Regional Banks' "Buyable Weakness", A New NFL Dynasty & The Young Money Boom 2/12/24

Jim Cramer (0:00)

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

David Faber (0:08)

Good Monday morning.

Carl Quintanilla (0:09)

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 our first S&P 5K close of 14 to 15 weeks.

Ahead of CPI, retail sales, and some key earnings all in the next few days. Futures Red, 10 year 415 Our roadmap begins with that Super Bowl comeback. The Chiefs becoming the first back-to-back NFL champs in 19 years.

David Faber (0:31)

Plus, as for the markets, we have the S&P closing above 5,000. For the first time in history, investors are closely watching new inflation data, retail sales. We also have 61 S&P 500 companies that will report earnings in the week ahead.

And the true cost of AI, development. NVIDIA's CEO countering OpenAI's 7 trillion fundraising goal and the cost predictions that come along with it.

Carl Quintanilla (0:54)

We begin with the dawn of a new NFL dynasty. The Kansas City Chiefs delivering that overtime comeback win over the San Francisco 49ers and Super Bowl 58 Third ring in five seasons, the big game also raking in an estimated $650 million in ad revenue.

Jim, you did call it on Friday, but what a great game.

Jim Cramer (1:17)

I got a little of these right this year, which is very exciting.

And I have to tell you that this is one of those games where there really were great friction in homes, great friction. I mean, there were people who just love the romance, okay? You went to romance with the Swifties. And other people were revolted by it and wanted a change in pace. And I have never seen it so visceral this year, even if you're not from the cities. So I felt that there was something exciting, David, because there was true love and hatred.

I mean, like this, like a lot of people just said enough, enough.

David Faber (1:54)

I know, yeah, people did feel like, right?

Not necessarily that, good for them. It's wonderful, but more just, all right. I mean, Mahomes is one of the greatest of all time. We already know that.

Jim Cramer (2:04)

Don't Andy, Andy.

David Faber (2:06)

And Andy, I was just looking for a change. I was, I was one of those who sort of like, all right, let the other guys win for a change. But the big winner, of course, the NFL, another season, most likely of records.

Jim Cramer (2:16)

True, true.

David Faber (2:17)

I mean, we talk about it all the time in terms of the most viewed telecast. Obviously, the Super Bowl is certainly always that. And probably the one thing we as a nation still participate in largely together.

But the NFL as a property only continues to add to its monumental success.

Jim Cramer (2:34)

Yeah, I was with my kids in 32, 29, and what was incredible was, there were a lot of people who felt this Usher concert would be like a throwback. Like, what's the point?

To me, I was trying to figure out whether, did Apple unleash really great entertainment? Because this thing was just stop trading. I mean, I'm watching them like saying, oh my God, there's Luda. I mean, holy cow, you're seeing people. You didn't, little John, you know.

David Faber (3:02)

Alicia Keys, yeah.

Jim Cramer (3:03)

You may not know these people.

David Faber (3:05)

I'm sure that everybody agrees with you on your assessment of it.

Come on. I like Usher a lot.

Jim Cramer (3:13)

Suddenly Alicia?

David Faber (3:14)

Incredible talent, yes.

Jim Cramer (3:15)

Thank you for that. Thank you.

I don't know, I mean, I think maybe you have to be a certain age, but I think it's Apple's age. I think it's Vision ProAge, man.

Carl Quintanilla (3:23)

It's definitely people who are old enough to have some money now to buy a thing like that.

Jim Cramer (3:27)

Right, I think it was a demographic bonanza.

Carl Quintanilla (3:30)

As for the ads, Jim, I mean, you had a lot of celebrity humor. Duncan, I think, tops a lot of lists coming out of the game.

We mentioned this going into the game. No US automakers, but BMW. Walken.

Jim Cramer (3:43)

I thought it was my favorite. Really? Yeah, because I just happened to be Big Christopher Walken. There's someone at our table who might be able to imitate him because of the proximity of birth.

David Faber (3:53)

We are both Queen's boys.

Jim Cramer (3:54)

Come on, can you do it? Come on, he's from Historia. You can do it.