Tariffs and the Sell-Off, Musk vs. Tesla Protests, BlackRock CEO Fink's "Private" Message 3/31/25

Squawk on the Street

CNBC

Business, News, Investing

4.1 • 567 Ratings

🗓️ 31 March 2025

⏱️ 43 minutes

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Summary

Carl Quintanilla, Jim Cramer and David Faber kicked off the final trading day of March and the first quarter with stocks – especially tech -- extending Friday's sell-off, as Wall Street anticipates Wednesday's tariff announcement by President Trump Jim outlined what investors' buying strategy should be in this market environment. Also in focus: Goldman Sachs' note on recession risks, Elon Musk responds to Tesla protests and his company's slumping stock, Musk's xAI buys social media platform X, BlackRock CEO Larry Fink's annual letter to investors -- and his push to give individuals better access to private markets, day 2 for CoreWeave after its flat public debut. 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 Monday morning. Welcome to Squawk on the Street. I'm Carl Kintenea with Jim Kramer, David Faber, Post 9 of the New York Stock Exchange. We close out the month of March and Q1 with a possible retest here with the March lows as we await this week's tariff announcements, A jobs number fed chair Powell on Friday.
0:24.2	Ten year falls. possible retest here with the March lows as we await this week's tariff announcements
0:20.9	a jobs number fed chair Powell on friday 10 year falls below 4 2 as goldman now ups their
0:27.1	recession odds our roadmap begins with the sell-off and some stagflation fears we close out the
0:32.5	quarter wall street braces for the tariff rollout ceo larry think says economic anxiety is worse than any time in recent memory, although he adds that this two shall pass.
0:42.4	Talks a lot about private markets.
0:43.8	We'll get to his annual letter.
0:45.5	And these anti-Musk protesters gathering at hundreds of Tesla locations, they did that over the weekend.
0:52.1	CEO says his stock value has been cut in half, calls for arrests of those who are organizing
0:57.1	those protests.
0:59.0	Let's begin with the market's on track today to extend that sell-off from Friday, Jim.
1:03.7	Curious to know about your ratio of price target cuts versus raises that you mentioned.
1:09.4	Jeez, I got stuck there. I had a gold company where the price target was versus raises that you mentioned. Jeez, I got stuck there.
1:11.4	I had a gold company where the price target was raised.
1:14.7	And really not much else.
1:16.6	I had 50 price targets that were cut and then I stopped counting, in part because I didn't
1:22.1	want to come in here and be a real downer.
1:24.2	I mean, I've been struggling with that all morning.
1:26.8	I was looking for something positive
1:28.0	to say. Jason Goert's our, you know, guru here was saying, Jim, I mean, what do you do with your cash? And I just want to get, because I think it's important to tell people what I do. I contribute every month, the last day. And I've been doing this forever. S&P fund, can't own stocks. And I literally, and it's automatic.
1:45.1	And today, David, I said, I want to wait.
1:48.5	Really?
	...

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