Stocks Advance Their Record Run, Oracle Surges, Trump and a Potential TikTok Sale 6/30/25

Squawk on the Street

CNBC

Investing, News, Business

4.1 • 567 Ratings

🗓️ 30 June 2025

⏱️ 44 minutes

🔗️ Recording | iTunes | RSS

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Summary

On the final trading day of June, the 2nd quarter and first half, David Faber and Jim Cramer discussed fresh record highs for the S&P 500 and Nasdaq -- helped by trade optimism. After a threat from President Trump, Canada decided to shelve its digital services tax in an effort to advance trade talks with the U.S. Hear Cramer's take on everything from tech's bull run to how investors should approach the weakness in Apple shares. Oracle shares surged after the company disclosed "multiple large cloud services agreements" in a regulatory filing. Also in focus: President Trump says he has a group of "very wealthy people" ready to buy TikTok, Meta reportedly hiring more OpenAI researchers, New York City mayoral candidate Zohran Mamdani says he doesn’t' think "we should have billionaires", Wall Street firms initiate coverage of Circle after its red-hot post-IPO stock performance. Squawk on the Street Disclaimer

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.
0:13.7	Hi, good morning. It's Monday. Sorry about that, but welcome to Squawk on the Street. I'm David Faber.
0:19.0	Alongside Jim Cramer, we're live from Post 9 at the New Yorkork stock exchange karl still enjoying some time off let's give you a look at
0:25.1	futures it's a holiday shortened trading week remember we got friday off right friday yeah yeah
0:30.3	it's the big july fourth holiday yeah uh all right our roadmap begins guess i'll just give you
0:35.5	one guess yeah you were right the s&pP and the NASDAQ, both coming off.
0:38.8	Record closes.
0:40.1	The stocks, of course, looking for more gains at the open.
0:42.6	It is the final trading day of the second quarter.
0:46.2	Already done with half of 2025.
0:49.1	Canada is walking back the tax, which led to the suspension of trade talks with the U.S., opting to cancel its tax on U.S. technology companies,
0:58.8	in anticipation at least of getting a trade deal done.
1:02.7	And President Trump teasing that he has a group of, quote, very wealthy people ready to buy TikTok,
1:08.8	adding the deal would still need approval from the Chinese to move forward.
1:13.4	As you might imagine, it's a complex transaction. I'm going to have more on that in a bit.
1:17.9	Let's though, Jim, start with that record run. Of course, we sat here on Friday discussing same.
1:22.9	What are your thoughts after the weekend?
1:24.7	Well, I think that one of the things that we have to get away from is talking about the Fed. Fed doesn't seem to even play here. Now, we can say, of course, quarterpoint this, curb, with that. We have a jail break going on. It's one of the most amazing things I've seen. This is not led by tech, although some of the semisement. It's led by financials, industrials, some of the data centers, hear that from Saffra.
1:45.0	But it's a very diversified, with the exception of the proctors and the Pepsi, Pepsico's,
1:50.0	very diversified rally, of which I could argue that JPM is more important than Apple.
1:57.0	I could argue that what matters more is tariffs, although it's a little opaque.
2:03.4	But the obsession on what the Fed's going to do has cost you a lot of money because it kept you out of the market.
	...

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