SOTS 2nd Hour: Goldman's Chief U.S. Economist, Ford Takeaways, & New Consumer Data 10/24/25

Squawk on the Street

CNBC

Business, Investing, News

4.1 • 567 Ratings

🗓️ 24 October 2025

⏱️ 45 minutes

🔗️ Recording | iTunes | RSS

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Summary

Leslie Picker, Carl Quintanilla, and Michael Santoli kicked off the hour with new consumer data and the latest on the trade front out of Washington - before breaking down this morning's cooler-than-expected inflation report with Goldman's Chief U.S. Economist, and Bespoke's Paul Hickey. Plus: get the read out from Ford earnings with former CEO Mark Fields - and a deep-dive on JPMorgan's latest move into the crypto space. Also in focus: a check in on the AI complex... AI data center start-up Crusoe just raising new money at a $10B+ valuation - with backers including Nvidia and Salesforce. Crusoe's CEO joined the team at Post 9 to talk the news, and whether this massive domestic investment in data centers will really pay off. Squawk on the Street Disclaimer

Transcript

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0:00.0	Good morning. Welcome to Squawk on the Street. I'm Carl Kintaner with Leslie Picker, Michael Santoli,
0:10.5	at post nine of the New York Stock Exchange. Sarah Eisen is the morning off, and Faber is on assignment.
0:15.5	Record highs for the Dow, NASDAQ, and S&P this morning. A CPI comes in a 10th light, although headline year-on-year is about an eight-month high,
0:25.2	and yields have resumed their small climb higher, 10 years back above four.
0:29.8	Today, Goldman's Chief U.S. economist, David Miracles, with us, talk about this new clarity
0:33.4	on the economy, even as the shutdown goes into day 24.
0:37.2	Ford's on the move, higher after an earnings
0:39.2	beat, but that supplier fire is hitting guidance for the full year. Former CEO Mark Fields will be
0:44.5	with us to discuss. And AI data center startup, Crusoe, just raising new money at a $10 billion
0:50.2	valuation with backers, including Nvidia and CRM. We'll talk to
0:54.2	the CEO about his plans to disrupt
0:55.8	the AI ecosystem. But first
0:58.0	consumer sentiment data just crossing
0:59.9	the tape, Rick Santelli, has that for us. Hey, Rick.
1:03.0	Hi, Leslie. Indeed,
1:04.5	just crossing the tape.
1:05.9	These are October final reads
1:07.8	to replace the mid-month read, and
1:10.0	the mid-month read of 55 deteriorates to 53.6.
1:15.3	53.6 that would be the weakest level going back to May of this year. If we look at the current conditions from 61 mid-month to 58.6,
1:26.6	58.6 will be the weakest going back to,
1:30.3	you're going all the way back to July of 22, July of 22 on expectation.
	...

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