Squawk on the Street

Why Cramer is buying this ‘out-of-favor’ consumer staples 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

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FCC Chairman Brendan Carr joins to discuss SpaceX acquiring a nationwide spectrum portfolio as Starlink looks to take on traditional carriers. Then, Apollo Chief Economist Torsten Slok joins with his expectations for the market. Plus, we bring you a report from Macao about why gambling revenue is lagging pre-pandemic levels despite record visitation to the region.
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The White House announces a committee to investigate allegations that Fed Governor Lisa Cook made false statements. Plus, new financial figures from OpenAI spark concerns about AI revenue growth and what it means for the broader AI ecosystem. And Delta slashes its outlook amid soaring fuel costs, while CEO Ed Bastian responds to Elon Musk's call for his firing over the airline's decision not to use Starlink.
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Carl Quintanilla and Jim Cramer led off the show with the AI trade rebounding after the worst day for tech since August — the decline was sparked by reports of weaker-than-expected revenue at OpenAI.
SpaceX shares rose after the company announced its spectrum deal to launch Starlink as a player in the mobile space. AT&T, Verizon and T-Mobile share tumbled on that news. Hear what Delta CEO Ed Bastian told CNBC about Elon Musk warning him he would "lose his job" for passing on Starlink wi-fi for the airline. Also in focus: Apple shares fall on a report involving demand for the iPhone 18 Pro; The possibility of Treasury yields hitting 6%; Humana soars on Medicare Advantage ratings; Flashback: What AT&T CEO John Stankey told David Faber about Starlink last month.
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Cramer is looking at this transports stock ahead of the holidays. 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.