SOTS 2nd Hour: DC Tariffs Latest, Alphabet Results Breakdown, and A Fresh Read On The Consumer 4/25/25

Squawk on the Street

CNBC

Business, Investing, News

4.1 • 567 Ratings

🗓️ 25 April 2025

⏱️ 44 minutes

🔗️ Recording | iTunes | RSS

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Summary

New comments from President Trump on potential tariff deals top of the hour – Carl Quintanilla, Sara Eisen, and David Faber broke down the latest from DC as a slew of companies warn of growing impacts and pull guidance. Alphabet’s better-than-feared results helping fuel gains for AI-related names as the Nasdaq leads the charge for yet another day – why Truist says buy the stock here. Plus: a breakdown of the semis, including Intel’s guidance cut and more with Trivariate’s Adam Parker who says the sector is primed for a rebound… And also: a deep-dive on the numbers sending T-Mobile shares sliding. Other stories: Financials one of the worst performing sectors on the month – more on one part of the group that’s seeing gains; plus, fresh data on how the wealthy consumer is holding up, along with consumer confidence data to start the hour. Squawk on the Street Disclaimer

Transcript

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0:00.0	It's Jim Kramer here. You're listening to the opening bell of CBC Squawk on the Street.
0:04.7	Don't miss a minute of the action.
0:15.4	Good Friday morning. Welcome to Squawk on the Street. I'm Carl Kington here with Sarah Eisen, David
0:19.3	Favre, live at Post 9 of the New York Stock Exchange.
0:21.5	Trying to close out the week on a strong note, although for the month of April, market's definitely testing the top of the range, although the Dow right now down about 200 points. 30 minutes into the trading session, some of the stories we're watching this morning. a Google parent alphabet, a top gainer after beating estimates. Overall revenue up 12% from a year ago,
0:38.6	thanks to strengthen search at YouTube ad sales.
0:41.0	More on that in a moment.
0:42.2	Intel going in the opposite direction.
0:43.9	We guidance hitting shares as their new CEO warns, quote, there are no quick fixes here.
0:48.8	Number of consumer names on the move after results out of names like Colgate, Skechers, Auto Nation, Boston Beer, and more.
0:55.9	We do have some economic data crossing the tape. Rick Santelli has it for us. Morning, Rick.
1:01.2	Good morning, Sarah. Indeed. Remember, University of Michigan has been on a wild ride. These numbers
1:06.9	have been very large, especially on inflation. So this April final read is going to be
1:12.0	important to pay attention to. Mid-month read was 50.8. And that, by the way, was the lowest
1:19.7	reading I have going back to 1977, but it moved up to 52.2. So a bit of an improvement,
1:29.8	that's now the weakest since July of 22.
1:36.0	If we look at current conditions, it moved up rather dramatically from 56.5.
1:42.2	And that was basically the lowest level since 77 as well.
1:45.2	And it moved up to 59.8.
1:54.4	47.3 on expectations, it moved up the smallest amount from 47.2 to 47.3, and that still remains at the lowest level since April of 80. Now, excuse me, at the highest level since April of 80 and if we could lowest levels
2:03.8	I'm thinking of inflation here because I'm looking at these numbers coming up 6.5 morphs from 6.7
2:10.2	and 4.4 remains on the 5 to 10 year so even though we came down a bit on one year inflation
	...

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