Stocks Advance Their Record Run, Oracle Surges, Trump and a Potential TikTok Sale 6/30/25

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David Faber (1:02)

Market insight and analysis. You're listening to the opening bell of CNBC's Squawk on the Street.

Ty, good morning, it's Monday. Sorry about that, but welcome to Squawk on the Street. I'm David Faber, alongside Jim Cramer. We're live from Post 9 at the New York Stock Exchange. Carl's still enjoying some time off. Let's give you a look at futures. It's a holiday shortened trading week, remember? We got Friday off, right? Friday, yeah. Yeah, Friday. It's the big July 4th holiday. Yeah, all right, our roadmap begins. Guess, I'll just give you one guess. Yeah, you were right. The S&P and the NASDAQ both coming off record closes. The stocks, of course, looking for more gains at the open. It is the final trading day of the second quarter. Already done with half of 2025 Canada is walking back the tax, which led to the suspension of trade talks with the US, opting to cancel its tax on US technology companies, in anticipation, at least, of getting a trade deal done. And President Trump teasing that he has a group of, quote, very wealthy people ready to buy TikTok, adding the deal would still need approval from the Chinese to move forward. As you might imagine, it's a complex transaction. We're going to have more on that in a bit. Let's, though, Jim, start with that record run. Of course, we sat here on Friday discussing same. What are your thoughts after the weekend?

Jim Cramer (2:27)

Well, I think that one of the things that we have to get away from is talking about the Fed. The Fed doesn't seem to even play here. Now, we can say, of course, we have a jailbreak going on. It's one of the most amazing things I've seen. This is not led by tech, although some of the semis meant.

It's led by financials, industrials, some of the data centers. You hear that from Safra. But it's a very diversified, with the exception of the Proctors and the Pepsi, PepsiCo's, very diversified rally, of which I could argue that JPM is more important than Apple. I could argue that what matters more is tariffs, although it's a little opaque. But the obsession on what the Fed is going to do has cost you a lot of money because it kept you out of the market. You want to stay in the market. You got to be in the market big. Retail has been in the market big.

David Faber (3:16)

Retail, as we've made the point many times, did not or does not appear to have been the big seller in that sell-off that took place after so-called Liberation Day of April 2nd. Whereas, of course, many of the institutional investors may have taken risk off, so to speak, only to come back, obviously. Right, and many of the hedge funds have a business model that is predicated on the idea that I'm not going to lose you a lot of money, you know?

Jim Cramer (3:43)

Yeah, but that's not what individuals aren't about.

David Faber (3:45)

I know, but hedge funds are all about just keeping what they've gotten, being able to gather more. And so a big down year is not going to work when you're promising, okay, I may not even beat the S&P, but I'm not going to lose as much in a bad year. And so they're out, oftentimes, more quickly. But now they're back in.

Jim Cramer (4:04)

Right, well, now they're back in. I mean, individuals focused on whether I have to sell Apple, that Nvidia broke out, was I in there, or did I sell it at 100 The individuals focused on what's hot, but also staying in, not wanting to be part of the eight days that we know, Ken Langone told me, where most of the action is. The institutions are focused on what the Fed's going to do. Frankly, the individuals don't even know who the Fed is. But we have to give the individual credit, because the individual is buying the alphabet at 176