U.S.-Japan Trade Deal, Capital R(AI)ses, Remembering Larry Bossidy 7/23/25

Squawk on the Street

CNBC

News, Business, Investing

4.1 • 567 Ratings

🗓️ 23 July 2025

⏱️ 43 minutes

🔗️ Recording | iTunes | RSS

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Summary

Carl Quintanilla, David Faber, and Jim Cramer began the show by breaking down the latest trade deal between U.S. and Japan. President Trump announced the ‘massive’ trade deal on Truth Social, saying that the agreement includes “reciprocal” tariffs of 15% on the country’s exports to the U.S., with auto duties reportedly being lowered to that level as well. Faber later broke down some reporting on OpenAI and xAi both seeking additional capital, as the race for AI expansion continues. The desk also took some time to remember former Honeywell CEO and longtime GE executive, Larry Bossidy, who passed away at age 90. 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. Welcome to Squawk on the Street. I'm Carl Kintanayo with Jim Kramer and David
0:11.0	Faber post night of the New York Stock Exchange. It is risk on as trade deals with Japan,
0:16.0	Indonesia, the Philippines start coming into view. Earnings continue to impress with a high beat rate and the mean phenomenon broadens today.
0:23.6	It's Krispy Cream and GoPro of 40 to 80%.
0:26.6	Our roadmap begins with the US and Japan reaching that trade framework.
0:30.6	What's the new agreement about?
0:31.6	What does it mean for both economies and the other countries trying to negotiate with the US?
0:35.6	Plus, we're going to keep an eye, of course, on AI and XAI, that is OpenAI as well.
0:41.6	Both are reportedly, not even reportedly.
0:44.3	They're seeking additional capital as the race for expansion, of course, continues.
0:48.7	And those meme names, Coles, Open Door, cooling off a bit, but others are now joining in on the craze. We talked about it yesterday.
0:55.7	We will continue that conversation this morning. Let's get right to this trade deal with Japan.
1:00.6	In a post on Truth Social, the president said Japan will invest about $550 billion into the U.S.,
1:06.4	which will receive 90% of the profits. Japan will pay reciprocals of about 15%, Jim.
1:12.4	They're going to buy 100 Boeing planes, buy some rice, increase their defense spending
1:17.0	with American contractors.
1:18.3	Well, look, I mean, the time-honter thing is the order plates from Boeing.
1:24.1	If Boeing could make them, it would be mad.
1:26.2	The Boeing's got one of the biggest
1:27.8	backlogs of history. And what I think really matters is that its template. If take, look,
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