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Squawk on the Street

SOTS 2nd Hour: Apollo Chief Economist, Wall Street's Week Ahead, & Chipping Away at the Semis 4/27/26

Squawk on the Street

CNBC

News, Investing, Business

4.0566 Ratings

🗓️ 27 April 2026

⏱️ 43 minutes

🧾️ Download transcript

Summary

A busy week ahead - from data to key events and earnings... David Faber, Sara Eisen, and Michael Santoli kicked off the hour discussing what's top of mind for investors, before getting Apollo Chief Economist Torsten Slok's take. Plus: a big day for tech - from semis taking a breather after a historic rally to Musk vs. Altman kicking off in court... Hear one of the street's top semiconductor analysts breakdown his top picks - along with the latest from the ground from outside the courtroom in Oakland, California. Elsewhere this hour: new details from Washington on the Iran war - as peace talk hopes shrink, along with more on what we know about the suspected attacker at this weekend's White House Correspondents dinner. Squawk on the Street Disclaimer

Transcript

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0:00.0

Good Monday morning. Welcome to Squawk on the Street. I'm Sarah Eisen with David Faber and Mike Santoli.

0:04.8

We are live as always from post nine of the New York Stock Exchange. Carl Kintiniah has the morning off. Ahead this hour, Apollo's torsend sloc with us as Kevin Warsh's path to FedShare confirmation becomes more clear. Ahead of what is expected to be Jerome Powell's final meeting as chief. Plus, a high-stakes trial set to begin in California as Elon Musk's lawsuit against OpenAI

0:24.3

heads to court.

0:25.8

Also, more strength for the chips today, led by a search for Qualcomm as the SOX ETF rides

0:31.4

an 18-day win streak now.

0:33.2

We're going to talk to longtime analyst Stacey Razcon about how long this rally can last.

0:37.2

And then later

0:37.7

Can't Miss Interview with Bridgewater founder and billionaire investor Ray Dalio with his read on

0:43.9

the global risks and where to invest right now amid the war. But guys, we've got a big week

0:49.0

ahead when it comes to the economic data, when it comes to earnings, just a few highlights

0:54.0

of what we can expect this week.

0:56.0

So we'll get tomorrow the weekly ADP jobs report, which has become kind of an interesting high-frequency look at job growth.

1:02.7

Consumer confidence as well.

1:03.9

The big confirmation vote for Kevin Warsh on Wednesday, which now looks set to go through in time for the next Fed meeting, actually.

1:12.1

Remember, Chair Powell's term as Fed Chair ends on May 15th,

1:16.2

and now that Senator Tillis has said that he's on board.

1:20.6

It looks like he's going to get the votes.

1:22.1

The great decision from the Fed is on Thursday.

1:25.2

All eyes on what Fed Chair Powell says in what is likely to be his last meeting as Fed Chair.

1:30.1

They're not expected to do anything.

1:31.5

But how they characterize the prolonged sort of nature of this war and the higher oil prices

1:37.9

and whether that's a bigger risk to the jobs market, which they did emphasize in the minutes last time, or to inflation.

...

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