Trump Transition and the Musk Effect, Nvidia Under Pressure, CVS Board Shakeup 11/18/24
Squawk on the Street
CNBC
4.1 • 567 Ratings
🗓️ 18 November 2024
⏱️ 42 minutes
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| 0:00.0 | It's Jim Kramer here. |
| 0:01.3 | You're listening to the opening bell of CBC 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. Take a look at the pre-market. Bulls trying to protect some of this post-election rally, which about half has been undone in the past week or so. Big week for retail earnings, |
| 0:22.5 | of course, and NVIDIA on Wednesday. Our roadmap is going to begin with some exciting stuff. |
| 0:29.4 | We'll talk about stocks in the markets and earnings and the Trump trade. David? Yeah, we will. |
| 0:35.0 | Elon Musk and the post-election boost for Tesla, as well. those shares were up sharply in the pre-market. And Nvidia shares are also under pressure. As you heard Joe just mentioned, according to tech publication, the information the company has asked suppliers to change the design of the server racks for its new Blackwell AI chips due to overheating issues. |
| 0:57.2 | We'll have more on that as well, guys. |
| 1:01.8 | Let's begin with Elon Musk in this post-election, a boost for Tesla. |
| 1:03.5 | Shares are up sharply in the pre-market. |
| 1:09.8 | According to Bloomberg, some members of the Trump transition team are looking to create a new federal framework that would essentially ease rules for full |
| 1:12.5 | self-driving gym. The report goes on to say that apparently going to be a top priority for DOT. |
| 1:17.7 | Right. I think that we have to recognize that there are a lot of things that are coming out of |
| 1:21.0 | Washington that sound really authoritative and sound like basically their layups. And then you |
| 1:27.0 | have this problem that these were all things that were left to the states and the cities. |
| 1:30.9 | So suddenly the federal government is trying to claw back something. |
| 1:33.6 | And David, you can't do that. |
| 1:35.6 | I mean, unless we're a federal system, but we have left certain requirements about everything from insurance and vehicle inspection to the states. So you can't just |
| 1:45.7 | say, you know what, this is a federal issue and we're going to let people drive these cars. |
| 1:49.9 | It just, it won't, the government be sued, it won't happen. It's just something to talk about. |
| 1:56.4 | Okay. I feel like we did that a lot during the first Trump administration. |
| 2:01.2 | We would talk about a lot of things because he tweets something or whatever, and then it would never actually happen. |
| 2:06.1 | Do you put that in, do you put this in that category? |
| 2:09.5 | Well, I think it's a little, you know, a little more firepower because you have musk in there going for it. |
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