SOTS 2nd Hour: A Jenga-Tower Economy? Buffett's Alpha-bet, & Goldman's Small Cap Picks 11/17/25

Squawk on the Street

CNBC

Business, News, Investing

4.1 • 567 Ratings

🗓️ 17 November 2025

⏱️ 40 minutes

🔗️ Recording | iTunes | RSS

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Summary

Carl Quintanilla, Sara Eisen, and David Faber kicked off the hour with fresh economic data and a look at the big week ahead for Wall Street - before getting into whether we're in a "Jenga Tower" economy with one market strategist arguing yes. Plus: Berkshire Hathaway out with a big bet on Google... The details, this hour. And is it time to take a look at the smallcaps? Hear one Goldman portfolio manager's top picks for what's been a volatile trade this month. Also in focus: the bitcoin breakdown - as prices struggle to hold onto gains for the year... And what you need to know about the FAA's rollback of flight restrictions, starting today.

Transcript

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0:00.0	Good Monday morning again. Welcome back to Squawk on the Street. I'm Sarah Eisen with Carl Kintanian,
0:04.2	David Faber. We are live from post nine of the New York Stock Exchange. Coming up this hour,
0:08.6	Bitcoin touching its lowest level in months, firmly below $100,000. We'll talk about what's
0:14.1	driving some crypto investors to the exits. Plus, should you follow the so-called smart money?
0:20.5	We'll break down Warren Buffett's new bet on Alphabet,
0:22.6	moving that stock higher in early trading,
0:24.8	and big volatility for the small caps.
0:26.7	The group coming off a downbeat week,
0:28.2	but Goldman Sachs says there are attractive opportunities.
0:31.2	We'll talk to the firm's small-cap portfolio manager
0:33.3	about top picks here into year-end.
0:35.9	Government data is back.
0:37.4	Let's get to Rick Santelli.
0:38.7	Morning, Rick.
0:40.1	Good morning and holy cow.
0:42.3	We actually have some data here.
0:44.3	Construction spending.
0:45.5	This is an August number.
0:46.9	It was supposed to be released on October 1st.
0:50.2	The number was supposed to be released two weeks ago, but nonetheless, up two tenths of a percent
0:56.0	is our August read, and last month, which in this case was July, was upgraded also to up
1:03.1	two tens from minus one tenth. These two readings are tied for the best readings of the year.
	...

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