Squawk on the Street

What happens to the AI trade as Nvidia launches an investigation into CEO Jensen Huang after he admitted to having an affair with an alleged Chinese Spy. We hear from a former CIA officer about what comes next from Washington and the company. Plus D.A. Davidson lays out the risk for stocks. And Oscar winner Gwyneth Paltrow speaks for one of the first times about her venture firm, which counts itself as a backer of OpenAI and many other Silicon Valley firms. Squawk on the Street Disclaimer Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Carl Quintanilla, Jim Cramer and David Faber covered the big story of the morning: Nvidia shares down sharply after the company's board announced it is investigating CEO Jensen Huang's relationship with a woman accused of being a Chinese spy. In an email to Nvidia staff, Huang admitted to having an affair with the woman and apologized to his family and company employees. The anchors explored what Nvidia's future would be like without Huang at the helm, President Trump's view of Huang and what's at stake for the AI trade. Nvidia rivals including AMD led a chip sector surge, helping to spark a rally on Wall Street after stocks experienced four straight weeks of losses. A slide in oil prices also boosted market sentiment. Also in focus: Cramer highlights from the CNBC Investing Club Annual Meeting on Friday. Squawk on the Street Disclaimer Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

OpenAI CFO Sarah Friar joins us exclusively from Pebble Beach to discuss demand for AI, the impact of the midterm elections, the company's plans to go public and much more. Then, Citi's Head of AI Research joins with his take on yesterday's massive tech sell-off. Plus, Former Minneapolis Fed President Gary Stern shares his reaction to this morning's jobs number. Squawk on the Street Disclaimer Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Live at the Citi TMT leadership conference in Pebble Beach, Citigroup Chair and CEO Jane Fraser, on the AI market route, a potential slowdown in data centers and the impact of the midterms. Then PayPal CEO Enrique Lores, in his first interview since taking the job. Where the company is in the turnaround process. And after a historical move in the VIX, could the volatility index be flashing a buying opportunity? A look at the historical trends. And Goldman Sachs’ Chief Economist Jan Hatzius with his first reaction to the better-than-expected jobs report. Squawk on the Street Disclaimer Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Carl Quintanilla, David Faber and Michael Santoli led off the show with stocks looking to rebound from their worst day in six years. Post-election jitters about the AI trade wiped out $2.5 trillion in market value on Thursday. Bargain hunters stepped in to buy beaten-down semis and necloud names. National Economic Council Director Kevin Hassett joined the program to discuss the stronger-than-expected jobs report — and offered reaction to President Trump blaming Democrats for the market sell-off. Jim Cramer made a surprise appearance at Post 9 before hosting the CNBC Investing Club annual meeting. Hear what he thinks investors should make of the AI rout. Also in focus: Reaction to Texas Governor-Elect Gina Hinojosa's comments on data centers; Anthropic update; Hedge funds' pain; SpaceX vs. Tesla; Airbnb rallies on earnings. Squawk on the Street Disclaimer Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

We cover today's massive sell-off in the tech sector with insight from Janus Henderson's Richard Clode, One Point BFG Wealth Partners' Peter Boockvar and Cantor Fitzgerald's Eric Johnston. Then, Tapestry CEO Joanne Crevoiserat joins to break down the Coach parent company's latest earnings as the stock rallies today. Plus, Box CEO Aaron Levie discusses the company's expanded partnership with Nvidia.000 Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Stocks reverse post-midterm gains with tech leading the declines. A number of chip stocks falling double digits, with prominent ETFs for the sector having their worst day since March 2020. Arm Holding CEO Rene Haas reacting to the impact of an anti-data center backlash and what it means for business. Plus Allianz’s Mohamed El-Erian and Apollo’s Torsten Slok help break down how investors should be playing the sell-off. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

One day after the Dow surged more than 1,500 points in reaction to the midterm election results, Carl Quintanilla, Jim Cramer and David Faber explored what to make of the Nasdaq in sell-off mode. Chip stocks including Nvidia, AMD and Qualcomm extended Wednesday's losses on worries Democratic control of congress could slow the AI buildout and construction of data centers. Speaking of AI, Arm CEO Rene Haas joined the program to talk about the chip designer's better-than-expected quarterly results. The anchors reacted to what Meta President Dina Powell McCormick told a tech conference about the data center backlash in wake of the midterms. Also in focus: Vice President Vance's election post-mortem and oil prices; "Faber Report" on a Liberty Media deal; Cramer previews Friday's CNBC Investing Club Annual Meeting. Squawk on the Street Disclaimer Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Cramer calls this home improvement retailer ‘the No. 1 stock’. Become an Investing Club member to go behind the scenes with Jim Cramer and Jeff Marks every day as they talk candidly about the market’s biggest headlines, analyst calls and holdings in the Charitable Trust – and see up close how they decide when, and if, to take action on stocks. Sign up here: cnbc.com/morningtake CNBC Investing Club Disclaimer Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

