end of the longest government

0:21.4

shutdown in history.

0:23.0

Ten year 411, VIX is still holding 18.

0:25.9

Our roadmap begins with that shutdown, the longest, as we said, might be nearing an end as

0:30.3

the Senate passes the first stage of this deal.

0:32.5

Plus a big reality check for the AI trade, of course, tech stocks coming off.

0:37.6

One of the worst weeks they've seen in about seven months.

0:41.5

And Pfizer's the winner.

0:42.8

Yep, that bidding war for Metzara could be a deal worth as much as $10 billion.

0:47.8

We all have him.

0:51.6

He'll be joining us right here post nine very shortly.

0:55.4

Albert Borla, the CEO of the company. Let's begin with this tentative deal aimed at ending the shutdown. The Senate

1:00.4

clearing this procedural hurdle with a 60-40 vote passed with eight Democrats joining all Republicans

1:06.4

except for one deal funds the government through Jan 30. Would fully fund snap and reverse some of those attempted layoffs of federal workers.

1:14.5

Does not guarantee the health care subsidies the Democrats have been pushing for,

1:18.9

but there is the promise of a vote.

1:21.2

We're watching Rand Paul, whether he might slow walk this.

1:24.0

And, of course, the House, Jim, is important, too.

1:25.6

Well, we said last year that the end

1:27.9

two years ago the shutdown ended because of flying and not enough air traffic controllers well

1:34.4

having been caught in the chaos where you're supposed to leave at the airport at nine and it turns

1:41.9

it turns out to be a m and you're on a red eye. This is not

...

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