SOTS 2nd Hour: GDP Data Hits Stocks, Trump’s First 100 Days, and Key Earnings Movers 4/30/25

Squawk on the Street

CNBC

Business, Investing, News

4.1 • 567 Ratings

🗓️ 30 April 2025

⏱️ 43 minutes

🔗️ Recording | iTunes | RSS

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Summary

A huge morning for economic data: GDP, ADP, PCE, and some consumer reads – as stocks take a leg lower on GDP’s negative read. Carl Quintanilla, Sara Eisen, and David Faber discussed the latest and what it all means for the broader markets alongside Charles Schwab’s Chief Global Investment Strategist… In addition to fresh analysis across the hour on Trump’s first 100 days when it comes to the broader economy, energy, and tech regulation (Why former DOJ Assistant AG for Antitrust Jonathan Kanter says more deregulation is likely). Plus: a deep-dive on the biggest earnings movers of the day, from Starbucks to Humana – and the latest from D.C., as Alphabet’s CEO takes the stand in Google’s DOJ antitrust trial and key tech CEOs visit the hill for a security summit. Squawk on the Street Disclaimer

Transcript

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0:00.0	Good Wednesday morning and welcome back to Squawk on the Street. I'm Sarah Eisen with Carl
0:03.7	Continia and David Faber, live as always from post nine of the New York Stock Exchange.
0:07.6	Stocks are under pressure this morning. We do have some weaker data, which we'll talk about
0:11.7	GDP, ADP. We'll get PCE in a moment. The S&P 500 giving back 2 and a quarter percent after a string
0:19.0	of gains here. NASDAQ down 2.8 percent, so it's getting
0:22.2	hit hard. Take a look at treasuries as we await even more economic data on a data-heavy week
0:27.9	ahead of the Fed next week. And as we digest that negative GDP number, we'll show you what bonds
0:34.0	are doing in just a moment. But Dow's down about 714 points as we speak.
0:39.9	We're 30 minutes here into the trading session.
0:41.8	Here are three, there it is.
0:43.0	There's the Treasury.
0:43.8	I was going to show you that bonds are buying bonds.
0:46.7	Yields are lower except for on the long end.
0:48.8	Three big movers that we're watching.
0:50.0	Super micro shares plunging after issuing weak preliminary guidance as they point to, quote, delayed customer decisions.
0:56.6	Shares now nearly 75% off their all-time highs seen last March.
1:01.3	Number of consumer food and beverage names on the move after results out of Starbucks, Mondalys, Yumb brands, Newell brands, and more.
1:08.0	Starbucks is the biggest loser after an earnings and revenue miss, and results
1:12.0	out of two Dow components as well this morning. Caterpillar reports lower sales driven by
1:16.3	weak volumes and pricing, cat issuing two outlook scenarios, one with and one without tariff
1:22.4	impacts. Well, VISA beat estimates on quote resilient consumer spending. So some mixed messages there.
1:28.4	Big morning for economic data and even more crossing the tape.
	...

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