SOTS 10AM: Broadcom buckles, money in the banks, and a potential turnaround for a downward dog 12/12/25

Squawk on the Street

CNBC

News, Business, Investing

4.1 • 567 Ratings

🗓️ 12 December 2025

⏱️ 44 minutes

🔗️ Recording | iTunes | RSS

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Summary

A mixed session in early trading following record highs for the S&P 500 a day earlier. Adam Parker from Trivariate Research and Anastasia Amoroso from Partners Group join with their outlook for equities and private markets. Broadcom shares pulled back sharply despite upbeat results and bullish commentary around AI demand. Analyst Vijay Rakesh gives his take on the drop. Plus, why regional banks could be a good bet in 2026, high hopes for pot stocks, and details behind the CEO change at Lululemon. Squawk on the Street Disclaimer

Transcript

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0:00.0	Good Friday morning. Welcome to Squawk on the Street. I'm Sarah Eisen with Carl Kintania.
0:11.6	We are live, as always, from post nine of the New York Stock Exchange. David Faber is off today.
0:16.2	Coming up this hour, Broadcom, the latest tech name to pull back this week on results following
0:21.0	Oracle's steep decline.
0:22.3	We'll talk about what the chipmaker's numbers say about overall AI demand.
0:26.2	Stock down 9%.
0:27.4	Plus, bank stocks pacing for another solid week of gains as a rally in cyclical names helps
0:33.3	push the markets to record highs.
0:34.9	We're going to get some of the top picks in that sector.
0:37.1	And Lulu Lemon, higher in early trading as CEO Calvin McDonald announces his departure.
0:41.6	We'll talk about what it all means for shareholders.
0:44.0	Give you some of the backstory here after a big decline on the stock this year.
0:48.3	But first off, Carl, you know, we did have some consumer earnings and tariffs are still front and center.
0:53.1	And we did get some collar and commentary on how tariffs are still front and center and we did get some
0:54.2	color and commentary on how tariffs are impacting some of these consumer names
0:58.8	that just thought I would highlight as we try to figure out when the peak
1:01.7	impact of tariffs will be on inflation so from Costco's CFO you know
1:07.5	everyone feels it at the grocery store here's the commentary overall
1:10.7	inflation remained relatively consistent with recent quarters fresh and food FO. Everyone feels it at the grocery store. Here's the commentary. Overall inflation
1:11.2	remained relatively consistent with recent quarters. Fresh and food and sundries saw higher
1:16.4	inflation in commodities such as beef, seafood, and coffee. But this was offset by lower inflation
1:21.9	in eggs, cheese, butter, and produce. In non-foods, we saw low single-digit inflation for
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