Dow Hits Record High Despite Apple Pullback, Bracing for the Fed, Oracle's Ellison "Begged" Nvidia 9/16/24

Squawk on the Street

Carl Quintanilla, Jim Cramer and David Faber focused on a big week ahead for the markets, as Wall Street debates how deep the Fed could cut rates on Wednesday. Apple shares under pressure

after a well-followed analyst said overall pre-orders for the iPhone 16 lineup indicate weaker than expected demand. That news did notprevent the Dow from hitting an new all-time high.

The anchors also explored the AI trade after last week's surge -- and reacted to Oracle Chairman Larry Ellison's comment about "begging" Nvidia CEO Jensen Huang for AI chips.

Also in focus: Jim's "dream" week in San Francisco, DirecTV-Disney agreement ends a blackout, Boeing strike Day 4, a second apparent assassination attempt on former President Trump.

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