We break down the impact of the midterm elections on tech, banks and the health care space. Then, Circle CEO Jeremy Allaire joins us to discuss the company's latest earnings, the impact of the recent Binance heist and more. Plus, we break down why CVS is splitting into two separate companies. Squawk on the Street Disclaimer Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Stocks surge after a dramatic overnight reversal following Democrats’ decisive midterm election victory. Thoma Bravo founder Orlando Bravo joins Squawk on the Street to discuss what the shift in power means for the tech trade, while one policy expert warns the election results could bring a return to market volatility rather than a clearing event. Plus, we examine the implications for healthcare and financial stocks, and AMD CEO Lisa Su weighs in on the demand outlook following major Democratic wins in Texas. A key state for data centers. Squawk on the Street Disclaimer Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Carl Quintanilla, Jim Cramer and David Faber discussed the big rally in stocks after Tuesday night's midterm election results: Democrats flipped the House and Senate, as well as gubernatorial seats in states including Texas. The anchors explored what the changing balance of power could mean for the AI trade — as SpaceX, Tesla and neocloud names such as CoreWeave fell sharply. In a "First on CNBC" interview, AMD CEO Lisa Su spoke about everything from the chipmaker's quarterly beat to the future for AI in light of the Dems' victory in the midterms. CVS Health Chairman & CEO David Joyner joined the program exclusively at Post 9 to talk about the healthcare giant's plan to split into two publicly-traded companies. Also in focus: Elon Musk's X post on the midterms; Reaction to earnings from the likes of McDonald's and Uber. Squawk on the Street Disclaimer Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Cramer thinks this tech stock is still hot despite RAM price pressures. Become an Investing Club member to go behind the scenes with Jim Cramer and Jeff Marks every day as they talk candidly about the market’s biggest headlines, analyst calls and holdings in the Charitable Trust – and see up close how they decide when, and if, to take action on stocks. Sign up here: cnbc.com/morningtake CNBC Investing Club Disclaimer Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

