SOTS 2nd Hour: 6/26/25

Squawk on the Street

CNBC

Investing, News, Business

4.1 • 567 Ratings

🗓️ 26 June 2025

⏱️ 43 minutes

🔗️ Recording | iTunes | RSS

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Summary

The second hour of CNBC’s "Squawk on the Street" with Carl Quintanilla and Sara Eisen is broadcast each weekday from the floor of the New York Stock Exchange, with the up-to-the-minute news investors need to know and interviews with the most influential CEOs and greatest market minds. Squawk on the Street Disclaimer

Transcript

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0:00.0	Good Thursday morning. Welcome to Squawk on the Street. I'm Sarah Eisen with David Faber today. We are live at post nine from the New York Stock Exchange. Carl has the morning off. Take a look at stocks.
0:09.5	Probably close to record highs here for the S&P 500. 6147 is the record high. I haven't hit it since February, so you can see we're just a few points away.
0:20.2	Higher today by almost half a percent every sector strong except for real estate
0:24.2	again lagging it lagged yesterday materials are one of the best performers today
0:29.2	along with communication services and technology which continues to just
0:32.5	fuel this record-setting rally the NASDAX up a half a percent you do have
0:37.2	some of the notable winners,
0:38.9	like a Netflix and a Palantir, continuing to push this market higher. As for Treasuries, better
0:44.7	jobless claims, better durable goods numbers. There's buying right now. The 10-year yield a little bit
0:50.1	lower, 4.267, 2 to your yield, 3.7%.
0:54.3	Ahead this hour, we're going to talk about NVIDIA's push to record highs with the CEO of
0:58.7	NVIDIA partner and AI Quantum Player Sandbox AQ.
1:02.9	Plus, Compass CEO Robert Refkin here to weigh in on the housing market and how New York's
1:07.9	mayoral race and the rise of Zoran Mamdani could impact real estate in the city.
1:13.3	First, so let's get some fresh housing data just crossing. Diana Oleg has that for us. Diana.
1:18.2	Well, David, pending home sales in May rose 1.8% from April and were 1.1% higher than May of last year,
1:25.6	that according to the realtors. This is a small beat. The street was actually looking for basically flat.
1:30.3	Now, this count is based on signed contracts, so people out shopping in May when mortgage rates were climbing and briefly went over 7% on the 30-year fits.
1:38.3	Regionally, sales were strongest month to month in the northeast and west. But compared with last year, sales were
1:45.0	down everywhere except in the South and Midwest. Midwest is the cheapest, of course. South
1:49.8	is where they have the most for sales. So, okay, why the tiny gain with rising rates in
1:54.5	overall sales? It's likely due to all more supply. There are 31.5% more homes for sale
	...

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