Market Sell-Off on Wall Street After Historic Rally 04/10/25
Squawk on the Street
CNBC
4.1 • 567 Ratings
🗓️ 10 April 2025
⏱️ 46 minutes
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| 0:00.0 | Market Moving Insight and Analysis. |
| 0:02.1 | Join Jim Kramer, David Faber, and me, Carl Cantonia, |
| 0:04.9 | on the opening bell hour of CNBC Squawk on the Street. |
| 0:12.4 | Good Thursday morning. |
| 0:15.4 | Welcome to Squawk on the Street. |
| 0:16.6 | I'm David Faber with Jim Kramer. |
| 0:18.3 | We are live postline at the New York Stock Exchange. Carl's on |
| 0:21.6 | assignment. Let's give you a look at futures, of course, after that historic rally yesterday. |
| 0:26.5 | In the afternoon, we are looking for a down open, perhaps a fairly significant decline when |
| 0:32.5 | stocks do begin to trade a half hour from now. Our roadmap does begin with that tariff turnaround, |
| 0:38.1 | of course. And as I just said, we may see a bit of a give back of that historic game this |
| 0:43.1 | after the president reverse course and instituted that 90-day reprieve, at least on some |
| 0:50.2 | of the global tariffs that were in place for a very short time. |
| 0:55.3 | We're going to talk with the latest, well, with one of Topps Trump economics aides, |
| 1:01.4 | the chair of the White House Council of Economic Advisers. |
| 1:03.6 | Plus, the fragile outlook for technology, Apple, mega cap names. |
| 1:08.7 | They had huge gains yesterday. |
| 1:11.5 | But Amazon's Andy Jassy telling CBC there remains to be a, quote, a lot of flux right now. |
| 1:19.0 | And I might weigh in on U.S. Steel, although frankly, I got nothing to tell you there other than what the president said. We needed something for the third |
| 1:30.6 | item on the roadmap. You know, you got to have three items on your roadmap. Is that what it is? |
| 1:33.9 | Yeah, every day. Got to have three. All right. Let's get back to number one, which is the market. So, |
| 1:38.3 | here we were yesterday. All about the bond market, of course. The last two days, in fact, we really |
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