Stocks Hit New Highs, Parker’s Last Quarter at Nike & Boeing’s Space Stumble
Squawk on the Street
CNBC
4.1 • 567 Ratings
🗓️ 20 December 2019
⏱️ 45 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. |
| 0:08.3 | Good morning and welcome to Squawk on the Street. I'm David Schaeper, along with Jim Kramer. We're live from the New York Stock Exchange. Carl has this Friday morning off. |
| 0:15.5 | Let's give you a look at futures as we get ready to wrap up. Another exciting week in our markets, and you can see we are looking |
| 0:21.7 | for a higher open this morning. But we'll see how we end. All right, let's get to our roadmap. |
| 0:28.1 | It does start with Boeing yet again. Space Trouble, its new Starliner spacecraft failing to enter |
| 0:34.5 | its planned target orbit for docking with the International Space Station. |
| 0:39.3 | Plus, of course, can't forget that record run for stocks. |
| 0:42.3 | The S&P is on track for what would be its fourth straight weekly gain, |
| 0:46.3 | and it is closing in on its best year since 2010. |
| 0:51.3 | And in corporate news, Nike, earnings beat. Sales for its Jordan brand hit a billion dollars. |
| 0:58.0 | We'll talk about a Nike, of course, the exit of Mark Parker, its longtime CEO, also growing very near. |
| 1:04.3 | Right. Well, as you saw, futures are pointing to more record highs for stocks. Nike is pulling back in the |
| 1:10.1 | pre-market, despite posting better than expected quarterly earnings and revenue. The results coming, as I just said, as Mark Parker gets ready to pass the CEO reins to John Donahoe. That's going to be next month. And we can see the stock is looking now to be down a bit. But it was a strong. well, that's ridiculous. There's like 72 price target increases. |
| 1:28.4 | It's crazy. |
| 1:29.3 | It's going to be up. |
| 1:30.1 | Be up on Monday, if not now. It's a really magnificent quarter. People are upset about the 40 bips, 40 base points, tariffs, they're idiots. By the way, the chuck is selling well. The who? The chuck. Oh, the chuck. Yeah. Oh, my God. |
| 1:41.9 | What? |
| 1:42.7 | I don't think I can take you seriously. |
| 1:44.2 | You don't like this. |
| 1:45.0 | I knew you were going to have to comment on my look today. |
| 1:47.3 | Well, what is that? Chuck. Yeah. Oh, my God. What? I don't think I can take you seriously. You don't like this. |
| 1:45.0 | I knew you were going to have to comment on my look today. |
... |
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