Shutdown Ends, Disney Slides, Cisco CEO, John Malone Exclusive 11/13/25

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Carl Quintanilla (1:00)

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 Thursday 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. Futures a little soft as the Dow comes off a record high on pace for the best week since June. The government shutdown is over. Market's asking, what's next? We would have gotten CPI where consensus was for 3-1. That would have been the highest in about 17 months. A roadmap begins with the longest government shutdown in history finally coming to an end. The president signs a funding bill that does pass through Congress.

David Faber (1:37)

Disney's out with its earnings. We've got a lot to explain. Profits were better than many estimates. Revenues below many estimates. Streaming subs up. There was a dividend hike. This is some buying back, some more stuff, right?

Yeah. Of course, we're going to talk about the AI boom, fueling Cisco Systems' latest earnings and its outlook. The company CEO Chuck Robbins will join us in a first on CNBC.

Jim Cramer (2:00)

Fantastic.

Carl Quintanilla (2:01)

Let's begin with the end of this 43-day shutdown. Last night, the president signed funding legislation into law that will keep the government open until January 30 Measure will result in back pay for federal employees who've been furloughed since the beginning of October and those who've been working without pay. I'm starting to see some schedules, Jim, of when we might start getting data releases. Not all of them will be complete or even whole.

Jim Cramer (2:24)

No, no, but what I want to focus on is what Wall Street's saying. And Wall Street is saying you basically have the end of the gloom. They were really relating the gloom in restaurant and retail to the shutdown. Now, David, you know there are not that many people involved with the shutdown, but you know that Wall Street had churned on restaurants and retail. And it's almost like they're using this as a reason to get back in ahead of the holiday season.

David Faber (2:52)

So you don't necessarily see that larger connection between the shutdown and reduced spending in those areas?

Jim Cramer (2:58)

I do think that what happened again is that the stocks reflected a dramatic slowdown, and the actual companies did not get a dramatic slowdown. And I think that that says that those bode well for all those. You know, Carl, the dislike of tech right now, you know, I did a book signing last night at Barnes and Noble, and the people were in Brooklyn, everyone was really nice, and they watched the shows very closely. And the thing that people wanted to talk about was Courtweave, and how Courtweave was something that they all owned, and they felt had really made great strides, and yet there was missing the quarter. Now they don't, the granularity of how they missed is not nearly as important as the fact that, like, holy cow, I thought I was in the hot one.

David Faber (3:45)

Yeah. In that the hot one.

Carl Quintanilla (3:48)

We did get some initiations of that name, which we'll get to a little bit later on.

Jim Cramer (3:51)

I mean, Compass Point.

Carl Quintanilla (3:53)

Yep.

Jim Cramer (3:53)

Compass Point, David, Compass Point.

David Faber (3:56)

What about Compass Point?

Jim Cramer (3:58)

They like Courtweave.

David Faber (3:59)

They like Courtweave.

Carl Quintanilla (4:00)

Yeah.

David Faber (4:00)

Yes.

Carl Quintanilla (4:02)

Although the... That's great.

We now can trigger the five-year CDS charts on these names, and the Courtweave five-year CDS quarter to date, up 72%.

David Faber (4:12)

Yeah. I mean, I did it the other day. I think it was up 50-something, so it keeps moving in one direction. By the way, I did watch your lead on MAD Wednesday. Yeah.