SOTS 2nd Hour: Eggflation, CNBC NBA Rankings, and DOGE’s Cybersecurity Tailwinds? 02/14/25

Squawk on the Street

CNBC

News, Business, Investing

4.1 • 567 Ratings

🗓️ 14 February 2025

⏱️ 43 minutes

🔗️ Recording | iTunes | RSS

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Summary

Carl Quintanilla, Leslie Picker, and Michael Santoli discussed the latest for stocks after Trump’s announcement of reciprocal tariffs across the globe, and why Musk’s Department of Efficiency could be a boon for cybersecurity stocks in particular. Also a busy morning for movers within the hour: the team broke down Apple’s new product event announcement with an analyst who calls the stock a buy here. Plus, reports overnight that ARM is making its own chips – why it could upend the semiconductor industry. Also in focus: Morgan Stanley’s new pay package for CEO Ted Pick; why Coinbase CEO Brian Armstrong says crypto is entering a “new era”; Hermes beats a luxury slowdown; and CNBC’s exclusive NBA valuations for 2025 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.
0:13.0	Good Friday morning. Welcome to another hour of squawk on the street. I'm Carl Cantona with Leslie
0:17.2	Picker, Michael Santoli here at Post 9 of the New York Stock Exchange. David Fab Faber, Sarah Eisen have the morning off. Market kind of keeping the cards close to the vest on this Friday. Dow is virtually unchanged. S&P is still hanging on to a gain for the week of more than a percent, but a lot of things in flux ahead of a long holiday weekend. And we're 30 minutes into the trading session. Here are three big movers we're watching this morning.
0:39.3	Big Tack in Focus.
0:40.5	Meta coming off 19.
0:42.8	Actually, no, there it goes.
0:44.0	It's positive of about 0.3%.
0:46.7	It had had 19 straight days of gains,
0:50.1	which was the longest daily wind streak
0:52.2	for any stock in the S&P 500 since 2000.
0:55.9	So I believe this would be the 20th there.
0:58.4	Airbnb a top gainer beating estimates on the top and bottom line with nights and experiences
1:02.6	booked rising 12% from a year ago.
1:04.9	Also topping expectation that stock up about 14%.
1:09.0	And applied materials under pressure, revenue guidance came in below
1:12.1	estimates. It said it expects escalating geopolitical tensions to weigh on sales of its chipmaking
1:17.3	equipment. And for context, China represents the company's largest market share by revenue
1:23.1	AMAT down more than 5% at this hour. Got some more economic data just crossing the tape.
1:30.0	Rick Santelli has it for us.
1:31.6	Hey, Rick.
1:32.9	Yes, Mike, indeed.
	...

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