Market Records and What's Inexpensive, Alaska Air's Big Boeing Jet Order, WBD Rejects Paramount Again 1/7/26

SPEAKER_1 (0:00)

Comcast Business helps retailers become seamlessly restocking, frictionless paying, favorite shopping destinations. It's how nationwide restaurants become touchscreen ordering, quick-serving eateries, and how hospitals become the patient scanning, data managing, healthcare facilities that we all depend on. With leading networking and connectivity, advanced cybersecurity and expert partnership, Comcast Business is powering the engine of modern business, powering possibilities, restrictions apply.

SPEAKER_2 (0:28)

Thy ticket, Lady Jennifer of Coolidge.

SPEAKER_3 (0:31)

Well, many thanks, good sir. Here is my Discover card. They accept Discover at Renaissance fairs?

SPEAKER_4 (0:39)

Yeah, they do here.

SPEAKER_5 (0:40)

Discover is accepted at the places I love to shop. Get it with the times.

SPEAKER_3 (0:46)

With the times? You're playing the lute.

SPEAKER_6 (0:50)

Yeah, and it sounds pretty good, right?

SPEAKER_4 (0:52)

Discover is accepted at 99% of places that take credit cards nationwide. Based on the February 2025 Nielsen Report.

Carl Quintanilla (0:59)

Market moving insight and analysis join Jim Cramer, David Faber and me, Carl Quintanilla, on the opening bell hour of CNBC Squawk on the Street. Good Wednesday morning. Welcome to Squawk on the Street. I'm Carl Quintanilla with Jim Cramer, David Faber at Post 9 of the New York Stock Exchange. Coming off the S&P's first record high of the year, there is plenty to monitor today between geopolitics, Venezuela, Greenland, oil, and the employment picture starting to fill in. ADP mostly in line at 41K, ahead of the jobs number on Friday. We do have the tenure down to 412 Our roadmap begins with this recent rally. S&P and Dow at record highs. Dow getting closer to that 50K mark.

David Faber (1:35)

President Trump is saying Venezuela will give up to 50 million barrels of oil to the US. And we have new reporting that oil sales from Venezuela will continue indefinitely and US sanctions will be reduced. And Warner Bros. Discovery once again rejecting Paramount's latest offer to buy the company, continuing to prefer the merger agreement it has in place with Netflix.

Carl Quintanilla (2:01)

Let's begin with some breaking news this morning. For that we're going to get to Phil LeBeau in Seattle. Morning Phil.

Phil LeBeau (2:07)

Take a look at shares of Alaska Airlines. Why are we showing you Alaska? Alaska placing a huge and I mean huge order with Boeing for 120 new airplanes. The order breaks down like this, 105 737 MAX-10s. That's the stretch version of the 737 MAX that is expected to be certified this year. First deliveries likely in 2027 They're also ordering five Boeing 787 Dreamliners as they continue to expand their international route network. When you look at Alaska's order, now airlines never pay list price for a new aircraft. But if you look at the list prices for these 110 aircraft, plus another 35 options, comes out to approximately $17 billion. Not a bad order if you are Kelly Ortberg, CEO of Boeing. By the way, Boeing ended 25 with more orders than Airbus. That is the expectation when the final numbers are announced within the next couple of days. That would be the first time in several years that Boeing outpaced Airbus in terms of orders. Ben Minacuchi, CEO of Alaska Airlines, will be joining us exclusively coming up later on this morning on Money Movers. We will talk with Ben about this order, guys. And what is most interesting is that it is almost two years, almost two years to the day from when Ben Minacuchi was giving interviews after the door plug blowout. He was furious. He was fed up with Boeing. He was close to saying, you know what, we are not going to take your planes if you can't improve. Two years later, they are going to be spending list price value approximately $17 billion on another 110 Boeing airplanes. Don't want to miss that interview. Guys, send it back to you.

Jim Cramer (3:49)

Okay, that's fantastic. You just filled in full disclosure of my chopper. So, this is a big decision, Boeing. I had John Holmes last night from AAR Corp. And they do a lot of servicing for aerospace. And he was saying, listen, Jim, don't get ahead of yourself. There really aren't any planes available till 2030 But when I listen to this order, I think that the 787s are available, right? It's not just 737s maybe in tight supply. But Boeing may actually see some of these earnings this year.

Phil LeBeau (4:19)

And they're ramping up production, Jim. I don't know the exact cadence on the deliveries of the Alaska 787 Dreamliners. But this is an important part of this order. Yes, the 110 aircraft will get the headlines. But these five 787 Dreamliners, a little bit later on today, we're gonna be seeing what they plan to do with these aircraft. It's for expanding internationally. And I know a lot of people who watch us in the United States on the eastern half of the US. They're not familiar with Alaska. And they think, well, that's a nice little airline out there on the west side, on the west coast. They're growing. They're growing. And Ben Minicucci is adamant that this is crucial to their future. We'll talk with him at 11