We break down earnings reports from Apple and Palantir, which have both stocks falling today. Then, Morgan Stanley's Ariana Salvatore joins with what to expect from the midterm elections today and how they could impact AI policy. Plus, New York Angels Board Member Bob Peck discusses the AI trade and investing in the private markets. Squawk on the Street Disclaimer Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Binance Co-CEO Richard Teng joins Squawk on the Street to discuss a recent crypto hack and growing concerns about digital wallet security. Plus, Shopify President Harley Finkelstein breaks down the company’s first revenue miss since 2022 and what it signals about the e-commerce outlook. And Wall Street reacts to Apple’s latest earnings as investors assess what’s next for iPhone maker. Squawk on the Street Disclaimer Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Carl Quintanilla, Jim Cramer and David Faber led off the show with Apple shares under pressure: The company warned about high memory chip costs impacting gross margins — news that overshadowed a quarterly beat. The anchors discussed what's next for the stock — and what Apple CEO John Ternus told Jim about the iPhone Duo. Palantir also moved sharply lower despite better-than-expected results and a surge in U.S. commercial revenue. Binance Co-CEO Richard Teng joined the program in his first broadcast interview since the security incident involving a $6.3 billion crypto heist. Also in focus: What Cramer is saying about buying Nvidia and the memory chip makers; Midterm elections and the markets; Earnings winners and losers; A sneak preview of Jim's "Mad Money" interview with CrowdStrike CEO George Kurtz. Squawk on the Street Disclaimer Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Mondelez CEO Dirk Van de Put joins to discuss the company's recent earnings beat and majority investment in Undercover Snacks. Then, we discuss what a divided Washington could mean for policy ahead of the midterm elections tomorrow. Plus, we preview what to expect from Apple earnings after the bell today. Squawk on the Street Disclaimer Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Midterms a key focus as investors work through updated S1 numbers from Anthropic and look ahead to another blockbuster week of earnings (with Apple & Palantir on deck) - what it all means for stocks and how to position your portfolio according to Rockefeller's Ruchir Sharma, Apple expert analyst Laura Martin, and the options market. Plus: Applied Digital CEO Wes Cummins joined the team at Post 9 with his read from the ground on the AI buildout, and the team broke down Marvell Technology's huge new deal to buy Lumentum with exclusive sound from both CEOs. Squawk on the Street Disclaimer Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Carl Quintanilla, Jim Cramer and David Faber kicked off a new month with the AI trade — and especially Intel — looking to rebound from Friday's big sell-off. Big M&A news in the mix: Marvell Technology agreed to acquire Lumentum in one of the biggest tech deals of all time. The CEOs of both companies joined the program to discuss why they believe the all-stock deal will create a "leader in AI connectivity." Staying on the AI front: The anchors delved into breaking news involving Anthropic's amended IPO prospectus. At Post 9, Kimberly-Clark CEO Mike Hsu discussed what's next for the company after closing its acquisition of Tylenol maker Kenvue. Also in focus: Oil prices down sharply; Apple earnings preview; October's biggest winners and losers. Squawk on the Street Disclaimer Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Patrick Moorhead of Moor Insights & Strategy joins to break down Intel's latest quarter, which is sending shares tumbling today. Then, CFTC Chairman Michael Selig joins to discuss Utah filing criminal charges against Kalshi. Plus, Twilio CEO Khozema Shipchandler breaks down their latest quarterly results. Squawk on the Street Disclaimer Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Intel shares plummet after the company issues weaker-than-expected fourth-quarter guidance, blaming the PC slowdown for its light forecast. Plus, investors react to Amazon’s Q3 earnings miss, with the stock trying to stay in positive territory for the year. Later, Eamon Javers joins the hour to break down the largest crypto heist ever, as Binance looks to recover from a security breach affecting more than $6 billion. Squawk on the Street Disclaimer Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Carl Quintanilla, Jim Cramer and David Faber covered Friday's tech sell-off that sent the Nasdaq down more than 2%. Intel shares plunged more than 30% on weak guidance sparked by the PC slowdown. Amazon also down sharply after posting a quarterly miss, despite strength at AWS. The anchors explored what it all means for the AI trade. Coffee, oil and diesel: Starbucks CEO Brian Niccol and Chevron CEO Mike Wirth joined the show to discuss their companies' respective quarterly results. Also in focus: The $6.3 billion Binance crypto hack; Marvell-Lumentum M&A update, the bright spots shrugging off the sell-off. Squawk on the Street Disclaimer Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Cramer says this industrial gas stock is a buy while the price is down. Become an Investing Club member to go behind the scenes with Jim Cramer and Jeff Marks every day as they talk candidly about the market’s biggest headlines, analyst calls and holdings in the Charitable Trust – and see up close how they decide when, and if, to take action on stocks. Sign up here: cnbc.com/morningtake CNBC Investing Club Disclaimer Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Citi's Head of AI Research Heath Terry joins to discuss the impact of big tech earnings on the broader AI trade as Alphabet shares sink post-results. Then, Shell CEO Wael Sawan breaks down the company's latest quarter where profit nearly doubled. Plus, we speak to Thrive Holdings Partner Kareem Zaki on their acquisition of ADT for more than $7 billion in equity value. Squawk on the Street Disclaimer Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Alphabet shares plunge toward their worst day ever as investors question the strength of its core search business and massive AI spending plans. Plus, Wall Street reacts to earnings from Microsoft and ServiceNow. Then Ares Management CEO Michael Arougheti joins Squawk on the Street in a CNBC exclusive after the firm beats earnings expectations. And DoorDash announces a $17 billion acquisition of Instacart, raising questions about a potential antitrust battle. Squawk on the Street Disclaimer Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

On a busy earnings Thursday, David Faber and Jim Cramer delved into results from a trio of trillion-dollar companies: Tech under pressure after Alphabet shares tumbled on a Q3 miss which included a slowdown in search advertising sales growth; Microsoft shares rose on a quarterly beat driven by cloud revenue growth; Eli Lilly CEO Dave Ricks joined the program exclusively to discuss the pharma giant rallying on better-than-expected quarterly results — which were fueled by demand for weight-loss drugs. On the M&A front: DoorDash agrees to acquire Instacart in a $17 billion deal; Marvell reportedly in talks to buy Lumentum. Also in focus: Caterpillar tumbles; ServiceNow and Fortinet plunge; Oracle's free cash flow update; Reaction to earnings from the likes of FedEx, T-Mobile and Chipotle. Squawk on the Street Disclaimer Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Cramer believes this energy stock is priced wrong and worth buying. Become an Investing Club member to go behind the scenes with Jim Cramer and Jeff Marks every day as they talk candidly about the market’s biggest headlines, analyst calls and holdings in the Charitable Trust – and see up close how they decide when, and if, to take action on stocks. Sign up here: cnbc.com/morningtake CNBC Investing Club Disclaimer Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

