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Squawk on the Street

Tesla’s Smashing Truck Debut, Trade Deal “Very Close” & Borat’s Social Media Warning

Squawk on the Street

CNBC

News, Business, Investing

4.1567 Ratings

🗓️ 22 November 2019

⏱️ 43 minutes

🧾️ Download transcript

Summary

Carl Quintanilla, David Faber & Jim Cramer discuss Tesla’s first electric pickup, the Cybertruck, and whether it’s enough to excite investors. Plus, stocks get a boost after President Trump calls a China trade deal “very close”. And a social media warning from Borat actor, Sacha Baron Cohen, why he calls Facebook. Google, YouTube & Twitter ‘the greatest propaganda machine in history’.

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.

0:04.6

Don't miss a minute of the action.

0:10.0

Good Friday morning. Welcome to Squawk on the Street. I'm Carl Kintanillo with David Faber, the New York Stock Exchange.

0:14.7

Kramer's at one market in San Francisco as Dreamforce gets ready to wrap up today.

0:19.7

Future is getting some bounce out of those comments

0:21.5

from the president on Fox a few moments ago that a China trade deal is quote potentially very

0:26.0

close. Plenty to watch, whether it's these flash PMIs, Lagarde's first major speech, this Tesla

0:31.5

cyber truck. Europe is up 10-year 176 as we'll get Michigan sentiment in an hour. Our roadmap begins

0:37.2

with Tesla's truck

0:38.3

rollout, unveiling its first all-electric pickup, the cyber truck, and it is nothing like you've

0:43.6

ever seen before. Plus, Wall Street is looking to snap a three-day losing streak. Stocks do seem to be

0:48.3

set for a positive open as Chinese president Xi Jinping says Beijing wants to work for a trade deal. And a roller coaster

0:55.7

week for retail. Today it's Gap, Nordstrom, William Sonoma, and Foot Locker that are in focus.

1:01.4

We'll get to the China trade headlines in a moment, but we're going to start with Tesla unveiling

1:04.9

this first ever pickup truck last night. Elon Musk says the cyber truck will have a starting price of

1:09.5

just under 40K.

1:13.1

Production set to begin in late 2021.

1:17.1

Musk touts the vehicle's futuristic design, the armored glass.

1:23.6

But as you might know by now, a demonstration to show how bulletproof the glass was did not go according to plan.

1:27.2

Franz, could you try to break this glass, please?

1:34.2

Yeah.

1:37.3

Sure?

...

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