as we saw today we had our big banks having great quarters and -- >> yeah. 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. we should not look at this with extreme negativity we should look at this, my gosh, we had the safety valves, and it worked. >> right. gobble gobble. back to you. >> tony shalhoub we're so happy for all of you. who are you? >> no. Apr 10. On March 12, 2018, Brian Sullivan replaced Eisen (and co-anchor Wilfred Frost) as anchor of Worldwide Exchange. >> what happened in 2022, banks did not raise their deposits as fast as the federal reserve was raising rates. she has no clue that i'm here. short term it's back. 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. >> lot moronhee t banks and what to do with them boeing slumping this morning we'll talk about why after a we'll talk about why after a short break. >> we saw the beginning of that exposure or at least the -- with that cb, of course, but he seems to believe that as time goes on, you stay higher for longer, you do expose even more potential risks, and part of his statement is to say, let's deal with those kinds of things now before they become a problem >> we're stuck here. 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. this may be the right thing for our country and every other country as we move supply chain. but no one asks the question, at what cost? >> if you look at the lag,the engine of growth you have, that might be something you say i can look for a.i but the big move is starting of outsourcing. anyone can become an agent of innovation with invesco qqq, a fund that gives you access to nasdaq-100 innovations. - what's paycom? For now, a rotating cast of correspondents and anchors will join Jon Fortt and Quintanilla on the show to begin putting that new vision in place. start an easy to build, powerful website for free with a partner that always puts you first. i mean, these companies came public, carl, and the spacs, they're funny. best performers on the s&p 500 that's, so far, for this week, of course, we still have today to go, but pioneer natural is benefitting from some of that takeover chatter around that enas phe energy as well rounded out by carmax. is that going to be considered bad? now, david, wells fargo, i could see that charlie scharf, the ceo, he bought back $4 billion at 46 and the stock at 40, my travel trust owns it, i'm going to buy wells fargo i thought the quarter wells fargo and i can go line by line was very impressive. the other things that he was talking about were -- >> although, the firm's macroeconomic scenarios and an increased probability of a recession due to tightening, financial conditions that's the reason, in terms of the provision for credit losses, $2.3 billion, they had $1.1 billion of chargeoffs, again, jpmorgan is what we're talking about here, and a reserve build of $1.1 billion, and the reason again was what they do cite as deterioration in the weighted average economic outlook, including updates to the firm's macroeconomic scenario >> wells is not as worried jpmorgan is a huge bank, and they're going to have some recognition. maisel." >> on the call, we're not running around aggressively tightening standards right now "i wonder use the word credit, crunch if i were you." Top cast Edit Carl Quintanilla Self - Anchor 12 episodes 2012-2021 Yousef Gamal El-Din Self - Correspondent 9 episodes 2011-2013 David Faber Self - Co-Anchor 7 episodes 2012-2022 Jim Cramer Self 5 episodes 2007-2021 Rick Santelli Self 3 episodes 2007-2021 Erin Burnett Self 3 episodes 2007-2009 Jack Tretton Self Also in focus: Delta's quarterly miss and upbeat guidance,Warner Bros. we just got an order from dinosaur, colorado. go big. 27,000 people laid off now maybe one of those is making $5.8 billion i tried to do the back of the envelope that's going to save it. >> rick santelli, thank you very much. 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. It's a marvelous time at the @NYSE, with the showrunners & cast of @MaiselTV ringing the opening bell. >> thank you. the chookie! 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. 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. >> it's up it's 54 cents. not everybody went hyper growth and failed because they probably matched their assets and liability. who doesn't want internet that helps ai do your homework even faster? they want to get out of their parents' and have their own homes. have a wonderful weekend melissa, thank you for hanging out all week with us >> my pleasure >> she says it so -- with such enthusiasm "squawk on the street" begins right now. JPM shares topped both the S&P 500 and the Dow, but Boeing shares took a hit. i'm an investorin invesco qqq, a fund that gives me access to nasdaq 100 innovations like wearable training optimization tech. Weekly Energy Inventory Data: Seen at 10:30am ET on Wednesdays and Thursdays. boeing shares slumping this morning. give us color on how they are dealing with the creative community? we have not spent enough time and asking ourselves what is the value of held to maturity if the capital markets look through that and mark the market you don't have to mark the market that was one of the issues related to supervisors of that institution because it was -- it, was an account that was -- commonly accepted accounting rule that if