Jim Cramer and David Faber kicked off the show with a look at shares of Intel surging after President Trump said the company will partner with Apple on U.S. chip design. The anchors also shifted to a WSJ report that Apple must raise prices on its products to offset the surging costs of memory chips. Also in the mix; the desk discussed Warsh’s debut as Fed Chairman, a day after the committee held rates steady.<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.

9AM HOUR: Trump Touts Intel-Apple Partnership, Memory Crunch, Warsh’s Fed Debut 6/18/26

Squawk on the Street

# Full Transcript

**Podcast:** Squawk on the Street

## Participants

- **David Faber** (None)
- **Jim Cramer** (None)
- **Ruth Porat** (Alphabet)

## Transcript

[SPEAKER_02] From college send-offs to retirement dreams, life is filled with many important milestones. And making sure you have a plan in place to protect the people you love can give you confidence for whatever comes next. State Farm Life Insurance can help protect your family's financial well-being through life's milestones. Your State Farm agent can help you choose flexible coverage you can adjust as your family's needs change. Contact your local State Farm agent today. Like a good neighbor, State Farm is there.

[SPEAKER_00] This episode is brought to you by Schwab Market Update, an original podcast from Charles Schwab. Join host Keith Lansford for this information-packed daily market preview delivered in 10 minutes or less, including projected stock updates, monetary policy decisions, and key results and statistics that may impact your trading. Download the latest episode and subscribe at schwab.com slash market update podcast, or find Schwab Market Update wherever you get your podcasts.

[SPEAKER_06] Market insight and analysis. You're listening to the opening bell of CNBC's Squawk on the Street. Good Thursday morning and welcome to Squawk on the Street. We're live from the New York Stock Exchange, of course, in lower Manhattan. And that's why you can look at those pictures as well, because in one hour, the New York Knicks will be honored with a ticker tape parade up the canyon of

[SPEAKER_06] heroes this after winning the team's first NBA championship in 53 years. I'm David Faber. He's Jim Cramer, not a lifelong Knicks fan, unlike me. Carl has the morning off, but an exciting day here. Sorry.

[SPEAKER_07] Yes, it is. It's exciting to try to get into work.

[SPEAKER_06] Yes, getting to work was something of a challenge in terms of crowd control, various subways and everything else. And of course, I do feel badly for people who are stuck sort of in places where they're not going to be able to get that view. Our viewers are looking at right there. It makes me think perhaps they could have enlarged the parade route to allow more people, because we're inundated. My subway trip down, obviously, was a lot more crowded than typical. Did you dress in the dark, honestly?

[SPEAKER_06] I tried to kind of have a Nick color.

[SPEAKER_07] I mean, did you think that someone's going to josh you and put a soda on you or something?

[SPEAKER_06] I tried to get a shirt that had some orange in it. I didn't do very well. No, not at all. I didn't do very well. Anyway, just point that out. Okay. But an exciting day here. We will sort of keep apprised of how things go. They start down at the Battery at 10 a.m., end up at City Hall. It's very exciting. And obviously, as a lifelong Knicks fan, it's a great thing. I'd hope to get out there and watch. That's going to be virtually impossible. And unfor...

9AM HOUR: Trump Touts Intel-Apple Partnership, Memory Crunch, Warsh’s Fed Debut 6/18/26

Transcript

Built for investment professionals

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

9AM HOUR: Trump Touts Intel-Apple Partnership, Memory Crunch, Warsh’s Fed Debut 6/18/26

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.