SOTS 2nd Hour: DC Plane Crash, Big Tech Earnings, RFK Jr. Day 2 1/30/25
Squawk on the Street
CNBC
4.1 • 567 Ratings
🗓️ 30 January 2025
⏱️ 48 minutes
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| 0:00.0 | It's a very strong morning. We're only about 30 points away from going positive for the week on the S&P. Dow's up 100. |
| 0:06.8 | It's a big morning on Capitol Hill as well. Robert F. Kennedy Jr. in the hot seat for day two of his confirmation hearings to become Secretary of Health and Human Services. |
| 0:15.1 | This time he is before Senate Health. Senate Intel holding a confirmation hearing for Tulsi Gabbard to be Director of National |
| 0:21.9 | Intelligence. And then Cash Patel will be before Senate Judiciary to be FBI director. We'll monitor |
| 0:28.1 | the hearings yesterday, of course, pretty spicy on the health front. We'll get your headlines as |
| 0:33.4 | they happen. Well, hearings, a lot of earnings and also some housing data that just crossed |
| 0:38.8 | the tape. Let's get Diana Oleg for that. Diana. Well, David, pending home sales, a huge miss in |
| 0:44.7 | December, down 5.5% from November and off 5% year over year. The street was looking for a small gain. |
| 0:50.8 | This drop after four straight months of gains pending home sales are counted by signed |
| 0:55.4 | contracts on existing homes, so the most current indicator of people out shopping in December, |
| 1:00.1 | and that's when mortgage rates shot over 7 percent again on the 30-year fix. No matter what |
| 1:04.5 | the realtors may say about a new normal in higher rates for consumers, that seven handle is an |
| 1:09.2 | emotional barrier. Sales fell in all regions |
| 1:11.9 | with the West and Northeast seeing the biggest drops. Those are, of course, where home prices |
| 1:15.7 | are highest. And a note on prices, we did see annual gains accelerate on the Case Schiller |
| 1:21.1 | Home Price Index released earlier this week. Back to you. Okay, thank you. Diana, let's get to that |
| 1:26.9 | tragic news that broke overnight. |
| 1:29.3 | The search and rescue mission, it's underway in the Potomac River after the collision between |
| 1:33.3 | an American Airlines jet and an Army helicopter. |
| 1:36.3 | Amon Jabbers at Reagan National Airport with the latest this hour. |
| 1:39.3 | So what have we learned, Amen? |
| 1:41.3 | Well, Sarah, we're now expecting to hear from President Trump at the White House across the river |
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