SOTS 2nd Hour: Apollo’s “No Free Lunch” Warning, Tech Investor Dan Niles, & A Read On Luxury 7/25/25

Squawk on the Street

CNBC

News, Business, Investing

4.1 • 567 Ratings

🗓️ 25 July 2025

⏱️ 30 minutes

🔗️ Recording | iTunes | RSS

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Summary

The end of a huge week for earnings and record highs on the S&P: Carl Quintanilla, Sara Eisen, and David Faber reacted to breaking commentary from President Trump top of the hour, before getting Apollo Global Chief Economist Torsten Slok’s take… who’s warning of stagflation ahead tied to tariffs: arguing there’s “no free lunch”. Big Tech a key part of the recent rally – longtime investor Dan Niles broke down his top picks ahead of results next week from Apple, and why he sees clouds on the horizon come September. Plus: a number of individual stock movers… The team discussed what’s driving huge declines in shares of Charter and Sarepta, Volkswagen’s latest warning on tariffs – and what it means for the rest of the automakers, and new numbers out of one luxury retailer who’s down big on the year.

Transcript

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0:00.0	Market moving insight and analysis.
0:02.1	Join Jim Kramer, David Faber, and me, Carl Cantonia on the opening bell hour of CNBC Squawk on the Street.
0:08.5	You're listening to Squawk on the Street, the opening bell, in progress.
0:13.7	Welcome back, NASDAQ coming off another record close.
0:16.8	And Big Tech will be front center again next week.
0:18.8	Meta, Microsoft, Apple, Amazon, report quarterly results.
0:22.6	Niles Investment Manager,
0:24.0	founder, Dan Niles joins us now with his outlook.
0:27.2	It's good to see you, Dan.
0:28.3	So how would you be positioning, given we've seen such strong run-ups?
0:33.3	But now some good reports from the likes of Alphabet and others into next week.
0:39.0	Well, I mean, I think you're seeing it in the stock reactions where even if numbers are great, you might not have a lot of upside, right?
0:46.2	You saw that with Netflix, stocks down 5% the day after the report, it's down 2% since that.
0:52.0	And if you look at yesterday, I mean, I saw the Google numbers yesterday.
0:56.2	I mean, I was leaning positive coming into it.
0:58.8	I wrote about that.
1:00.3	And I thought the stock would be up 5% plus.
1:02.7	It was up just barely a percent.
1:04.5	Now you can say it had a 10 day, it was up 10 days in a row shortly before that.
1:09.8	But it's still not up that much year to
1:11.8	date.
1:12.8	And if you miss, and IBM didn't really miss, they just reiterated guidance.
	...

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