Tariffs and the AI Trade, Trump's China Tech Blacklist, Apple's Cook Praises DeepSeek 3/26/25
Squawk on the Street
CNBC
4.1 • 567 Ratings
🗓️ 26 March 2025
⏱️ 43 minutes
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| 0:00.0 | It's Jim Kramer here. You're listening to the opening bell of CBC Squawk on the Street. Don't miss a minute of the action. Good Wednesday morning. Welcome to Squawk on the Street. I'm Carl Kintzania with Jim Kramer, David Favorite, post-9 of the New York Stock Exchange. Stocks do continue to hunt for some signs of stabilization. S&P is riding a three-day win streak. Durables come in stronger than expected, although yet another |
| 0:22.2 | equity strategist cuts their year-end target. Our roadmap begins with reading these trade tea leaves. |
| 0:28.5 | Futures a bit muted as investors digest the latest from the president, saying that April |
| 0:32.7 | tariffs will, quote, probably be more lenient than reciprocal. Plus chips caught in the crosshairs. |
| 0:39.0 | Invidia shares, they're slipping amid spheres of tighter chip controls. |
| 0:43.0 | And the White House adds 50 companies to its China technology blacklist. |
| 0:48.7 | And Dollar Tree shares, they're up this morning, at least before we get started with trading. |
| 0:53.5 | John Duskin, I'm going to sell them. |
| 0:55.2 | Yeah, well, the discount retailer sheds family dollar for a billion. They only paid nine. |
| 1:01.2 | Well, easy come, easy go, my friend. There you go. Let's begin with the markets, though, and futures |
| 1:06.2 | here. Once again, Jim, trying to be a little constructive. What do you make in this street? |
| 1:09.9 | Well, look, I mean, we're at this moment where, like, the president's playing Robo. And you hear that it's going to be good, and there may be some exceptions. Then you hear there's no exceptions. Anything to keep us off guard while we wait. And I just find that that is something that the stock market does one. I still, as you said, maybe it can be lenient. |
| 1:29.3 | And then we hit China with some pretty tough restrictions. |
| 1:33.3 | It is every day best to not think about it. |
| 1:37.3 | Best to focus on companies. |
| 1:39.3 | Because you can't fathom what the president's going to do. |
| 1:41.3 | Best to focus on a chewy that puts out of good numbers. Best to focus on the dollar tree, which gets rid of the bad family dollar. Best to focus on a piece by Ben Reyeson at Melius about Cisco. David, the individual stocks are the way to go because it's unfathomable what the president's going to do. You mean you can't figure it out? Can you not going to be able to? |
| 2:01.3 | I don't think you want you to. |
| 2:02.2 | Can you ever figure out who's going to win any of the apprentice? |
| 2:04.7 | It was really hard. |
| 2:05.3 | But some of those individual stocks. |
| 2:06.3 | Probably thought Carol Alt was going to win, didn't you? Well, she was the prettiest. Yeah. But you might have an individual stock that gets hit, though, by whatever may happen. |
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