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Squawk on the Street

Squawk on the Street: Opening Bell 09/11/2019

Squawk on the Street

CNBC

News, Business, Investing

4.1567 Ratings

🗓️ 11 September 2019

⏱️ 46 minutes

🧾️ Download transcript

Summary

Quote: Boneheads. The President attacks Federal Reserve Chairman Jay Powell and the Fed. Plus, Elizabeth Warren takes on Wall Street. Why she says she’s approving Carl Quintanilla, Jim Cramer and David Faber’s message.

Transcript

Click on a timestamp to play from that location

0:00.0

Market Moving Insight and Analysis joined Jim Kramer, David Faber and me, Carl Kintanilla,

0:05.0

on the opening bell hour of CNBC Squawk on the Street.

0:08.0

18 years today since the September 11th attacks Wall Street this morning marks this solemn anniversary

0:18.0

with a moment of silence at the New York Stock Exchange. Good Wednesday morning, welcome to Squawk on the Street. I'm Carl Kintenea with Jim Craber, David Faber at the New York Stock Exchange. Steady pre-market, Dow's up five days in a row, while the NASDAX down three. Europe is green. Got yields backing up, though, as core wholesale inflation runs hot up to three year on year. Robap's going to begin with Apple,

0:38.8

upping the ante in the streaming wars. It's big reveal of Apple TV Plus, overshadowing the iPhone

0:44.1

11, but do either move the needle for investors? Plus, quote, boneheads, President Trump

0:50.0

taking on the Fed yet again, calling the central bank naive and telling it to cut interest race to zero.

0:55.6

Stocks, though, flat ahead of the yield.

0:57.6

And is Wall Street truly afraid of Elizabeth Warren?

1:00.4

More from Jim on what he is hearing from leaders in the financial industry about the 2020 presidential race.

1:07.1

Start with Apple, though.

1:08.1

Shares rising one day after that big product event.

1:10.3

Not only did the company unveil a new line of iPhones and other devices, but created lots of buzz with news about Apple TV Plus. This is what Tim Cook had to say on stage.

1:19.8

We're excited to tell you that the first shows will be available on November 1st, and we'll be, thank you, and we'll be adding more Apple

1:31.3

originals every month and Apple TV Plus will be available in over a hundred

1:37.3

countries at launch and it is just $4.99 per month for your whole family.

1:47.0

We're going to talk to Morgan Stanley's Katie Hubert in a little bit.

1:52.0

Oh, fantastic.

1:53.0

Yes, who says the event Jim was compelling to a large degree because pricing was aggressive.

1:58.0

I went through every single note. I'm so good to have her. I didn't know that because she is the one who I think really captured the zeitgeist at the moment. And the term that I would have used if I were working with her is to say, we have consumables now. Apple has a lot of consumables. No different from I'm interviewing David Taylor from Procter & Gamble with Nelson Peltz at Clevering Alpha.

2:18.7

They have a lot of consumables.

2:20.4

Now, Cook has it.

...

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