Opening Bell Countdown: This segment, which has a. joining us is former uk treasury minister jim o'neill always good to talk to you how are you feeling about the economic prospects in the u.s. globally these days? i'm curious whether you think, it's sort of an existential question for some of these banks? >> right >> and nobody cares. bummer. and we're getting that from wells. >> don't cry for me, softbank. then, if we do believe inflation is higher for longer and we then see the results of the federal reserve has to keep rates higher possibly tighten a few more times, then you have to ask the question, what does that do for assets and what does that mean specifically for commercial real estate and the reason why i highlight, commercial real estate is because that's the dominant asset that regional banks own. those are the epicenter, and we're not used to that because those have been such great markets for so long. okay at what cost and we're not talking about those issues i think we need to be doing that i'm not here to suggest one way or another i've been in washington recently a lot. 2023 TV GUIDE, A FANDOM COMPANY. (cecily) you're bragging. On March 12, 2018, Brian Sullivan replaced Eisen (and co-anchor Wilfred Frost) as anchor of Worldwide Exchange. The show begins with the co-anchors and Jim Cramer on the floor of the NYSE, and "The Rundown" segment, starting with Bob Pisani on the floor at the NYSE. and the notification of the funding opportunity from the commerce department for this tranche of funding includes these new commercial facilities. stocks in the early going, little bit higher. i mean, these companies came public, carl, and the spacs, they're funny. one on their pathway and decarbonization and another with the pension fund we're working closely with these companies because i think they're part of -- they're part of the future in decarbonization. - this could be a stretch, but i think it's 'cause they wanna get paid correctly. >> what are people fatigued about? we'll be right back. this is an incredible business these companies, what does an airline know about running a pension? start an easy to build, powerful website for free with a partner that always puts you first. Contributors include Bob Pisani (NYSE), Bertha Coombs and Scott Wapner. All Rights Reserved. i said, it's 10:30 then i walked out, and i said, every single share of this must go away. i'm carl quintanilla with sara eisen on the new york stock exchange jpmorgan's chief economist, we'll get his reaction to the fed's move, echoing atlanta fed saying one more and done. On February 27, 2023, Squawk on the Street once again expanded to three hours, with the third hour replacing the cancelled TechCheck. >> people need to be prepared for the potential of higher rates for longer if and when that happens, it will address problems in the economy for those who are too exposed to floating rates or, those who are too exposed to refi risk. Terms of Service (last updated 12/31/2014). we're looking for business inventories and university of michigan sentiment to hit at the top of the hour. only from xfinity. the average deposits, right in line aren't you used to wells fargo disappointing on pretty much every single line? wells, citi, jp all with, results. "squawk on the street" will . i think that will make the fed feel marginally more gratified about the underlying trend as well you see that same sort of thing in many parts of the world. let's invent that! >> they talked about thursday night football they gave them some games worth watching can i just tell you, the real announcers always say the same thing. >> well, we got the first batch down and we look forward to more next week. Six in 60: This segment gives the show's anchors (Haines and Burnett) 60 seconds to look at the 6 stocks viewers are watching. >> how are you, carl here's what's happening at this hour florida governor ron desantis quietly signs the heartbeat protection act into law overnight banning most abortions after six weeks in florida the legislation will not go into effect immediately, however, because the fate of a ban on abortions after 15 weeks passed last year is awaiting a ruling from the state supreme court protests continuing in france as the country's constitutional council votes, today on whether the government's controversial move to raise the retirement age without a parliamentary majority can stand. Trending. choosing miracle-ear was a great decision. how about you? stop focusing on housing start focusing on wage growth. you're still doing this? >> they say they're "not terribly concerned about cre," for example. Uploaded by i think the business leaders can play a big role in bringing down conversations to try to find a way to work together i think there's no question we're going to have areas where we are going to be competitors and there's going to be areas where we should be, you know, working together and so we're talking about the number one and number two economy. ai-enabled threat detection and remote management protect your endpoints 24/7, giving your defenses some real teeth. >> good weekend. >> come full circle. >> yeah, they've eliminated the n nutjob regulators who hate them. >> lot of data today and fresh data hitting the tape. >> jim, always good to get your thoughts the brick creator, right the original bricks. you see it right there even with jamie dimon positioning the bank, it would seem, for higher and longer, he continues to -- he continues to say that rates, in his opinion, at least, will stay higher longer take a listen. utilization rates from 78 last month to 79.6. so, this is good news. the question is, is that going to work now in the next ten years? we saw a lot of people move their portfolios out of the smaller banks that had yields that were much lower into the larger banks as we saw today in some