Markets and Tariff Jitters, Bullish S&P 500 Targets, Meta Poaches Top AI Executive from Apple 7/8/25
Squawk on the Street
CNBC
4.1 • 567 Ratings
🗓️ 8 July 2025
⏱️ 43 minutes
🧾️ Download transcript
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| 0:00.0 | Market Insight and Analysis. You're listening to the opening bell of CNBC, Squawk on the Street. |
| 0:05.9 | Good Tuesday morning. Welcome to Squawk on the Street. I'm Carl Kintanao with Jim Kramer at post-9 of the New York Stock Exchange. |
| 0:11.1 | Faber has the morning off. Future stabilize a bit here after Monday's tariff-related sell-off. |
| 0:16.1 | As the market pins its hopes on more deal announcements, maybe some implementation delays, got some |
| 0:21.1 | bare steepening and bond yields, the long bond, near 5% once again. |
| 0:25.3 | Our roadmap begins with market fallout from the president's tariffs moves as Goldman and B of A raised |
| 0:30.6 | their S&P forecasts. |
| 0:32.2 | A major coup for Mark Zuckerberg, hiring Apple's top AI expert, and Amazon kicking off off its prime day event what's at stake for the retail giant |
| 0:40.6 | amid the uncertainty over tariffs. Let's begin with the markets though trying to shrug off these tariff and trade jitters. |
| 0:47.6 | Yesterday the president was asked about the letters he sent to trading partners regarding steeper tariff rates. |
| 0:53.2 | Take a listen. |
| 0:55.6 | Are the tariff letters that you sent today final offers, or are they negotiating? |
| 1:00.4 | No, that's final offer. |
| 1:01.6 | So South Korea, Japan should take it or leave it? |
| 1:03.5 | We're always subject to negotiate something that's fair. |
| 1:06.4 | But we've talked to most of the countries, and pretty much they've had their way for many, |
| 1:11.1 | many decades, as you know. |
| 1:13.6 | And it was time that we just wanted fairness. |
| 1:16.6 | So Jim, given that some of these levels are not that different from the ones we saw in April, |
| 1:21.6 | does the market deserve to be 25% higher? |
| 1:24.6 | Well, look, I think it just was an ideal time to start being tough. It seems like |
| 1:28.5 | the president recognized the stock market was a big. I know you can say, well, that somebody's |
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