Tech Turbulence, Exclusive: Boeing CEO, Atlanta Braves Go Public 7/26/23

Squawk on the Street

CNBC

News, Business, Investing

4.1 • 567 Ratings

🗓️ 26 July 2023

⏱️ 45 minutes

🔗️ Recording | iTunes | RSS

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Summary

David Faber and Jim Cramer began the hour with two mega-cap tech stocks reporting results: Microsoft and Alphabet. Both names topped earnings expectations but the stocks moved in opposite directions in early trading. The anchors also turned to Phil LeBeau who brought in Boeing CEO Dave Calhoun for a CNBC exclusive interview; the stock rallied on a strong earnings beat. After the bells, the anchors hit a slew of other earnings with AT&T, Visa and Texas Instruments all reporting results. Also in the mix: David interviewed the CEOs of Liberty Media and the Atlanta Braves, after completing its spin-off to become the first publicly traded team in the MLB. 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 Squawk on the Street.
0:04.7	Don't miss a minute of the action.
0:07.7	Good Wednesday morning and welcome to Squam on the Street. I'm David Famer with Jim Kramer.
0:11.8	We're live on post nine at the New York Stock Exchange. Call has the morning off.
0:15.5	Future's looking like we're going to have a lower opening. Of course, 2 o'clock Fed meeting.
0:20.4	Can't forget that.
0:22.2	And an awful lot of earnings to digest this morning. That's where our roadmap starts.
0:26.1	Alphabet Microsoft, yep, the two of the biggest giants out there, they have earnings.
0:32.2	Stock's moving in opposite directions. Jim and I will break that down.
0:36.1	Plus, we do have Boeing shares higher that on its
0:38.9	better than expected earnings. And Dave Calhoun, company CEO. Sharply better.
0:44.9	Sharply better. Dave Calhoun is going to join us a few minutes from now to talk about the
0:49.6	quarter and the road ahead, of course. We'll also go to look, speaking of the road ahead to the Fed,
0:54.6	expected to hike interest rates this afternoon following what was that.
1:00.2	Hawks.
1:01.0	All right, let's start with Alphabet and Microsoft.
1:03.4	Jim, I know you've obviously been working on this ever since they reported those numbers.
1:07.2	Yes.
1:07.6	I got a bunch of stuff here as well.
1:09.7	Just start us off. Where are you thinking?
1:11.6	First of all, alphabet was extraordinary because search was so good.
1:15.6	I know if people said cloud was good.
	...

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