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Squawk on the Street

Walmart Hits All-Time High & Elizabeth Warren’s Billionaire Bash & Cisco CEO Exclusive

Squawk on the Street

CNBC

News, Business, Investing

4.1567 Ratings

🗓️ 14 November 2019

⏱️ 46 minutes

🧾️ Download transcript

Summary

David Faber & Jim Cramer discuss Walmart’s quarterly results and optimistic holiday outlook as shares hit an all-time high. Plus, Elizabeth Warren on attack, the presidential candidate dropping a fierce new campaign ad targeting a handful of outspoken billionaires who’ve criticized her publicly. And Cisco CEO Chuck Robbins joins exclusively to discuss the quarter, the company’s outlook and concerns about a global tech spending slowdown.

Transcript

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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.

0:04.6

Don't miss a minute of the action.

0:12.8

Good morning and welcome to Squawk on the Street.

0:14.8

I'm David Faber, along with Billy Joel's buddy, Jim Kramer.

0:18.2

We're live from the New York Stock Exchange.

0:20.2

Carl has the morning off.

0:21.7

We're going to have an exclusive interview with Cisco CEO Chuck Robbins. That'll be just a few

0:26.2

minutes from now. And let's give you a look at futures as we get ready for the open of trading

0:30.7

here for a Thursday, a half hour from now from the New York Stock Exchange. You can see we are set up

0:34.5

for what would look to be a slightly lower open, which always leads us to our roadmap.

0:40.0

And it does start not with the stock market, but with the big company named Walmart and its shares,

0:46.0

which are set to open at a new all-time high.

0:48.4

The retailer delivers an earnings beat also forecast what is, quote, a good holiday season.

0:56.7

Plus global technology, global technology spending, slowdown concerns. Cisco shares, they are sinking ahead of the bell, as we told

1:01.4

you. Chuck Robin's going to join us. Rain or shine, we always like that. He'll be with us in a few

1:05.8

minutes for an interview. And Elizabeth Warren on attack, the presidential hopeful dropping a fierce new campaign ad today.

1:15.9

She's targeting a handful of outspoken billionaires who've criticized her publicly, many of them, right here on our air.

1:26.4

Let's get shares of Walmart.

1:27.9

They are on track as I said, to open at a new all-time high.

1:30.4

Quarterly earnings were ahead of expectations, comparable store of sales up for a 21st

1:35.4

consecutive quarter.

...

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