SOTS 2nd Hour: Fed Decision Day, “Too Late” Powell, & Israel-Iran Latest 6/18/25

Squawk on the Street

CNBC

Investing, News, Business

4.1 • 567 Ratings

🗓️ 18 June 2025

⏱️ 46 minutes

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Summary

It’s officially Fed Decision Day: Carl Quintanilla, Sara Eisen, and David Faber discussed the latest on the markets front as investors await a decision – and press conference later on – from Fed Chair Powell. President Trump talking to reporters about the man at the top of the hour: arguing the Fed needs to cut rates here and calling him “Too Late” Powell… Evercore Vice Chair Krishna Guha – along with Former Fed Vice Chair Alan Blinder – joined the team with their predictions on the Fed’s next move here. Also in focus: escalating tensions in the Middle East still top of mind for investors – Why the President Emeritus of the Council on Foreign Relations says a regime change in Iran is a wish, not a strategy… Plus: the latest out of Washington when it comes to a new crypto bill just passed by the Senate. Squawk on the Street Disclaimer

Transcript

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0:00.0	Good Wednesday morning. Welcome to Squawk on the Street. I'm Sarah Eisen with Carl Cantania and David Faber,
0:05.1	live as always from post nine of the New York Stock Exchange. Stocks building toward the highs of the
0:10.2	morning here in the early trading action. The S&B 500 up three-tenths of a percent. Consumer
0:14.9	discretionary stocks are actually leading this morning. Three sectors lower and they're all
0:19.4	defensive. Healthcare, real estate and utilities, everybody else is higher. And so we are now firmly up for the week.
0:25.6	The NASDAQ outperforming for the week and for today. It's up about a quarter of 1% right now.
0:32.0	Treasuries ahead of the Fed. Take a look. Got some better jobless claims numbers today. The 10-year yield is a little bit lower. 4.36 right now. The two-year yield, that's the Fed. Take a look. Got some better jobless claims numbers today. The 10-year yield is a little bit lower.
0:38.8	4.36 right now. The two-year yield, that's the one that's rate-sensitive toward the Fed. It is just below 4%.
0:44.9	So there's buying today. We are counting you down to the latest interest rate decision and Fed Chair Powell's
0:50.1	conference, his news conference. We're going to get you ready with Everport, Krishna Guha and former Fed Vice Chair Alan Blander. Also, President Trump, just speaking about the Fed
0:59.6	chair, what he'd like to see moments ago. Have a look.
1:04.6	Reappointed him. I don't know why that is, but I guess maybe he was a Democrat. You know,
1:09.0	I got great advice from Renutin on this one, great advice.
1:13.3	But he's done a poor job.
1:15.8	So we have no inflation.
1:17.4	We have only success.
1:19.3	And I'd like to see interest rates get down.
1:21.2	Now, Biden did a lot of very short-term debt.
1:24.9	So we have short-term debt coming to.
1:27.1	And because of this guy's
1:28.9	rates, you know, if he'd lower the point, I'd pay about a point less. Then if it'd lower
1:33.7	two points, I'd pay about two points less. And that's for 10 years, 12 years, 15 years, five
	...

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