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Squawk on the Street

SOTS 10AM: Palantir Pulls Back, Kostin’s Red Flag Warning, Ted Leonsis on the Enduring Power of Sports 11/4/25

Squawk on the Street

CNBC

Business, Investing, News

4.1567 Ratings

🗓️ 4 November 2025

⏱️ 42 minutes

🧾️ Download transcript

Summary

Stocks pulled back in early trading but came off the lows during the hour, as Palantir fell and volatility rose. Goldman Sachs Chief US Equity Strategist David Kostin joins with a red flag for the market that he’s seeing from earnings season. Seema Mody gives an update on Wall Street’s reaction to Palantir’s quarter, and harsh comments from CEO Alex Karp towards investors who are shorting his stock. Meantime the CEO of air taxi company and new IPO Beta Technologies joins ahead of the stock’s first trade. Plus Washington Capitals owner Ted Leonsis on the enduring power of sports ratings, and new developments in the bidding war for biotech company Metsera.

Transcript

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0:00.0

Good Tuesday morning and welcome back to Squawk on the Street. I'm Sarah Eisen with Carl Kintanilla and David Faber.

0:05.3

We are live at post nine of the New York Stock Exchange.

0:08.4

Stocks right now are under pressure. The S&P is down six-tenths of a percent. We've come back a little bit, but the NASDAQ is getting hit harder. It's down eight-tenths. two spots that are working, financials and real estate.

0:19.6

Everything else is lower.

0:21.5

We've got a lot of earnings to talk about,

0:22.9

but at the bottom of the pack today, you have energy, industrial. spots that are working financials and real estate everything else is lower

0:21.4

we've got a lot of earnings to talk about but at the bottom of the pack today

0:24.1

you have energy industrials and information technologies as for treasuries right

0:29.5

now we'll show you what's going on again we're data light here in the middle

0:32.9

of the shutdown but there's buying of safe haven treasuries and that's

0:35.8

pushing yields lower we've got the tenure now back below 4.1. That's where it ran up to after Powell last week. So that's reversing.

0:43.8

Today, Goldman Sachs, Chief U.S. equity strategist, David Koston will join us with his take on this

0:48.5

renewed volatility and the one potential red flag for the market from earnings season so far.

0:59.0

And then speaking of earnings, Palantir getting slammed this morning, despite strong results across the board. We'll take a look at what's driving the move. It's down almost 7%.

1:02.0

And then a titan in the sports world, we will be joined by Ted Leonzes, the owner of the Washington Capitals, Wizards, Mystics,

1:09.0

says team valuations keep rising,

1:11.8

and ratings hold strong.

1:13.9

But guys, since we don't have the official data,

1:16.2

what we do have, we are blessed with a ton of earnings

1:19.8

and from all different kinds of sectors.

1:21.5

So I pulled out some key quotes about what companies and CEOs

1:24.9

are telling us about the consumer right now,

...

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