Pres. Trump's New Tariff Threat, Super Bowl Morning-After Buzz, McDonald's Sizzles 2/10/25

Squawk on the Street

CNBC

News, Business, Investing

4.1 • 567 Ratings

🗓️ 10 February 2025

⏱️ 43 minutes

🔗️ Recording | iTunes | RSS

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Summary

Carl Quintanilla, Scott Wapner and Leslie Picker explored market reaction to President Trump’s plan to impose 25% tariffs on steel and aluminum imports -- news that sparked a rally in U.S. steel stocks. The anchors also discussed the Philadelphia Eagles' Super Bowl victory and its aftermath, including the sports betting landscape and the TV commercials. Also in focus: McDonald's jumps despite posting its worst U.S. same-store sales in five years, Meta aims for a 16-day win streak, Chinese tech rallies, activist investors on parade. 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 Kaintena, on the opening bell hour of CNBC Squawk on the Street.
0:08.4	Good Monday morning, welcome to Squawk in the Street. I'm Carl Kaintena with Scott Wapner, Leslie Picker here at Post 9 of the New York Stock Exchange.
0:14.5	Kramer and Faber have the morning off. And speaking to Kramer, congratulations to him and his Philadelphia Eagles on last night's Super Bowl victory over the Kansas City Chiefs.
0:24.6	We also wish Jim a happy birthday today. Man, what a birthday present.
0:28.6	A lot more on the Super Bowl coming up.
0:31.6	Futures are green coming off Friday's sell-off and looking past these headlines about new tariffs and retaliation.
0:39.0	We're going to get to all of it. Our roadmap this morning goes like this. Trump's tariff threats.
0:43.0	The president teasing some new levies on all steel and aluminum imports, even as China's retaliatory tariffs kick in.
0:50.1	Plus new warning signs about the strength of the U.S. consumer McDonald's posting its biggest domestic sales decline in nearly five years.
0:58.2	And shares of meta platforms up again in pre-market, the MAG7 stock aiming for its 16th straight day of gain.
1:05.3	Sweet 16th.
1:06.7	Let's begin with this new week for the markets and the president's promise to impose these 25% tariffs on steel and aluminum imports.
1:14.4	This is what he told reporters yesterday on Air Force One.
1:20.6	We'll also be announcing steel tariffs on Monday.
1:24.9	Tomorrow?
1:26.0	Monday, yeah, tomorrow.
1:29.3	What countries will those go on? Everybody, steel.
1:30.3	Including Canada and Mexico?
1:31.3	Yeah.
1:32.3	Any steel coming into the United States is going to have a 25 percent tariff.
1:37.3	What about aluminum?
1:38.3	Aluminum, too.
	...

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