Markets Rebound After Sell-Off, OpenAI and Broadcom Presidents on Multibillion-Dollar Deal 10/13/25

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Jim Cramer (1:01)

It's Jim Cramer here. You're listening to the opening bell of CNBC's Squawk on the Street. Don't miss a minute of the action.

David Faber (1:09)

Good Monday morning. Welcome to Squawk on the Street. I'm David Faber in Las Vegas at Oracle's AI World. Jim Cramer, where is he? Well, he's in San Francisco, ahead of DreamForce this week, and Sara Eisen is holding down the fort back at Post 9 of the New York Stock Exchange. This morning, I will have an exclusive with Oracle's new CEOs, Clay McGurk and Mike Cecilia. That'll be at 11 a.m. Eastern, right here, of course, on CNBC. Jim kicks off what is a big week of interviews tonight on Mad Money. He's going to spill. I mean, you can't even name them all, but look, you can just look at the board there and see all the CEOs, including Broadcom, Salesforce, Starbucks. As for the market, well, we are up sharply in the futures after that very significant sell off on Friday. The bond markets are closed today. Of course, it is Columbus Day. And Jim, big week ahead for you, but it was a big week or a big day for the market on Friday after our show, because that is when President Trump responded to something we had mentioned at the time, namely those new restrictions on rare earths from China. And he responded with the threat of 100 percent tariffs that sent the market down sharply. There may have been some other fears out there as well. We've talked, Sara, of course, about private credit recently and concerns in certain corners of the market. So, Jim, thoughts this morning as we get started with another week, given what we saw on Friday?

Jim Cramer (2:27)

I think it's still going to be the three markets. We're going down to the market. There's the data center. And I believe that we're seeing some news coming out about a deal with Broadcom and OpenAI. That will matter. I also think that there is a sense of just incredible speculation because of a Brookfield Bloom deal.

That's the sort of budget problem with this market. But overall, Sara, I'm looking at a market that says, okay, what happened Friday didn't really happen. It's a do-over. But most of the stocks that are in data center or regular market are not returning to where they were. But the speculative market is far exceeding. Some of it because of JP Morgan and Jamie Dimon's idea about having more, trying to get rid of the risk of supply chain, which again comes down to rare earth. So, do you get that sense, Sara, that we've got a speculative market and then we've got a market that is key on tech and then we have the regular market which isn't doing anything?

Sara Eisen (3:26)

Right. I got the sense that the market had looked past the trade war and the whole narrative was the worst of the trade headlines are over. And then, you know, the sort of angry posts that we got on Friday from President Trump against China with its rare earth magnet restrictions, you know, triggered some fears that, you know, here we are again. I think the conciliatory post from President Trump over the weekend toward China giving them an opening certainly helps when if you do think it was China. And yes, Jim, obviously, there's a broader context here. This tremendous run up we've seen in the market, the speculative activity. But what President Trump said over the weekend, don't worry about China.

He said, it will all be fine. Highly respected. President Xi just had a bad moment. He doesn't want depression for his country and neither do I. The USA wants to help China not hurt it, President DJT. So look, now there's a negotiating window until November 1st to avoid the 100% tariffs on China. And I think, Jim, the other important point here is that, we are less dependent and they are less dependent on us. I don't know if you saw overnight the Chinese export and import data, but Chinese exports to the US dropped 27%. So already the big companies that you and I talked to are lessening their dependence on China's supply chain. So 100% tariffs on China. You might not want to see it, but it's less impactful than it was a year ago or several years ago.