Shutdown Deal Rally, AI Trade After a Rough Week, Pfizer CEO on Metsera Deal  11/10/25

David Faber (0:00)

Introducing Fidelity Trader Plus. With customizable tools and charts, you can access across all your devices. Try our most powerful trading platform yet at fidelity.com/traderplus.

SPEAKER_2 (0:10)

Investing involves risk, including risk of loss. Fidelity Brokerage Services, LLC. Member NYSE, SIPC.

SPEAKER_3 (0:15)

Your commute, day in and day out, the same old route, but also the perfect time to hear what's new in blockchain and crypto. Level up your commute and join Ripple for conversations with some of the best in the business on how institutions around the globe are being reshaped and revolutionized with blockchain and crypto. From digital asset infrastructure to payments, custody and even our stablecoin RLUSD. Listen to special commuter editions of Blockstars, the podcast hosted by David Schwartz. It's happening with Ripple.

Carl Quintanilla (0:45)

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 Monday morning. Welcome to Squawk on the Street. I'm Carl Quintanilla with Jim Cramer and David Faber at Post 9 of the New York Stock Exchange. Coming off the worst week since April, stocks trying to find some heart. And last night's Senate vote that might carve a path to the end of the longest government shutdown in history. Ten year 411, VIX is still holding 18 Our roadmap begins with that shutdown. The longest, as we said, might be nearing an end as the Senate passes the first stage of this deal.

David Faber (1:17)

Plus a big reality check for the AI trade. Of course, tech stocks coming off one of the worst weeks they've seen in about seven months. And Pfizer is the winner. Yep, that bidding war for Metsera could be a deal worth as much as $10 billion.

We all do. We all have him. He'll be joining us right here at Post 9 very shortly. Albert Bourla, the CEO.

Carl Quintanilla (1:42)

Let's begin with this tentative deal aimed at ending the shutdown. The Senate clearing this procedural hurdle with a 60-40 vote passed with eight Democrats joining all Republicans, except for one. Deal funds the government through Jan 30 Would fully fund SNAP and reverse some of those attempted layoffs of federal workers. Does not guarantee the health care subsidies that Democrats have been pushing for, but there is the promise of a vote. We're watching Rand Paul, whether he might slow walk this. And of course, the House, Jim, is important too.

Jim Cramer (2:10)

Well, we said last year that the end, two years ago, the shutdown ended because of flying and not enough air traffic controllers. Well, having been caught in the chaos, where you're supposed to leave the airport at nine, and it turns out to be a.m. and you're on a red-eye, this is not going to stand. There's just too many people ahead. Thanksgiving will not occur. If you're trying to fly to an airport, David, don't pay any attention to when it's going to leave or when it's supposed to land, because it's all fiction.

David Faber (2:44)

We all have travel. I mean, I travel tomorrow. No, you're not.

Jim Cramer (2:47)

Take a car. Rent a car right now.

David Faber (2:49)

It's hard to get to Denver with a car.

Jim Cramer (2:50)

I don't care. After Bourla, you just get the hell out.

David Faber (2:52)

Just leave. And then later in the week as well. Yeah, no. Yesterday was a disaster for many people trying to get anywhere, and we've all heard the stories. You're obviously dealing with it firsthand. So you think that's the reason this gets done.

Jim Cramer (3:05)

Oh, yeah. I mean, look, I want to vote against everyone. Anyone who's close has got to vote, and the Democrats can make the refer— make a total referendum if they want to.

Carl Quintanilla (3:15)

Well, they are. They might just force another one at the end of January. To your point about travel, 2,800 cancellations yesterday, 10,000 delays. That's four straight days of 1,000 or more cancellations.

Jim Cramer (3:28)

And I think what happens is that there gets to be a mood, and the mood is one of not only do you not want to spend, you don't want to go, you're thinking that whatever plans you have should be cancelled. And I think that that's kind of why we can rally so much, because it just seemed like that by the day, consumer confidence was going down. And it turns out that I think people like to visit family. And you just, you look at those four, well those four, everything they post is kind of meaningless.

Carl Quintanilla (4:01)

Yeah, we did have that Umish print on Friday, second lowest of all time. Also a discussion Friday, Jim, about how the market has not done as well as it usually does during a shutdown, essentially flat.