of the earnings and into the money market funds we've seen over $500 billion of money leaving the banking system into the capital markets that's one of the pervasive things i talked about today, i talked about in my ceo letter that we're seeing an acceleration moving out of the banking system into the capital markets. i think these types of policies are going to keep inflation stickier for longer. >> rachelle, you talked about mij and what she represents. Last edited on 25 February 2023, at 09:09, "CNBC Shuffle: Morgan Brennan to 'Squawk on the Street' as Sara Eisen Focuses Solely on 'Closing Bell', "Catching Up With New Mama Sara Eisen From CNBC", ". >> good question we're seeing more and more pension funds, insurance companies, endowments, are starting to look at their internal costs of running the pension. ubs managing director of large cap banks and consumer banks erica najarian joins us. at stores everywhere without a prescription. Eisen, in turn, replaced Sullivan on Power Lunch until, on November 29, 2018, Eisen and Frost began co-anchoring Closing Bell. we talk a lot about streaming and amazon strategy. >> nobody cared. (seth) who, me? >> in the series, the guy who played jamie dimon looked exactly like jamie dimon, but i do not believe that jamie dimon brought the 1942, which is $300 a bottle >> yeah. The opening hour of CNBC's "Squawk on the Street" with Carl Quintanilla, Jim Cramer and David Faber is broadcast from the floor of the New York Stock Exchange, on site at the opening bell. nobody yet has the answer in terms of what the impact is going to be. >> see you tonight. (seth) hey, mom. the result will mean more and more institutions will probably shorten their asset and liability match, making sure it's more matched, but begs the question, how are they going to look at held to maturity going forward. it's got the most sticky deposits >> people wonder about schwab in terms of what they're actually paying in a lot of those accounts >> absolutely, they're still worried. >> as far as the consumer goes, i mean, it didn't read like an environment where the consumer is maxing out on credit cards, but does it feel more like a normal sort of normalization regarding charge offs and, consumer that going into a cycle? we'll have to wait until we get that full data certainly it is a strong indication of interest, at least in terms of the volume of applications they're going to be getting. we know retail sales on the weak side, but despite that, rates moved higher business inventories for february up 0.2. we were expecting up 0.3 april preliminary will change mid-month, of course 63.5 much stronger than expected. you know that loan has really worked wonders. >> the decoupling continues. jim cramer, lucky to have sticking around for the top of the hour we have an exclusive interview with blackrock ceo larry fink at, post nine to break down his company's latest earnings and what he's seeing in the environment. The Call was canceled as a result of this program's expansion. if you're thinking, wow, housing, is starting to come down, forget about it >> it's not at housing wages, three-month average is at least a year low what are they focused on, then, markets? with hp wolf security. is that what futures are reflecting now >> yeah, look, when you go through the large banks, which were the huge beneficiaries -- every one of those banks on there were just giant beneficiaries of what happened if you're going to base what to do -- if you're the fed -- on those five companies, that's completely wrong it's the 4,995 others. i'm sara eisen with carl quintanilla and david faber, live from post nine at the new york stock exchange. >> that's unfair >> what do you mean? Cramer's Morning Meeting: Earnings & Energy Stocks 4/17/23, Jim Cramer and Jeff Marks discuss recent big bank earnings. i've seen bigger legs on a turkey! Taking viewers onto the floor of the exchange, right to the posts where the biggest companies in the world trade; exclusive Tick by Tick charts track the . swaps now pricing in 90% chance of a may hike. >> the question is my colleagues, it does sound like what happened in march accelerated a darwinian move in banks where we have the larger get even larger and made it so that we realized we didn't need to learn -- earn 2% if we just called larry fink we could pick up 5. welcome. >> some say $400 if you overpay. we actually grew more in this first quarter than the first quarter of '22, about 110 billion dollars of flows, clients are responding to the changes. miracle-ear made it easy. you know, he's -- he did mention watching credit tightening is certainly one of the key things, but even's watching. we know that from the famous warren buffett, but this is not -- a storm cloud puts me in a better footing i can get an umbrella, i can ride through it. we have shown we can do it better, cheaper and more systemic over the last three years we raised $400 billion in outsourcing. >> i wouldn't either >> nice -- >> nice enough >> amy, his wife, is very nice >> yes >> we have friends periodically, we have friends in real life, and it's very disturbing, and i do my best to blow them off and lose them, but, they're hard to shake over wells. benefits. who doesn't want internet that helps ai do your homework even faster? Eisen attended New York University as an undergraduate and completed her graduate studies at Northwestern University. Each of the reporters narrate pre-market news headlines in turn. that can be stunning and literally wipe your bank out >> we know that, and we also know that was the least sticky of deposits, but we took down -- the market took down schwab. . whether that is remote working -- >> remote working. >> but how about the smaller regionals that have -- >> that's the bigger question. "Power Lunch" Co-Anchor & Vice President, Events Strategy, CNBC Senior Climate