Bearish Sentiment, Trade War/Tariffs Effect, Earnings Beats for BofA and Citi 4/15/25

Squawk on the Street

CNBC

Business, Investing, News

4.1 • 567 Ratings

🗓️ 15 April 2025

⏱️ 42 minutes

🔗️ Recording | iTunes | RSS

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Summary

With the major indices aiming for a third consecutive day of gains, Carl Quintanilla, Jim Cramer and David Faber reacted to a new survey that shows investors haven't been this bearish about growth in 30 years. Tariffs and the trade war also in the spotlight: President Trump setting the stage for tariffs on chips and pharmaceuticals, China reportedly orders its airlines not to accept deliveries of Boeing jets. Also in focus: Bank of America and Citi post earnings beats, what Johnson & Johnson's CFO told CNBC about pharma tariffs, Netflix's $1 trillion goal, luxury pain for LVMH, activism lifts HPE shares. Squawk on the Street Disclaimer

Transcript

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0:00.0	Market moving insight and analysis join Jim Kramer, David Faber, and me, Carl Kainteneo, on the opening bell hour of CNBC Squawk on the Street.
0:08.0	Good Tuesday morning, welcome to Squawk on the Street. I'm Carl Kaino with Jim Kramer, David Faber, post 9 of the New York Stock Exchange.
0:14.0	Some relative calm, returning to the pre-market at least, after those comments from the President and the Treasury Secretary on Monday.
0:20.0	Bank earnings remain solid, VIX below 32, dollar index green for the first time in six
0:25.8	days.
0:26.7	Our roadmap begins with this market volatility.
0:28.8	A new street poll shows investors haven't been this bearish about growth at about 30 years.
0:33.7	Also ahead tariffs, of course, in the U.S.-.s china trade war Beijing reportedly ordering chinese
0:38.8	airlines not to accept further deliveries of Boeing's jets that company shares are under pressure
0:44.4	and we've gotten earnings from city and Bank of America this morning of course they also top
0:49.9	analysts as to that's along with what we've seen from many of their competitors of the last
0:53.9	couple of trading days be of a CEO brian Moynihan will join us that's along with what we've seen from many of their competitors over the last couple of trading days. B of A CEO, Brian Moynihan, will join us. That's in the next hour of Sparrowling
0:59.2	Street. Let's begin with the markets this morning, Jim. Bessett yesterday did say he thought
1:04.3	maybe the VIX had peaked. Does today sort of rhyme with that? Look, I think when you start seeing
1:09.5	the earnings, you saw a bunch of them.
1:12.7	They didn't cancel guidance.
1:14.2	They gave guidance.
1:15.7	I feel like some of the banks were actually pretty good.
1:18.6	Bank of America business as usual.
1:20.2	One of the things that Brian Williams would be able to talk about is consumer spending is up nicely.
1:26.1	I mean, for all the things you hear about, the pessimistic surveys, year-over-year-year
1:32.3	is good.
	...

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