Trade Pessimism Pause, An Executive Shake-up at T-Mobile & Fedex CEO to NYT: Let’s Debate!

Squawk on the Street

CNBC

News, Business, Investing

4.1 • 567 Ratings

🗓️ 18 November 2019

⏱️ 43 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Carl Quintanilla, David Faber & Jim Cramer discuss why China-U.S. trade deal pessimism is weighing on investor sentiment, as stocks hit pause on the record rally. Plus, David’s latest reporting on T-Mobile, CEO John Legere’s upcoming departure and what impact it could have on the Sprint deal. And FedEx versus the New York Times: CEO Fred Smith challenging the publisher to a debate, but the paper standing by its reporting that the shipping giant paid no taxes in 2018.

Transcript

Click on a timestamp to play from that location

0:00.0	Market moving insight and analysis join Jim Kramer, David Faber, and me, Carl Kintanilla, on the opening bell hour of CNBC Squawk on the Street.
0:12.0	Good Monday morning, welcome to Squawk on the Street. I'm Carl Kintanio with David Faber at the New York Stock Exchange.
0:17.0	Kramer is at one market in San Francisco as Dream Force is set to begin. Full coverage from
0:22.3	Jim all week long. Stocks were aiming for fresh records this morning, but they've been pulled
0:26.5	south from a tweet from our Eunus Yunn, saying China is now pessimistic about a trade deal and that
0:31.4	their strategy is now to quote, talk and wait. Europe is mostly read 10-year 182. Our roadmap this morning begins with the record run for
0:39.2	stocks. Dow is set to try to climb above 28K at the open. S&P in the midst of its biggest longest
0:44.5	rally in two years. Plus an executive shakeup in T-Mobile. As I've been reporting for months now,
0:50.2	John Ledger is officially set to step down as CEO. It'll be next year. The shares are moving
0:54.7	lower ahead of the yield. And FedEx versus the New York Times, CEO Fred Smith challenging the
0:59.5	paper's publisher to a debate after its expose, alleging the shipping giant paid no taxes in
1:05.6	2018. And coming up next hour, it's an interview you won't want to miss. Staff CEO, Evan Spiegel, will join us exclusively.
1:14.3	Let's start with Jim and his big week in San Francisco.
1:17.3	Jim, the guys on Squawk were just asking you how you got out there so quickly after the Eagles
1:22.3	game last night.
1:24.2	Well, Philadelphia, too, has red eyes, and my eyes are red from crying because we had a chance to be able to really seal our fate, and we sold it already in the wrong way.
1:36.0	But, you know, look, you want to come out here during Dream Force because everybody, as anybody does come out, and I think that the star of this quarter, as we heard from Mike Santoli,
1:45.2	is tech. So we got to hope that momentum continues. In the meantime, the most important tech
1:51.2	story is the tech story that David owns, because what it does say is there is a need for the
1:56.3	companies in the no growth mode to get together in order to be able to have any earnings per share
2:00.7	growth.
2:02.6	We have seen actually a bunch of macro desks this morning on over the weekend, Jim.
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from CNBC, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of CNBC and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.