and Real Estate Correspondent. jpm blowing past estimates two other big dow component are on the move. warby parker neither of those delivered >> no. she says, go to bed. >> um, i'm not entirely sure i think things look potentially better, but, obviously, there's all sorts of banana skins out there still, some of which we, know about, but certainly seems to me leans me a touch towards the more positive side, the inflation evidence is improving. really the lesson here is what's not great for the banking industry, the economy in general, is when rates are at. yeah >> we should pull back >> but i had a continued focus on inflation there are many who believe it is coming down and coming down materially austan goolsbee, by the way, perhaps amongst them take a listen. On May 19, 2014, Squawk on the Street reverted to 2 hours (9am to 11am ET) as a new program, Squawk Alley, debuted on that day. that said, i don't think anyone was questioning the health of the big banks during the crisis. good friday morning, welcome to "squawk on the street," i'm carl quintanilla with jim cramer, david faber at post nine of the new york stock exchange something for everyone today a bumper profit for the banks and encouraging commentary, but retail sales dropped twice as much as expected, six negative reads now in the past nine months even so, yields pop, two-year is back to 4 .1%. Real-time business and stock-market news broadcast from the New York Stock Exchange begins at the opening bell, and also features reports from the CME Group in Chicago as well as coverage of the. >> and then moved to atlanta when he left california, he got much more positive. we'll have plenty of time to talk about it wednesday morning. >> all right >> i kind of like him. Best Debt Consolidation Loans for Bad Credit, Personal Loans for 580 Credit Score or Lower, Personal Loans for 670 Credit Score or Lower. the c.h.i.p.s. zero for nearly a decade >> well, when we hear from the other regionals or midtier banks, are we going to be concerned again for parts of the banking industry, in your opinion, in terms of their inability to grow? even a term policy. this won't do well at auction. >> i'm tell you that the. larry cole coming on "mad money" soon >> depends on how i feel let me text him. when you think about, as you said, the early days and sort of linear television, are they things you think will survive or are we moving on to a new world where it's about streaming analytics and monetizing things around the world, for example, you guys are being translated into all kinds of languages. they want to get out of their parents' and have their own homes. Carl Quintanilla (previously co-anchor of Squawk Box ), Melissa Lee (anchor of Fast Money and Options Action) and Simon Hobbs (previously a presenter on CNBC Europe) were appointed as the new anchor team. >> we do soon. jp still over a full point below 2019 >> they're unbelievable. >> it's incredibly expensive to build a fab, especially an advanced one these days. >> take it in totality and in totality we are a strong country and i think that sometimes we, have to step back and say -- we have such an inferiority complex in this country. >> asking us >> well grab a pitch fork. The other market pre-open segments include the "Word on the Street" segment, in which either the co-anchors talk to a trader on the floor of the NYSE, and "Instant Analysis," in which either Quintanilla or Faber (or both) talk to an analyst either via satellite or on set. >> stocks down you always like to point out the market value of united health care, which is about half a trillion dollars not a bad business, >> such a great business people want more than just beat and raise. do we have a chart >> it's way too early there. >> yes. if you base it on the idea that we're out of the woods, then you can raise. Watch the full episode online. >> the fed will notice it's about inflation expectations and they were worried about the banking sector and probably going to be watching the earnings and listening to these conference calls hopefully, right, jim, not just us and saying look, maybe the worst is over. -all day. The following year (2012), Faber was moved from the network's Englewood Cliffs studio to a new trading-floor studio set (which replaced the old above-the-floor set that had been used since 2005) at the NYSE. >> first of all, every client we treat as a fiduciary and we do what they ask us to do, and that's called choice we spend a lot of time on it that is a narrative. >> retail sales reaction >> right retail sales, you think? smarter and more sustainable. >> talking about maybe there's a lot of -- >> just a great cast >> oh, i'm sorry i didn't mean to bring it back to business. at&t's deal is back. Signup here: cnbc.com/morningtake CNBC Investing Club Disclaimer, Wholesale Inflation's Big Drop, Amazon CEO's Annual Letter to Shareholders 4/13/23, Carl Quintanilla, Jim Cramer and David Faber highlighted two big stories: The Producer Price Index for March shows wholesale inflation posted its biggest decline in three years and Amazon CEO Andy Jassy released his annual letter to shareholders. it just works. so we're seeing more and more clients who are looking at bringing down their risk, but keeping their portfolio much more wholistic and a little bit more resilient by having a better foundation of bonds and equities that's what's happening right now and we're seeing that. >> that's why they talk about a consumer with excess cash. >> why do you say that what does that mean? i thought you can't pay for that kind of marketing. larry fink larry -- >> jim. this is a much more qualifying than quantifying, with respect to we're not looking at a mathematical equation like we do with other metrics that measure inflation. our road map begins with the banks. 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