Carl Quintanilla, Jim Cramer and David explored rising oil prices and hotter-than-expected February PPI being a double whammy for stocks. Wall Street awaits Wednesday&#x27;s Fed decision on rates — and what the accompanying statement might say about inflation in wake of the Iran war. The anchors discussed Jim&#x27;s &quot;Mad Money&quot; interview with Jensen Huang: The Nvidia CEO called new AI agent OpenClaw &quot;the next ChatGPT&quot; — and said it&#x27;s possible that Nvidia could become the first $10 trillion company. Also in focus: The White House vs. Anthropic, red-hot memory chip stocks, day one for new Disney CEO Josh D&#x27;Amaro, Starbucks downgraded, Cramer&#x27;s &quot;Jeopardy!&quot; surprise.<br><br>Squawk on the Street Disclaimer<br><br>Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Fed Decision Day,  Hot PPI and Oil Prices Weigh on Stocks, Jensen Huang on "The Next ChatGPT" 3/18/26

Squawk on the Street

# Full Transcript

**Podcast:** Squawk on the Street

## Participants

- **Carl Quintanilla** (CNBC)
- **Jim Cramer** (CNBC)
- **David Faber** (CNBC)
- **Jensen Huang** (NVIDIA)

## Transcript

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It's Jim Cramer here. You're listening to the opening bell of CNBC's Squawk on the Street. Don't miss a minute of the action. Good Wednesday morning. Welcome to Squawk on the Street. I'm Carl Quintanilla with Jim Cramer, who's back at Post 9. David Faber here at the New York Stock Exchange. Oil spiking here on reports that a nat gas field was attacked in southwestern Iran this morning.

New fears that upstream infrastructure may increasingly be in military crosshairs. Futures, as a result, lost their gains. Hot PPI didn't help. Up nearly 4% now on annual core. That's the biggest jump in a year. Our roadmap begins with decision day for the Fed. The policymaker's statement's going to be in focus. What it might say about inflation in the wake of the war. Also ahead, NVIDIA CEO Jensen Huang tells Jim that the AI agent OpenClaw is, quote,

definitely the next chat GPT. And speaking of AI, the Trump administration responding to Anthropics lawsuit, this in a court filing, it defends the Pentagon's decision to essentially what we call blacklist the company. Let's begin with the markets, though, as the street awaits the Fed decision today and the statement this afternoon. Jim, although the more immediate story is this upside reversal in

Brent, back to 108. And a lot of firms not rule a city, not ruling out $200 Brent. Well, one of the things we thought was when Israel struck an oil facility, that was really the moment where a lot of people said, OK, this is out of bounds. And we heard sort of what you, it's out of bounds. And it wouldn't happen again. And now it's back, this time natural gas. It does seem like the president is more emboldened. Israel seems more emboldened because

this is bad for the market. But obviously, David, the bad for the market means absolutely nothing. What do you mean by saying that? The...

Fed Decision Day, Hot PPI and Oil Prices Weigh on Stocks, Jensen Huang on "The Next ChatGPT" 3/18/26

Transcript

Built for investment professionals

Every day you wait, your competitors are finding
edge in conversations you're not hearing.

Fed Decision Day, Hot PPI and Oil Prices Weigh on Stocks, Jensen Huang on "The Next ChatGPT" 3/18/26

Transcript

Built for investment professionals

Every day you wait, your competitors are findingedge in conversations you're not hearing.

Every day you wait, your competitors are finding
edge in conversations you're not hearing.