SOTS 2nd Hour: A Divided FOMC, Rates & Real Estate, Plus: Lyft CEO Talks Waymo Deal 9/17/25

Squawk on the Street

CNBC

Investing, Business, News

4.1 • 567 Ratings

🗓️ 17 September 2025

⏱️ 42 minutes

🔗️ Recording | iTunes | RSS

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Summary

A Fed rate decision just hours away: Get ready with David Faber and Sara Eisen this hour, along with former Fed economist & creator of the "Sahm" rule Claudia Sahm. To kick things off: the team looked at where things stand on consumer rates - and current FOMC members - before jumping into the market impact. Housing also a key focus as the rate on a 30-year mortgage hits multi-year lows... Walker & Dunlop Chairman Willy Walker came to Post 9 with his read on what could come next. Also in focus: a series of individual stock stories on the day.... Hear from the CEO of Lyft, as shares surge double digits on a new Waymo partnership. Plus: a wide-ranging discussion with former SEC Chair Gary Gensler - spanning crypto to the President's new push to end quarterly results. Squawk on the Street Disclaimer

Transcript

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0:00.0	Good Wednesday morning. Welcome to Squawk on the Street. I'm Sarah Eiffin with David Faber. We are live from post nine of the New York Stock Exchange. Carl Condinia has the morning off.
0:14.3	Happy Fed Day. Take a look at stocks as we kick off the morning unchanged, waiting on the big event later this afternoon. That would be the Fed,
0:22.4	the Daplot, the press conference, and a rate cut, which is baked in by the market. The NASDAQ,
0:28.2	it's down about a third of 1% and the Dow is slightly higher. If you look beneath the hood,
0:33.2	consumer staples, utilities, and financials are your best performing sectors. Information,
0:37.1	technology, consumer discretionary, and communication services are lacking. As for treasuries into the Fed meeting, we've had this 10-year yield just hovering right around the 4% level. That's where we sit this morning. There is some selling at the short end with a two-year at 3.5. We've got a great lineup ahead of today's decision. We will talk to former Fed economist Claudia Somm.
0:56.0	You may know her from the SOM rule, which she created, about why the market might be disappointed by Powell's messaging today.
1:02.0	Plus, real estate titan Willie Walker will be with us to talk about the impact of lower rates on his business.
1:08.2	And then also, Ed, the CEO of Lyft joins us first on CNBC as the stock jumps sharply.
1:14.7	Look at this move of 14% on this new partnership with autonomous driving company, Waymo.
1:19.9	But let's start on the Fed. Every Fed day.
1:21.8	Really starting on the Fed? I'm shocked.
1:24.0	Actually, you know what? Let's start with some news. Not on the Fed.
1:26.6	I have some news for you. It's on a new position, a personnel change. So empty position,
1:33.3	the number two role at the IMF, it's going to be filled, I'm told, according to sources,
1:37.3	by the chief of staff to Secretary Bessent from the Treasury. That would be Dan Katz.
1:42.3	He's emerged as a trusted confidant on especially
1:45.8	international issues, and he is going to go to the IMF. I'm told the IMF is going to make
1:50.7	a decision in the coming days on this. It's important, David, because this is the senior
1:54.7	most position a U.S. official can hold at the IMF, according to the Bretton Woods Agreement,
2:00.6	right? Cristolina Gorghava is the European. It according to the Bretton Woods Agreement, right?
2:02.8	Kristina Gorgeva is the European.
	...

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