Starbucks and T-Mobile CEOs, Chips Extend Rebound from Post-AI Sell-Off, Apple Downgraded Again 1/29/25

Squawk on the Street

CNBC

Business, Investing, News

4.1 • 567 Ratings

🗓️ 29 January 2025

⏱️ 43 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Carl Quintanilla, Jim Cramer and David Faber led a busy show featuring a CEO Doubleheader: Starbucks' Brian Niccol on the coffee chain's Q4 beat and turnaround plan, followed by T-Mobile US' Mike Sievert on the company's stronger-than-expected quarterly results and upbeat subscriber growth forecast. The chip sector builds on its rebound from Monday's AI-fueled sell-off, without help from Nvidia. Also in focus: Oppenheimer joins the Apple Downgrade parade, what to expect from after-the-bell "Mag 7" earnings and the first Fed rate decision of 2025. Squawk on the Street Disclaimer

Transcript

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0:00.0	It's Jim Kramer here.
0:01.3	You're listening to the opening bell of CBC Squawk on the Street.
0:04.7	Don't miss a minute of the action.
0:07.7	Good Wednesday morning.
0:08.5	Welcome to Squawk on the Street.
0:09.5	I'm Carl Kinteneo with Jim Kramer, David Faber, Post 9 of the New York Stock Exchange.
0:13.2	It is a big and important day.
0:14.6	A Fed decision met of Microsoft Tesla tonight, confirmation hearings for RFK Jr.
0:20.1	And Howard Lucknick and the confusion from
0:21.9	Tuesday's federal funding freeze now blocked 10 years 452. A roadmap begins with the AI trade, though,
0:28.9	Open AI accusing Chinese rivals using its work for their apps. Invita shares, waiver pre-market,
0:35.3	and big tech, as we said, including Microsoft, after the bell.
0:38.5	Plus, we're keeping an eye on the insurers of Apple. They're under pressure on the early going here.
0:42.6	Continued concerns about iPhone demand.
0:44.7	A company, of course, will be reporting earnings tomorrow, along with so many others.
0:49.6	Coming up this hour, the CEOs of both Starbucks and T-Mobile.
0:52.6	Starbucks notched its fourth consecutive decline in same-store sales. T-Mobile. Starbucks notched its fourth consecutive decline
0:55.1	in same store sales. TeamMobile's forecasts, well, they were above much of what the street was
1:00.7	anticipating. Let's begin with the chips trying to extend their rebound from Monday's sell-off. Jim,
1:06.7	ASML is surging, but Journal with a piece looking at whether or not DeepSeek sort of uncovers
1:11.8	Nvidia's liabilities.
1:13.6	Well, look, I think that there's a perception that more is less.
	...

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