Squawk on the Street

CNBC's Squawk on the Street, 9a to 12 pm ET. Hosted by @CarlQuintanilla @SaraEisen @DavidFaber and @jimcramer

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[Squawk on the Street @SquawkStreet]

"This is a very unique dataset and potentially standard of care changing."

Myles Minter, William Blair health care research analyst, reacts to positive trial results for $MRK and $MRNA's cancer vaccine:
https://t.co/L2QSG8yuMX

[Squawk on the Street @SquawkStreet]

“If Democrats take even just one House, that will give them a lot of leverage around debt-ceiling negotiations and funding spending next year.”

Evercore ISI Chief Strategist Sarah Bianchi on the market implications of the midterms:
https://t.co/BQrGshY04h

[Squawk on the Street @SquawkStreet]

"These marginal neocloud players – they're going to have a pretty rough time going forward."

@DanielTNiles tells us where he's finding value within hyperscalers and semiconductor infrastructure:
https://t.co/xi4rDTZ6WL

[Squawk on the Street @SquawkStreet]

“If you love your existing iPhone - if you really love it -this is not the iPhone for you.”

@gruber on Apple’s new iPhone Duo:
https://t.co/0fZJv3dP4Z

[Squawk on the Street @SquawkStreet]

“There’s just no evidence that the bottom line of the S&P 493 is getting any boost from AI. Profit margins are not growing. Revenue per employee is not growing.”

@apolloglobal Chief Economist Torsten Slok on AI’s impact beyond the Mag 7:
https://t.co/w0E4OJvfS3

[Squawk on the Street @SquawkStreet]

"You're going to see a lot of breaches happening in the coming months from this."

@CrowdStrike CEO @George_Kurtz issues a warning in response to vulnerabilities discovered in a key software that powers much of the internet:
https://t.co/84YdHeQZDO

[Squawk on the Street @SquawkStreet]

"I do think that we're going to see an economic downturn."

Man Group chief market strategist @KristinaHooper thinks increased consumer pressures and moderating AI capex are on the horizon:
https://t.co/TiQnDl7wqL

[Squawk on the Street @SquawkStreet]

FIRST ON CNBC: Merck CEO Rob Davis says the company expects to file its cancer vaccine for approval soon.

“We’re working as fast as we can right now to get the file in… You should expect to see approval sometime in 2027.” $MRK
https://t.co/pjWe4BXVc4

[Squawk on the Street @SquawkStreet]

"They've proven that AI is helping them accelerate their business, and this remains an incredibly undervalued stock."

Why @BillAckman owns $META:
https://t.co/txLM0wy8HP

[Squawk on the Street @SquawkStreet]

"I would say Netflix is a high-growth utility."

@BillAckman calls the streaming giant "a super high-quality business" trading at "one of the lowest valuations in history":
https://t.co/C7p8itYEQY

[Squawk on the Street @SquawkStreet]

"It's absolutely politically critical for Fannie and Freddie to be released from conservatorship before the end of the Trump administration."

@BillAckman is bullish on $FNMA and $FMCC – here's why:
https://t.co/HVVJmpCQeC

[Squawk on the Street @SquawkStreet]

"We're investing in AI to enable the same model that we've run for quite some time."

$PNFP CEO Kevin Blair discusses the bank's Q3 earnings beat and growth strategy into year-end:
https://t.co/9yhIDVrj2s

[Squawk on the Street @SquawkStreet]

"Inflation comes down, rates come down, we're going to have an amazing 2027."

@BillAckman says the Iran war has been "extremely well-executed" – here's what he expects for stocks once it ends:
https://t.co/qaQtuqdwvM

[Squawk on the Street @SquawkStreet]

"I think it's one of the most innovative economies in the world – it's also one of the best economies in the world."

@BillAckman outlines his bull case for Israel as he joins for an exclusive interview from the Tel Aviv Stock Exchange:
https://t.co/NUMr8um958

[Squawk on the Street @SquawkStreet]

“The long-term story remains right. These companies are sold out for years in the future - but sentiment on memory and the broader tech trade has turned pretty markedly.”

@roundhill CEO Dave Mazza on the outlook for memory stocks:
https://t.co/hdn6nS50ZE

[Squawk on the Street @SquawkStreet]

“These investments are significant, but they’re positioning Meta to be autonomous for the long term… We think they will ultimately be high-return investments.”

Guggenheim's Michael Morris on $meta's AI spending:
https://t.co/Bugs8hED5D

[Squawk on the Street @SquawkStreet]

“We still think tech is the long-term leadership, but it’s going through a little bit of a short-term setback," says Truist Wealth’s Keith Lerner:
https://t.co/1miVPfprRe

[Squawk on the Street @SquawkStreet]

“Tesla needs to make the case: It’s not just a car company. It’s a tech company," says Fmr. $TSLA Board Member @SteveWestly:
https://t.co/MrcX46t70K

[Squawk on the Street @SquawkStreet]

"There'll be a great opportunity for us to both expand our reach and get paid what we think is an appropriate reflection of our value."

How @NHL Commissioner Gary Bettman is thinking about broadcast rights for both legacy cable and streamers:
https://t.co/xZPFGAAN3M

[Squawk on the Street @SquawkStreet]

"We're dealing with a period of productivity that we can't imagine."

@UBS Global Wealth senior portfolio manager @CapMrkts says the S&P could hit 9,500 by next June – here's what's driving his bull case:
https://t.co/Icwx4YM00N