SOTS 2nd Hour: ECB President Lagarde, Banks Breakdown, & ETSY CEO Talks AI 10/14/25

Squawk on the Street

CNBC

News, Business, Investing

4.1 • 567 Ratings

🗓️ 14 October 2025

⏱️ 42 minutes

🔗️ Recording | iTunes | RSS

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Summary

U.S. markets under pressure as China strikes back with new sanctions: Carl Quintanilla, David Faber, and Sara Eisen - who's live from DC this hour - discussed the latest reads on the economy through the lens of new small business data and key bank earnings commentary before discussing how to play results from the group with one of the street's top analysts. Plus: European Central Bank President Christine Lagarde joined Sara for a deep dive.... spanning trade tensions to the global growth outlook, before the team also checked in on New York City's economy with one of the city's largest commercial real estate operators and owners (RXR's Scott Rechler). Also in focus: ETSY moving from the NASDAQ to the NYSE and ringing the opening bell today - their CEO joined the team at Post 9 to talk that news, along with how they're using AI to transform the business.

Transcript

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0:00.0	Good Tuesday morning. Welcome to Squawk on the Street. I'm Carl Kintania with David Faber here at Post 9 of the New York Stock Exchange.
0:05.5	Sarah Eisen is alive in D.C. will bring us an interview later this hour with European Central Bank President Lagarde.
0:11.2	Busy morning for Sarah in our nation's capital. Meanwhile, some weakness giving back almost all of Monday's bounce.
0:18.0	Dow's down 400. Goldman taking about 200 points out of the Dow this morning.
0:22.6	You can see the tenure back to 404, although off of the morning lows. Bank earnings this morning
0:27.6	showing some investment bankings back. We're going to drill down in some of those key reports.
0:31.7	A new report says the Manhattan office market is coming back. We'll talk to one of New York City's
0:36.1	largest real estate owners about
0:37.8	what he's seeing. And then there's Etsy, moving its listing here to the NYSE today. The CEO,
0:42.4	Josh Silverman, is going to join us, talk about the move and how it's incorporating AI into its
0:47.8	business. Sarah, what's going on in D.C.? Well, what's going on in D.C. is we're having all the
0:52.8	conversations that investors are having
0:54.6	right now about the economy and the outlook. You'll hear from ECB president, Christine Lagarde.
0:59.9	You'll hear from the U.S. trade rep, Jameson Greer. Ambassador Greer with me in the next hour
1:04.7	as China, U.S. tit-for-tat trade concerns take center stage again in the market right now.
1:10.7	But guys, I wanted to highlight the data point of the day.
1:13.6	We're lacking economic data in this government shutdown here in D.C.
1:16.6	Because that's not happening here.
1:18.6	But we did get NFIB, the National Federation of Small Businesses.
1:23.6	Basically, they give their optimism, pessimism report.
1:25.6	And it was a step back. It actually saw a
1:29.0	decline for the month of September, the optimism index overall for small business. But you can see on
	...

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