Stocks-Oil Rollercoaster Session Aftermath, AI Trade and Oracle Earnings Preview 3/10/26

Squawk on the Street

CNBC

Investing, News, Business

4.0 • 566 Ratings

🗓️ 10 March 2026

⏱️ 43 minutes

🔗️ Recording | iTunes | RSS

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Summary

Carl Quintanilla and Jim Cramer explored the moves in stocks and crude oil after Monday's volatile session, which saw the Dow finish higher after a 1,100-point swing — and WTI Crude fall sharply after surging close to $120/barrel. The anchors reacted to the catalyst: President Trump said the Iran war could end "very soon." The AI trade also in the spotlight as Wall Street braces for Oracle's quarterly results due out after Tuesday's close of trading. Also in focus: Anthropic sues the Pentagon, Amazon's bond sale, assessing the rough trade for alternate asset managers and software providers, The 17th anniversary of the "Haines Bottom" — and how high stocks have soared since the late Mark Haines' market call. Squawk on the Street Disclaimer

Transcript

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0:00.0	It's Jim Kramer here. You're listening to the opening bell of CBC's Squawk on the Street. Don't miss a minute of the action. Good Tuesday morning. Welcome to Squawk on the Street. I'm Carl Kintan Air with Jim Kramer here at post nine of the New York Stock Exchange. Faber has the morning off. Oil with an eight handle ahead of the open, but off of the session lows, as the defense secretary says today, will be the most intense day of strikes in
0:21.9	Iran since the war began.
0:23.9	Futures meantime off the highs as Iran launches its own fresh wave of attacks on Israel
0:29.0	and the Gulf states and says it's, quote, absolutely not seeking a truce.
0:33.9	Roadmap begins with all this war volatility.
0:36.2	The defense secretary with the press briefing
0:37.8	moments ago.
0:39.1	Oil continues to see-saw as the president sends some mixed messages.
0:43.7	And a big test for the AI trade.
0:45.3	Will Oracle's expensive AI bet finally show signs that it is beginning to pay off?
0:51.1	Let's begin with the markets and oil after that volatile session yesterday, highlighted by the president saying the Iran war could end soon.
0:57.8	He was asked about that comment at a news conference last night.
1:02.6	On Iran, you called it an excursion. You said it would be over soon. Are you thinking this week it will be over?
1:08.7	No, but soon. I think so. Okay, and with respect to- Very soon. Jim, we sat here 24 hours ago, and you said, be careful because you could wind up with some headline bombs of both kinds. Right. I mean, you can't be up 100% from the bottom. That's the magic level where we just have never been able to escape a lot of pain.
1:28.3	Below that you can.
1:29.3	And we had a nice reversal.
1:31.3	The one thing I think everybody should recognize is these futures are very suspect.
1:35.3	You had a thin market, it spikes really badly.
1:38.3	There was no one around to be able to be on the other side.
1:40.3	It was almost like that oil was a meme stop.
1:43.3	It's really, it's not a great
1:45.8	market. We should recognize it's not. And we should, we have, everyone's taking their
	...

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