you deem this asset to go into a held to maturity, you don't have to mark the market now the capital markets are looking through, and saying no, we want to know what's really going on in that giant pool of money. the large banks are benefitting from this. Watch the full episode online. >> 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. >> we are. and so, the narrative is more of a narrative, the reality is we're winning more share wallet than any company in the world right now. >> 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. i mean we talk about all this pessimism, but the reality is, for long-term investors, buying bonds, buying interest rates at 5, 6%, before a couple years ago was 1%, you can actually earn a high percentage of your needed return to meet your pension fund liability. at 10:30, when i went to see adam, he brings it out and goes, it's time. come again? >> no. >> 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 have a couple big announcements with two energy companies. 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. but is that imminent no we should expect that. there's always -- there's always a conversation going on between the unions and the executives in hollywood. i said, what "it's time for tequila.". hello ozwald. Sign in to rate and Watchlist for personalized recommendations. - payroll is way too complicated for the average person. >> substantially >> substantially and that's what matters. what do you mean? the municipalities won't let you build like they used to. all they're looking at is the stock's doing a little better. then you started having impairment with some of these banks related to their held maturity account, precipitated a real reimagining of how you were going to imagine your portfolio. not as much turmoil, jim, as some expected. our road map begins with the banks. it's crazy bananas out there people are not getting. >> i think these numbers say that, geez, let's just wait. >> they say they're "not terribly concerned about cre," for example. i think our quarter really was a continuation of the last five years. 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. >> thanks, everyone. Mark Haines and Erin Burnett were the original co-anchors at the NYSE. we still have 4,400 banks. 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 trade of every stock; the treasury, currency and commodity action in real time. - psst! 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 starting to enter our economy. miracle-ear made it easy. 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. 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. dow weighed down by boeing, the s&p up, getting a confidence boost by the big banks reporting some good numbers. for free. On July 11, 2011, Squawk on the Street debuted an entirely new anchor team at the NYSE. but no, i mean, it is like when you get the box, like we're getting a box. i've seen bigger legs on a turkey! >> he says on the call here that the svb collapse does not have to result in a "revamp of regulation." we talk a lot about streaming and amazon strategy. you need cdw, who gets to know your business and can design and deploy custom solutions, with pre-configured hp notebooks. >> yes a lot of fresh data. because -- just because the regionals don't have good earnings the system is very, very strong. >> 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. Squawk Around the World: This occasional segment, which debuted on 2008-04-09, takes a look at the economic diaries of different regions outside of the US. Watch the full episode online. >> i'm looking at bnr fatigue, dave, with unh they did a beat and raise. >> i think it's going to be a bigger existential question as what do banks do with the held maturity accounts. 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? bummer. >> 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. Watch the full episode online. >> he has a great story, and i think that people might look at it and say, well, listen, it just -- they didn't have a lot of money come in they didn't have big increase in the amount of money because the market wasn't good, but i just think that we absolutely have to love what's going on there in terms of a longer term view of outsourcing pension funds to them, people really trusting them we just got a more jamie dimon he's not saying, deep breaths. >> issuing a report card for today's numbers and if you can, let us know what it means for the broader space and if there's any sort of sense of clearing or relative calm given what we know about underlying issues and say commercial real estate. start for free at godaddy.com, boeing is down sharply in the premarket, the company, warning it will likely reduce 737 max production and deliveries due to this parts issue involving spirit air systems. and i mean, this is something i do where my wife says, what are you doing? smarter and more sustainable. if you base it on retail sales, then you can't raise, because, retail sales are weak. >> jim, always good to get your thoughts the brick creator, right the original bricks. there is still that overriding concern that i mention almost every day here, which is that you can have deposit flight that takes place in a matter of hours. 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