quick survey. if you led your life the same after the pandemic as before, then you're like me, where my wife says, did you not realize what happened? and the notification of the funding opportunity from the commerce department for this tranche of funding includes these new commercial facilities. that's what u.s. bank is for. smarter and more sustainable. san francisco, seattle, they have problems. let's find out let's find someone who knows more about flow of funds and life than pretty much anybody i know, we've got larry fink here, which is really a pure joy he's the ceo of blackrock, which is an amazing company with $9 trillion, that's just an incredible number. After the opening bells ring at the NYSE and NASDAQ MarketSite, Quintanilla, Cramer and Faber send viewers through the opening minutes of the trading day with the "Opening Buzz" segment (see below). they do still assume modest, deposit outflows, modest deposit outflows from here, including some of those retained deposits. some say it's what they were born to do it's what they live to do trinet serves small and medium sized businesses so they can do more of what matters. >> right look, i mean, this is a false tell, is what i'm saying if you're the fed and you're looking at these banks, and that's absolutely good because these backs, if they have to, pnc can buy ten other banks. the stock has actually turned around wells fargo was higher this morning on the back of results it's now down 0.50 dow is down 170 and s&p 500 down about 0.3 as well. 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. >> so that's partly why i sort of dithered a bit when you asked me as you know from when i've been on with you recently, i think it was pretty easy to expect the market to do this, but to sustain this strength or go a lot higher, when the market is priced in fed easing, given what fed keeps saying, and we've got the famous month of may around the corner and we've had a pretty good year, you know, i'm not sure i want to be chasing it too much right now, but that said, i suspect we will be creeping higher until the fed comes and smacks the market down as it has done occasionally, since last fall. Get this delivered to your inbox, and more info about our products and services. 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 action of every . uhhhhh the next generation 10g network. that's what we do here. he said the same thing. on the Internet. then you know like that they're taking it seriously. we have moved away from this whole concept of globalization, we moved to fragmentation. Best Debt Consolidation Loans for Bad Credit, Personal Loans for 580 Credit Score or Lower, Personal Loans for 670 Credit Score or Lower. financials, up more than 1%. in other words, i think we're going to have a 4% floor in inflation. JPM shares topped both the S&P 500 and the Dow, but Boeing shares took a hit. >> at least we didn't do the lord thing this time always good to see you. i would give an a-grade to today's results, but keep in mind that the banks that reported today are generally considered the highest quality in the industry, and while, let's say, jpmorgan was an a-plus and perhaps, you know, pnc was a b-plus, i think this is not necessarily the clearing event that market needs, as some of the midsized regional banks reporting next week. 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 . act, what are the expectations in terms of do we even know in terms of what they really expect to be able to accomplish >> well, we know there's $39 billion in these manufacturing incentives that's this first tranche. we have a couple big announcements with two energy companies. >> sara, what we're talking is boeing pausing the dlib delivery of some 73 max models, how many remains unclear, and here's the reason why the company notified by one of its primary suppliers, spirit air row systems there is a problem with the rear of the plane where it connects with the vertical fin, they are not worried about this being a flight safety issue. >> take a look at futures this morning. are you saying that you're not expecting a big recession in the u.s. >> i am not expecting a big recession in the u.s we have to offset that we have three giant fiscal stimuluses that were created in the last two years that are starting to enter our economy. some of them have huge enterprises, hundred thousand employees in china, selling their goods there. like when i decided to host family movie nights. at&t's deal is back. >> as you know we played a clip from larry fink and spent a lot of time with him a short time ago. and i mean, this is something i do where my wife says, what are you doing? even a term policy. power. bde how you described it an interview a few weeks ago talk about what it's been like doing the ride. we were expecting 79.1, and utilization rates have really been on the weak side, but this is a respectable pop actually, this is the highest utilization rate since november of last year, which isn't a long time, but do keep in mind that the end of last year, we had a utilization rate that was the weakest going back over a year-plus into the previous year so, watching this come back, many are talking that it's possible some of the weakness in manufacturing may be in the rear view mirror. >> that seems to be -- >> at quarter end. Around the Horn: A brief summary of pre-market news; seen at the start of the show. last five years we grew by $1.8 trillion in net inflows. (cecily) you're looking pleased with yourself. The program begins with the start of a business day at the New York Stock Exchange and takes the viewer through the first 90 minutes of trading on Wall Street. Cast & Crew; Squawk Box Europe - Full Cast & Crew. utilization rates from 78 last month to 79.6. so, this is good news. the average deposits, right in line aren't you used to wells fargo disappointing on pretty much every single line? compliance. rick santelli. Although 'Squawk on the Street' premiered in December 2005, Jim Cramer became an integral part of the show when he joined as an anchor in 2011. >> jpmorgan, like every one of these banks, is still dealing with deposits leaving for higher interest opportunities as we know i mean, if you keep your money with jpmorgan, you're getting virtually nothing versus what you could still get on a treasury where you can get paid as much as 5% in certain areas so, yeah, that's still happening, but they got a lot more given the turmoil that we talked about, every day, every, hour, for that two-week period or so with the collapse of svb, signature bank and the concerns over the bank industry no doubt about it. >> we do soon. First Aired: April 17th, 2023. i'm on a roll-ay. >> i'm just saying, incrementally, those who were -- >> everybody needs more planes and the world's short planes china is short planes. 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. so unless you work with an actual rock star. the large banks are benefitting from this. >> well, we got the first batch down and we look forward to more next week. >> if it's tightening, then the answer is the growth is not going to be there. bummer. Thus, with his immense knowledge of . >> 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. A Division of NBCUniversal. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. Carl has been with CNBC since 1999 and currently co-anchors "Squawk on the Street" a program that broadcasts live from NYSE media center, and is a correspondent for "Crime Inc.," a CNBC series. it's -- because every now and then they throw something out there, that's really good and everybody gets to watch it the wonderful thing about network television, it's broad-based, more episodes great things that go with it but the streaming world has opened up a portal to stories that never would have been told and creators who never could have told their stories and, actors who never got that shot to like be on those network billboards that alone means everything is going to get better. >> we will talk about that later this morning phil lebeau on an important story regarding boeing. you mentioned fragmentation, security, policy people are thinking differently about energy they're thinking differently about shoring and in a world of rises rates where this is all very expensive and we have to preserve margins does esg priorities change >> i think you're talking about the "e" part, energy side. >> it's inflationary in services and that's the problem. >> nobody cared. >> jeff is a fantastic laugher, which i appreciate getting a laugh from jeff bezos is fun they've been great it's this world is such -- it's so less constricted than when andy and i started out in the, network world, very formulated, got new stuff rejected when the world expanded through cable and streaming it became a much better place for different kinds of stories to get out there, people with different identities to tell those stories and just to appeal to a breadth of audience the networks were not at the time. >> yes. we never seen this before, the market looking through to the mark the market impairment and saying the company may be impaired and then the deposit flight. i think our quarter really was a continuation of the last five years. >> i think it's going to be a bigger existential question as what do banks do with the held maturity accounts. as i said earlier in the session, we won $1.8 trillion of money over the last five years, and i'm saying that in the backdrop that most asset managers had negative outflows >> what's that conversation like when you go to texas what are you telling them and what are you hearing >> i'm telling them that we will do exactly what you ask us to do and it's your money. the municipalities won't let you build like they used to. nobody asks the question, if we want to have national security for food, national security interest rates for chips, and energy, no one is asking the essential question, at what cost >> yeah. >> i agree with that it's not that -- well, i think what we're seeing today, carl, is the banks right now are not going to be the reason why the fed should stay its hand the banks that we're seeing on our screen, not this, not the, regionals, bus thet the majors,f you were saying, you think we should tighten another quarter point, you could say, listen, now it's just a gimme. >> was it pink >> it was pink the maisel logo. bridgett is here. >> one month ago we sat here and there were people who come on and talk about the republic being in danger, not republic bank - >> the country. >> we went down in class for a while. great. that said, there's going to be some companies, jim, that don't turn a profit who see their runway shortened we mentioned rivian and lucid in the light of the tesla price cuts now, and some of these production numbers >> the companies that came public in the last two years, i'm going to call them, david, the sweet green alberg component. Word on the Street: A market pre-open segment in which Haines or Burnett (or both) talk to an analyst on the floor of the NYSE. but we haven't talked about citi >> you going to stick around for larry? i thought you can't pay for that kind of marketing. >> correct. if you want us to invest 100% in hydro carbon we'll do that in a state like new york where they are attacking us on the other side, if they want us to be divesting of hydro carbons for their money we will do that. She continued to co-anchor Squawk on the Street until June 22, 2020. give us color on how they are dealing with the creative community? it's all about outcomes. i think these types of policies are going to keep inflation stickier for longer. Language links are at the top of the page across from the title. Become a CNBC Investing Club member to go behind the scenes with Jim Cramer and Jeff Marks as they talk candidly about the markets biggest headlines. well she doesn't know that if she owns a life insurance policy of $100,000 or more she can sell all or part of it to coventry for cash. uh, how long are you i'm done. and it needs to run smooth, like, super, super, super, super smooth. pam, you are a rock- i wasn't going to say it. 120 min G Series, Business/Financial, News, Interview Series. 