Carl Quintanilla, Jim Cramer and David Faber discussed a new week for stocks as Wall Street remains on stimulus watch, with Speaker Pelosi setting a 48-hour deadline for reaching an aid deal with the White House. The anchors explored the challenges facing restaurants, airline and movie theaters in wake of the pandemic. On the M&A front, The CEO of ConocoPhillips appeared on the program to discuss the oil major's deal to acquire Concho Resources for $9.7-billion in stock. Carl, Jim and David also discussed what's this week's raft of earnings could mean for the markets. Also in the mix: Reaction to a top Apple analyst who says the company's first-day pre-orders for iPhone 12 surpassed the iPhone 11, plus a look at back at the 1987 stock market crash on the anniversary of "Black Monday."
Squawk on the Street
The Markets, Stimulus Deal Deadline, Big Oil M&A And Earnings Week Preview
Carl Quintanilla, Jim Cramer and David Faber discussed a new week for stocks as Wall Street remains on stimulus watch, with Speaker Pelosi setting a 48-hour deadline for reaching an aid deal with the White House. The anchors explored the challenges facing restaurants, airline and movie theaters in wake of the pandemic. On the M&A front, The CEO of ConocoPhillips appeared on the program to discuss the oil major's deal to acquire Concho Resources for $9.7-billion in stock. Carl, Jim and David also discussed what's this week's raft of earnings could mean for the markets. Also in the mix: Reaction to a top Apple analyst who says the company's first-day pre-orders for iPhone 12 surpassed the iPhone 11, plus a look at back at the 1987 stock market crash on the anniversary of "Black Monday."
- Broadcast on:
- 19 Oct 2020