Volatility and the AI Trade, Apple Jumps on Berkshire Stake, Apple and Succession 11/17/25

Squawk on the Street

CNBC

Business, Investing, News

4.1 • 567 Ratings

🗓️ 17 November 2025

⏱️ 43 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Carl Quintanilla, David Faber and Sara Eisen covered market volatility and the AI trade ahead of this week's Nvidia earnings report. Alphabet shares jumped after Berkshire Hathaway disclosed a $5 billion stake in the company. The anchors reacted to a Financial Times report which states Apple is ramping up its succession plan for CEO Tim Cook. Also in focus: Morgan Stanley's S&P 500 price target of 7800, Dell downgraded, retail earnings preview and the consumer, what Anthropic's CEO told CBS' "60 Minutes" about AI and jobs, Netflix's 10-for-1 stock split goes into effect, Fed Vice Chair Philip Jefferson's comments on risks, Fmr. Federal Reserve Governor Kevin Warsh slams the central bank in a WSJ op-ed. Squawk on the Street Disclaimer

Transcript

Click on a timestamp to play from that location

0:00.0	Market insight and analysis. You're listening to the opening bell of CNBC, Squawk on the Street.
0:05.7	Good Monday morning. Welcome to Squawk in the Street. I'm Carl Kintania with David Faber, Sarah Eisen at Post 9 of the New York Stock Exchange.
0:11.6	Kramer has the morning off. Go birds. Futures lose some earlier gains. Bitcoin slips below 94K.
0:17.3	Busy week with Nvidia earnings on Wednesday, jobs number on Thursday, and earnings from
0:22.6	Home Depot, Walmart Target Gap all throughout the week. Vicks still above 21. Our roadmap begins
0:27.5	with the state of stocks and this AI trade as investors gear up for Nvidia this week and some
0:32.2	new bullish calls on the S&P. Plus keeping an eye on the alphabet, they're rallying the early
0:36.8	going here. Berkshire Hathaway reveals a new position in that technology giant.
0:41.3	And the health of the economy. President Trump cutting tariffs on goods like coffee, bananas, and beef, and an effort to slash consumer prices.
0:50.5	Let's begin with the markets, including this bullish call from Morgan Stanley's Mike Wilson today.
0:54.4	The firm lifts their 12-month S&P target to 7,800.
0:58.0	They cite some strong earnings growth, sort of feeds Sarah this notion that there's going to be some acceleration in growth, that flows are still pretty supportive, financial conditions, easy.
1:10.6	That's sort of the bull argument at the
1:11.8	moment. There's a little bit of a theme in some of the research, which is maybe a little bit of
1:15.6	short-term economic pain or slack, I'll say, in the labor market. But longer term, the setup is
1:21.1	pretty good going into next year, because that's when we start to get some of the benefits of the
1:25.7	one big beautiful bill in terms of consumer spending power.
1:29.9	A lot of economists looking through some of the higher inflation as temporary because of some of the tariff pressure.
1:37.0	At least Morgan Stanley actually is in a separate note put out an economic outlook.
1:41.2	And they say that, sure, weaker growth and more labor markets lack
1:45.2	near term, but the effects of policy shocks subside in 2026. Inflation starts moderating,
1:50.5	unemployment rate starts normalizing in second half 26, and GDP picks up. And that's sort of the
	...

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.