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. payroll. go boldly. now i enjoy every moment. Data is a real-time snapshot *Data is delayed at least 15 minutes. are they different that you might see out of netflix or disney plus? >> really quick on china, lula is there, macron was there there's a report yesterday taiwan is bracing not for a military conflict but economic blockade are you looking for like imminent event risk regarding china? [5][6], Eisen serves on Room to Read's New York regional board.[7]. >> lot of great things i have rick, who by the way, when you talk about oil and gas -- >> good man. jpm blowing past estimates two other big dow component are on the move. Learn how and when to remove this template message, CNBC Europe's headquarters at Fleet Place, "Watch Squawk on the Street: Full Seasons and Episodes", "It's Official: Kelly Evans Named 'Squawk On The Street' Co-Anchor", "CNBC Adds 'Squawk Alley' to Daytime Lineup", CNBC's Cash Flow/Cash Flow From Australia/Cash Flow, List of American network TV morning news programs, https://en.wikipedia.org/w/index.php?title=Squawk_on_the_Street&oldid=1149690573, Short description is different from Wikidata, Articles needing additional references from March 2012, All articles needing additional references, Official website different in Wikidata and Wikipedia, Creative Commons Attribution-ShareAlike License 3.0, Morgan Brennan (20202023), now co-anchor of, Jim Cramer, if he's on the set, talks to the. >> he's forward about what has to happen. everybody wants to be with their buds with coffee in a weird curls in their hair. Dan Mangan is a politics reporter for CNBC in New York City, where he covers the Supreme Court, the criminal investigations of former President Donald Trump, and breaking news. >> yeah. even a term policy! stl pe,ilonac though, for the worst week since mid-january, and of course, we'll talk about and of course, we'll talk about all that with larry fink comin go space age welds for super silent cars. This segment, however, is not seen when Faber is off, or on assignment. >> the consumer pivoted, life's too short, nothing the matter with an existential crisis after we had a pandemic that killed so many people. i think that -- i have felt that schwab was fine, but you kknow - as david said, it's a minute-to-minute thing for some of these, but it's not for jpmorgan because the money heads to jpmorgan of blackrock >> we've got to get to a lot >> we don't have citi. >> we're hoping that everybody takes a deep breath and looks at what happened and the breadth and depth of regulations already in place obviously, when something happens like this, you should adjust, think about it, so i think down the road, there may be some limitations on health to maturity maybe more scrutiny on interest rate exposure, stuff like that, but it doesn't have to be a revamp of the whole system it's just recalibrating things the right way. it just works. make a sound decision. >> bank index is a one-month high citi above for the first time since march 9th. 600 episodes 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 with the up-to-the-minute news investors need to know and interviews with the most influential Chief Executive Officers and greatest market minds. >> ge is down 30 cents aren't you going to come after me >> not yet, by the way, speaking of -- i know this is apropos of absolutely nothing, but you're talking about spac, and we talk a lot about commercial real estate have you taken a look at wework? portland has problems. not bragging. is going to result in huge jumps in productivity, is that going to be a material offset to this new function you're talking about >> i don't think china's importing deflation anymore. >> you can we got a bill. Squawk on the Street, which debuted on December 19, 2005, is a business show on CNBC that follows the first 90 minutes of trading on Wall Street in the United States.[1]. - payroll is way too complicated for the average person. First Aired: April 18th, 2023. >> regarding >> streamers and writers >> you might be asking the wrong person. >> 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. "Squawk on the Street" Co-Anchor Carl Quintanilla is co-anchor of CNBC's " Squawk on the Street " (M-F, 9AM-12PM ET), which broadcasts from Post 9 at the New York Stock Exchange.. Got a confidential news tip? we have larry fink >> i understand. our job is to be working with clients. our road map begins with the banks. compensated properly it's because i think it hits so fast, it came out of left field, nobody anticipated it taking over the world quite like this it's time, kids, get to the table and figure this out, because after covid, nobody wants to go out on the street. >> 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. you're still doing this? let's get to a "mad dash" with jim as we count down to an opening bell you got a very short amount of time here, so squeeze it in.