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]

"I think what you're seeing is a real focus and a swing toward short-term trading."

Alli McCartney, @UBS Alignment Partners private wealth advisor, explains why she thinks the S&P will hit 8,100 by year-end:
https://t.co/FjqttoQStV

[Squawk on the Street @SquawkStreet]

"What we're trying to do is...capture those liabilities so that investors have a better picture of what kinds of risks are involved."

@SPGlobalRatings' Mark Habib warns that hyperscalers likely have more AI debt than we realize:
https://t.co/UruZ6IRktG

[Squawk on the Street @SquawkStreet]

"The markets, depending on the day you look, have priced in either one or two hikes after December, and we think probably a third hike could happen."

How former Fed Vice Chair Richard Clarida is thinking about inflation and interest rates:
https://t.co/fnCSe07Oj1

[Squawk on the Street @SquawkStreet]

"This revenue growth is being supported with real profit, with real dollars, at the end of the day."

How Matt Witheiler, head of late-stage growth at Wellington Management, is thinking about Anthropic's public IPO filing as an investor in the company:
https://t.co/6zTASIXeKl

[Squawk on the Street @SquawkStreet]

"Here's a company at scale that year-over-year grew over 10x - It's not the kind of growth nor scale you see in the 25 years in venture business."

Early Anthropic investor @MenloVentures's @mmurph reacts to the company's S-1 filing out this morning:
https://t.co/WKjDaJd2kc

[Squawk on the Street @SquawkStreet]

.@BessemerVP Partner @bdeeter & early Anthropic investor on Anthropic's S-1 filing:

"We were fortunate enough to invest early in the pre-money round Series D many years back ... We've never seen the growth rates like we're seeing in the AI markets."
https://t.co/Q17DScx7jT

[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