JLL CEO Christian Ulbrich joins to discuss the firm's record results and the health of the commercial real estate sector. Then, Generac CEO Aaron Jagdfeld breaks down their quarterly results as the stock has a volatile morning. Plus, D.A. Davidson's Gil Luria shares his expectations for big tech earnings. Squawk on the Street Disclaimer Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

A critical day for Wall Street as investors await the Fed’s latest rate decision and earnings from Alphabet and Microsoft. Plus, SK Hynix surges after reporting a 630% jump in profit, fueling fresh debate over the AI trade. And Robinhood CEO Vlad Tenev joins Squawk on the Street in a first-on-CNBC interview as shares tumble following mixed earnings, with weaker crypto revenue weighing on results. Squawk on the Street Disclaimer Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Carl Quintanilla, Jim Cramer and David Faber led off the show with the AI trade extending this week's rebound. The big catalyst: Shares of SK Hynix surging and lifting the chips after the South Korean company posted a blowout quarter. A different story for GE Vernova -- which erased earlier gains during the company's earnings call. The anchors also set the stage for Wednesday's Fed decision on interest rates, along with what the markets want to hear from Fed Chairman Warsh during his post-meeting news conference. Also in focus: OpenAI CEO Sam Altman's latest comments on AI security; Microsoft and Alphabet earnings preview; GE Vernova's $9 billion acquisition; Visa posts record revenue; Robinhood slides; Vertiv soars; Cramer on whether or not he would add Anthropic to his charitable trust holdings once it goes public. Squawk on the Street Disclaimer Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Cramer wants to buy this shipping giant’s stock. Become an Investing Club member to go behind the scenes with Jim Cramer and Jeff Marks every day as they talk candidly about the market’s biggest headlines, analyst calls and holdings in the Charitable Trust – and see up close how they decide when, and if, to take action on stocks. Sign up here: cnbc.com/morningtake Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Anthropic investor Pauline Yang of Altimeter Capital joins to discuss Anthropic's upcoming IPO and the tech market at large. Then, Royal Caribbean CEO Jason Liberty breaks down the latest quarter and discusses the demand outlook for travel. Plus, we speak to Hormel CEO John Ghingo in his first interview since taking the role. Squawk on the Street Disclaimer Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

A massive $63 billion deal to finance AI chips for Anthropic puts the spotlight on the growing cost of the AI boom. Melius Research’s Ben Reitzes joins Squawk on the Street to break down Broadcom’s partnership with Blackstone and major banks, along with new financial details from Anthropic’s S-1 filing. Plus, SoFi CEO Anthony Noto discusses record loan originations as shares surge following strong earnings. And Disruptive CEO Alex Davis unveils a new $10 billion fund targeting the next generation of private technology giants. Squawk on the Street Disclaimer Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

One day after Anthropic unveiled its IPO filing and set the stage for a massive public debut, Carl Quintanilla, Jim Cramer and David Faber delved into new developments involving the AI trade: A $63 billion dollar AI debt deal in which Broadcom is working with Bank of America, Morgan Stanley, Citi and Blackstone to finance its AI infrastructure plans with Anthropic; Nvidia and AMD to invest $3 billion and $1 billion — respectively — in Meta's AI-related equity offering. Boeing CEO Kelly Ortberg joined the program exclusively to discuss the company's Q3 revenue beat, wider-than-expected losses and strategy for expanding MAX jet production. Also on the earnings front: Coca-Cola falls despite a quarterly beat and raised guidance; Whirlpool slides to new four-decade lows; Royal Caribbean and Sofi among the bright spots. Squawk on the Street Disclaimer Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Cramer calls this natural gas stock a buy amid rising data center demand. Become an Investing Club member to go behind the scenes with Jim Cramer and Jeff Marks every day as they talk candidly about the market’s biggest headlines, analyst calls and holdings in the Charitable Trust – and see up close how they decide when, and if, to take action on stocks. Sign up here: cnbc.com/morningtake CNBC Investing Club Disclaimer Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Anthropic Investor Matt Witheiler of Wellington Management joins to discuss his take on Anthropic's S-1, which was filed this morning. Then, Former Fed Vice Chair Rich Clarida looks ahead to the Fed meeting this week. Plus, we bring you an early read on demand for the new iPhone Duo, which hit the stores over the weekend. Squawk on the Street Disclaimer Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Anthropic officially files to go public in one of the most highly anticipated market events of the year. We look at the financing, the broader market impact, and the timeline of the debut. Plus, we’re joined by two of the earliest investors in the company. Bessemer Ventures’ Byron Deeter and Menlo Ventures’ Matt Murphy, with their outlook on the firm’s growth. And Meta also planning some big AI investments with a $95B share sale. How that could impact current shareholders. Squawk on the Street Disclaimer Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Carl Quintanilla, Jim Cramer and David Faber covered all of the bases on a big breaking news story: Anthropic disclosed its much-anticipated public IPO filing. The AI startup is set to trade on the Nasdaq under the ticker symbol "ANT". The anchors delved deeply into the details of the filing, with additional coverage from Leslie Picker and Kate Rooney. Also in focus: Meta's $95 billion stock offering; Elon Musk's warning about neoclouds sends shares of CoreWeave and other names in the group lower; Verizon falls despite record Q3 results; Markets brace for a big week including mega-tech earnings and a Fed rate decision. Squawk on the Street Disclaimer Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

