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Squawk on the Street

Squawk on the Street: Opening Bell 08/21/2019

Squawk on the Street

CNBC

News, Business, Investing

4.1567 Ratings

🗓️ 21 August 2019

⏱️ 43 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.

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.

0:04.7

Don't miss a minute of the action.

0:10.3

Good Wednesday morning. Welcome to Squawk on the Street. I'm Carl Kington.

0:13.1

Anyway, Jim Kramer, David Faber at the New York Stock Exchange. It has been a week since that big sell-off.

0:17.9

And futures getting a bounce here on the stellar results from lows and target as the market reacts to the president saying he's eye on a payroll tax cut,

0:25.6

possibly indexing capital gains to inflation and more. Watch Germany an unprecedented 30-year

0:30.4

auction at a negative 11 basis points. Is this a turning point for yields around the world?

0:35.9

30-year here, 206. We'll get fed minutes later on today. Our roadmap begins with retail earnings, target and lows both soaring in the pre-market on their results bucking the downward trend in retail. And it has been exactly one week since the Dow's 800 point drop, but we're close to recovering the losses. We're going to take a look at the wild ride over the last week,

0:54.2

and of course what you can expect next. And as the September 1st tariff's approach, we're going

0:58.9

to take a look at the companies that may be in your portfolio with the most exposure.

1:04.3

First up, though, target's set to open at an all-time high. Low is also surging in the pre-market

1:08.9

on these better-than better than expected quarterly earnings,

1:11.5

revenues, and comps. Target boosts its full year guidance as digital sales drove more than

1:16.7

half of the growth in Q2 comps. Lowe's reporting positive comps in all of their geographic regions

1:22.5

in the United States and outpacing depot for the second consecutive quarter.

1:27.2

Look, we got to focus on execution and risk-taking. Both the United States and outpacing depot for the second consecutive quarter.

1:30.8

Look, we got to focus on execution and risk taking.

1:35.9

Both Marvin Ellison at Lowe's and Brian Cornell at Target took big risks.

1:40.1

They blew up, some people say they blew up the way that they do business.

1:42.3

Niblock had run Lowe's.

1:44.0

A lot of people didn't like the way he was doing it.

1:47.7

And Steinfeld, well, let's just forget the previous people of Target.

...

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