Morning After the Sell-off, Micron Tumbles, Trump: Abolish the Debt Ceiling 12/19/24

Carl Quintanilla, Jim Cramer and David Faber engaged in a wide-ranging discussion about markets trying to rebound from Wednesday's Fed-fueled sell-off. Hear why Cramer believes Fed Chair Powell "got it wrong." Micron shares tumbled on weaker guidance, which overshadowed a Q1 earnings beat. President-elect Trump told NBC News he's in favor of abolishing the debt ceiling. The anchors discussed Elon Musk's role in the scuttling of a bipartisan spending deal aimed at avoiding a government shutdown. Food for thought: Olive Garden parent Darden Restaurants surges on earnings, frozen french fry maker Lamb Weston plunges after replacing its CEO and slashing guidance. Squawk on the Street Disclaimer

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CNBC’s “Squawk on the Street” with Carl Quintanilla, Jim Cramer and David Faber is broadcast from the floor of the New York Stock Exchange, on site at the opening bell with the up-to-the-minute news investors need to know and interviews with the most influential Chief Executive Officers and greatest market minds.