CrowdStrike CEO George Kurtz joins to discuss the new web security flaw that was uncovered in the software that runs most of the internet. Then, Niles Investment Management Founder Dan Niles joins to discuss his take on tech earnings. Plus, we speak with William Blair analyst Myles Minter about Moderna's cancer vaccine data leak. Squawk on the Street Disclaimer Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Apple hits a record high as its new foldable iPhone Duo officially goes on sale. Longtime Apple blogger John Gruber joins Squawk on the Street to discuss whether the device can move the needle for shareholders. Plus, telecom stocks tumble as Bloomberg reports SpaceX is looking to secure at least 80,000 cell sites across the U.S., sending tower stocks higher. And CNBC has new details on OpenAI’s latest fundraising efforts and potential new valuation. Squawk on the Street Disclaimer Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Carl Quintanilla, David Faber and Michael Santoli led off the show with Apple's foldable iPhone Duo making its in-store debut. Apple CEO John Ternus greeted customers at the company's store in Austin, Texas. Also in the mix: A live report from outside Apple's flagship store in New York City; The anchors discussed reviews of the iPhone Duo after Apple briefly surpassed Nvidia in market cap. Merck CEO Rob Davis joined the program at Post 9 one day after data involving the company's cancer vaccine with Moderna had been leaked. Also in focus: The tech sector extends its sell-off after the Nasdaq's worst day since June; SpaceX shares rise on a report about access to 80,000 cell sites — a look at the winners and losers; Western Digital falls despite better-than-expected results, American Express earnings and job cuts, AI trade roundup. Squawk on the Street Disclaimer Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Pershing Square Founder & CEO Bill Ackman joins from Tel Aviv to discuss the bull case for investing in Israel and the broader investment landscape. Then, Roundhill CEO Dave Mazza joins to discuss the latest round of tech earnings and where he sees opportunity. Plus, we bring you the details of a new security flaw that was uncovered in the software that runs most of the internet. Squawk on the Street Disclaimer Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Stocks come under pressure as renewed Middle East tensions push oil higher and concerns over AI spending weigh on tech. On today’s Squawk on the Street, we break down earnings from Meta and Tesla, including Meta’s new share structure, speculation around a potential Tesla-SpaceX merger, and the latest on AI capital spending. Plus, IBM CEO Arvind Krishna explains why he believes the company’s business remains resilient despite growing concerns about demand destruction. Squawk on the Street Disclaimer Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Carl Quintanilla, David Faber and Michael Santoli delved into AI trade weakness, including why Meta and Tesla shares fell despite both companies posting Q3 beats. The anchors reacted to what Meta CEO Mark Zuckerberg and Tesla CEO Elon Musk said on their respective earnings calls. On a rough day for the chip sector, CNBC's Arjun Kharpal interviewed Nvidia CEO Jensen Huang at the company's GTC conference in Berlin. Also in focus: Meta's new class of stock to fund AI spending; Buzz surrounding a potential SpaceX-Tesla merger; IBM earnings reaction; The "Tide" is high for P&G; Lockheed Martin rallies; Airline earnings impacted by fuel costs; Oil prices surge on Middle East tensions; Barclays and the job cuts parade; Carriers cut the price of Apple's foldable iPhone Duo ahead of its Friday in-store debut. Squawk on the Street Disclaimer Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Kroger CEO Greg Foran joins to discuss inflation, the consumer and their new $5 billion investment plan announced at their investor day yesterday. Then, NHL Commissioner Gary Bettman speaks about the future of the league's TV rights, the impact of sports betting and much more. Plus, we speak to Oppenheimer analyst Timothy Horan about SpaceX's earnings, which have the stock surging today. Squawk on the Street Disclaimer Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.