SOTS 2nd Hour: Alphabet's AI Plans, Dick's Sporting Goods Exec. Chairman, & AeroMexico CEO Talks Demand 11/25/25

Squawk on the Street

CNBC

Business, News, Investing

4.1 • 567 Ratings

🗓️ 25 November 2025

⏱️ 43 minutes

🔗️ Recording | iTunes | RSS

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Summary

Carl Quintanilla, Sara Eisen, and David Faber began the hour with fresh data and earnings commentary around the health of the consumer - before diving into the AI trade with a focus on Google. Hear one AI expert's take on the state of play - and who's winning the war so far. Plus: the Executive Chairman of Dick's Sporting Goods joined the team to breakdown earnings from the name - and a decision to close some Footlocker stores. Also in focus: the TSA projecting a record breaking Thanksgiving travel week - the team sat down with the CEO of newly listed AeroMexico to talk demand, along with any possible shutdown hangover for the airlines. Squawk on the Street Disclaimer

Transcript

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0:00.0	Good Tuesday morning. Welcome to Squawk on the Street. I'm Sarah Eisen with Carl
0:10.4	Kintanian and David Faber. We are live from post nine of the New York Stock Exchange.
0:14.2	Coming up this hour, the changing leadership in the AI race. We'll talk about Alphabet's latest
0:19.0	moves, how they're impacting Nvidia, Meta META, and potentially the entire market.
0:23.9	Plus, the latest read on retail in a crucial week for the space, as Dick's sporting
0:27.9	goods reports results.
0:29.1	We'll talk to executive chairman Ed Stack with the stock lower despite AAB.
0:34.4	Speaking of retail, consumer confidence data just crossing now, let's get to Rick Santelli
0:40.1	on that.
0:40.5	Hey, Rick.
0:41.9	Yes, these are November numbers.
0:43.8	On the headline, we're expecting a number right around 93.
0:47.3	Big miss here.
0:48.6	88.7, the weakest since April, liberation month.
0:53.1	And if we look in the rearview mirror, there is something.
0:56.2	We do see an upgrade of last month from 94-6 to 95.5. On the present situation, 126.9, another
1:05.9	miss, although a positive revision, 129 to 131. 126.9 the weakest since March of 21.
1:14.4	And on the expectations, what may lie ahead?
1:17.6	Also light, 63.2, that would be the lightest since April of this year.
1:22.8	And once again, in the rearview mirror, another positive revision, a subtle one.
1:27.5	71.5 to 71.8.
1:30.2	All three are misses for November, but last month upgraded a bit.
	...

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