Squawk on the Street: Opening Bell 09/26/2019
Squawk on the Street
CNBC
4.1 • 567 Ratings
🗓️ 26 September 2019
⏱️ 49 minutes
🧾️ Download transcript
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| 0:00.0 | Market Insight and Analysis. You're listening to the opening bell of CNBC, Squawk on the Street. |
| 0:10.8 | Good Thursday morning. Welcome to Squawk on the Street. I'm Carl Cantadillo with Jim Kramer at the New York Stock Exchange. |
| 0:15.4 | David Fabers with the NASDAQ. In a few moments, he'll have an exclusive with the CEO of Philip Morris International, his company, and Altria, as you know, ending merger discussions amid the vaping crackdown. |
| 0:25.5 | Futures are green, some positive comments on U.S.-China trade coming in just a bit as we get our first look at the whistleblower complaint ahead of that House intelligence hearing. |
| 0:34.1 | Ten-year-169, final Q2 GDP is right at 2%. Our roadmap begins with the political |
| 0:40.3 | risks for stocks. The president says markets would crash if impeachment moves forward. Plus, |
| 0:46.5 | vaping fallout, Philip Morris, as we said, joins us exclusively after calling off Altria merger |
| 0:51.0 | talks and shares of Beyond Meat soaring this morning as McDonald's |
| 0:55.1 | begins testing what they call the PLT, a plant, lettuce, and tomato burger. |
| 1:01.8 | Stocks coming off their best day in a couple of weeks. |
| 1:04.0 | The House impeachment inquiry does remain in focus, though. |
| 1:06.7 | Futures are pairing their gains as House Intelligence now releases the whistleblower complaint. |
| 1:11.9 | Right now, acting director of national intelligence, Joseph McGuire, is set to testify on the Hill |
| 1:16.7 | before House Intelligence, and we'll keep you apprised of headlines from that. |
| 1:21.0 | President, though, did retweet a comment this morning, Jim, suggesting that markets would crash if impeachment happened. Well, I think that the |
| 1:29.6 | history of when Clinton was impeached was one of the first day tech was down 4.5% NASDAQ. After that, |
| 1:38.0 | it was just the greatest buying opportunity ever. So, no, I'm not going to buy in that the markets |
| 1:41.6 | would crash. Yes, I would buy in the idea that he was convicted by the Senate, which is not going to happen because you need two thirds of Senate. And I don't even think, I mean, they could, Torquamata wouldn't be it, would stay president. I really feel like that where we are here is, once again, non-advent. You know what we're back to, Carl? we're back to one of those situations where there are people who hate Trump so much that they say, do you see what this whistleblower said that there was a lockdown? And I'm like, yeah, a lockdown. But then I say, what's locked down? I mean, no, this is this is not the smoking gun that I think a lot of people were expecting, except for the people who hate Trump so much that anything's a smoking gun. Well, as we know, as we know, this is not a trial. No. Impeachment is a political process, not a judicial one. Right. So it's up to the House, who, according to Politico, has the votes now if they want. Well, I think that I think that Speaker Pelosi is a great head counter, |
| 2:35.1 | but just a week ago, I know she didn't want this. Now, obviously, new evidence changes her mind. |
| 2:40.4 | I think it's great that people change their minds. But I do believe that once again, |
| 2:44.1 | even though the Democrats assured me that this would not happen, that if you read the stories, |
| 2:49.0 | you don't know what really happened, |
... |
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