SOTS 2nd Hour: Data Deluge - Key Highlights & Market Implications, Biggest IPO Of The Year, and LIVE: Kraft Heinz' New CEO 12/16/25

Squawk on the Street

CNBC

News, Business, Investing

4.1 • 567 Ratings

🗓️ 16 December 2025

⏱️ 43 minutes

🔗️ Recording | iTunes | RSS

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Summary

Carl Quintanilla, Sara Eisen, and David Faber kicked off the hour talking jobs - with key pullouts and commentary from this morning's double report... Longtime market veteran Ed Yardeni weighed in on what it means for stocks into year-end, alongside JPMorgan Asset Management Chief Global Strategist David Kelly. Plus: Kraft Heinz announcing that former Kellanova CEO Steve Cahillane is becoming their new CEO ahead of their split... Cahillane joined the team to talk the news, the consumer, and more. Also in focus: details on the stealth IPO hitting markets tomorrow that could be the biggest of the year, what's driving Ford to reverse on EVs, and new numbers out of CNBC's latest All-America Survey when it comes to approval of the President... 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
0:10.1	Kintanilla and David Faber. We are live as always from post nine of the New York Stock Exchange.
0:14.4	Ahead this hour, market veteran Ed Yardinny and David Kelly join us to break down the flood
0:19.2	of data we got this morning and what it all means for your money.
0:22.9	Plus, crap times gets a new leader.
0:25.1	We'll talk to incoming CEO, Steve K. Helene, in a CNBC exclusive interview.
0:29.9	And two reads on EVs.
0:31.5	Tesla near record highs, while Ford shakes up its electric ambitions in a big way.
0:36.0	We've got the latest for you straight ahead.
0:38.2	A lot of catch up on the data front today. Got some more right now with Rick Santelli. Hi again, Rick.
0:43.0	Hi, Carl, business inventories. This is a September number. Expecting that number to increase by
0:48.6	one-tenth of a percent comes in up two-tenths, up two-tenths. Now, it's interesting. This is
0:53.9	the third reading of up two
0:55.6	tens in this data series. It equals where we were in June and Feb to find a higher number. You're
1:01.7	going to January, which was the high watermark of the year, up four tenths. We do see rather sticky
1:07.6	behavior on the long end hovering around that 416, 417 area, virtually on
1:13.7	chains. We see some buying in the short end pushing yields down, steepening the yield curve.
1:19.6	Sarah, back to you. Okay, thank you very much. Rick Santelli. Yeah, 10-year yield, a little bit lower.
1:25.9	Let's talk about the big jobs data that we got today. Overall, I think pointing to a softening trend in the labor market, but it wasn't so simple. There was a lot of confusion in the data. So here's what's going to get the most play of the unemployment rate. Because it did tick up to 4.6% in November from 4.4. Highest level now since going back to September 2021. You don't want
1:48.0	to see the unemployment rate go up. Now, part of the explanation here, though, is not all that
1:52.8	bad. The participation rate went up a little bit. So more people entering the labor force
1:57.8	drives that rate up, but it doesn't explain the full jump in the unemployment rate.
	...

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