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Squawk on the Street

Fed Meeting Kicks Off, Faber Report on TikTok, Exclusive: Rivian CEO 9/16/25

Squawk on the Street

CNBC

Investing, Business, News

4.1567 Ratings

🗓️ 16 September 2025

⏱️ 48 minutes

🧾️ Download transcript

Summary

Carl Quintanilla, Sara Eisen, and David Faber began the show with a look at the big Fed meeting on deck, a day after an appeals court ruled that President Trump cannot fire Federal Reserve Governor Lisa Cook before the FOMC Meeting. David Faber also had a new Faber report on TikTok, saying that the framework agreement for the social media platform will include new investors as well as existing investors in the platform’s Chinese parent company ByteDance. Later in the hour, CNBC’s Phil LeBeau brought an exclusive interview with the CEO of Rivian on the company’s new $5B EV assembly plant in Georgia. Squawk on the Street Disclaimer

Transcript

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0:00.0

Market moving insight and analysis join Jim Kramer, David Faber, me, Carl Kaintena, 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 Kintanio with Sarah Eisen and David Faber

0:13.0

at post nine to the New York Stock Exchange. Kramer has the morning off. Pre-market solid as the triple Q's go for a 10th straight gain.

0:20.0

That's the longest streak since 23. Fed meeting

0:23.1

does begin with Stephen Myron and Lisa Cook. Retail sales were sturdy, although so were

0:28.0

import prices, highest in about a year and a half. A roadmap begins with stocks continuing

0:32.7

to hit these new record highs, the Mag 7 leading the charge with Alphabet and Tesla. Retail sales did come in hotter than expected as the Fed kicks off that two-day meeting.

0:42.3

Of course, the focus will be interest rates.

0:44.3

It comes as an appeals court rules that Fed Governor Lisa Cook can continue to serve on the Fed board.

0:50.3

And Rivian, breaking ground on a long-delayed $5 billion EV plan in Georgia.

0:55.8

Founder and CEO will join us this hour.

0:58.2

Let's get to the markets this morning.

0:59.9

S&P NASDAG, both closing at new records again powered by the MagS7 names.

1:04.6

Investors gearing up for this week's Fed meeting kicks off today with the federal appeals court yesterday,

1:09.6

ruling that the president cannot fire

1:11.4

Governor Cook before the central bank votes on rates. Also, the Senate confirming the president's

1:16.1

pick, Stephen Myron, to join the Fed Board of Governors. Myron will participate in this two-day

1:21.4

meeting. Senate vote 47-47. VP breaks the tie. A lot of, actually five senators did not vote, including, I think, some GOPers as well.

1:31.8

Yeah, Murkowski voted against him.

1:34.2

They were worried about, I don't know why, but they're worried about the fact that he did not resign his post as the Council of Economic Advisors,

1:41.2

although he is taking an unpaid leave.

1:43.5

And this is only a position,

...

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