SOTS 2nd Hour: Goldman’s Chief U.S. Economist, Potential Powell Picks, & The Quantum Computing Breakdown 8/13/25

Squawk on the Street

CNBC

Investing, News, Business

4.1 • 567 Ratings

🗓️ 13 August 2025

⏱️ 42 minutes

🔗️ Recording | iTunes | RSS

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Summary

Stocks hitting more record highs: Sara Eisen, David Faber, and Carl Quintanilla discussed the latest on the markets front with Goldman’s Chief U.S. Economist… Along with his response to the President’s recent post railing against the company and his team’s report on tariff costs. Plus: some surprising new names being floated as potential replacements for Fed Chair Powell – hear who they are this hour - along with a deep-dive on the legal landscape for big tech with a former commissioner at the FTC (as AI start-up Perplexity makes a big for Google’s Chrome Browser, and Elon Musk threatens to sue Apple over antitrust concerns). Also in focus: a series of key names on the move… The team discussed Cava and Coreweave’s double-digit declines, Paramount-Skydance shares surging on little news, and what to expect from a new entrant at the New York Stock Exchange – Crypto exchange ‘Bullish’, set to trade under the ticker BLSH. Plus, hear from the CEO of quantum computing darling ‘Rigetti Computing’ – whose shares are up nearly *1,700%* over the last year. 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 Continia and David Faber, live, as always, from post-9 of the New York Stock Exchange. Record highs. S&Ps up another 4-tenths of 1%. Nasek also zooming, 3-tenths of 1%. It's actually health care that's leading the market. Again, consumer discretionary. So we're seeing this good breath, broadening out of the market rally as we
0:22.1	continue to see this melt up. Materials and financials, energy, technology, all playing a role
0:26.8	in two days rally. It looks like every sector is higher right now. Take a look at Treasuries.
0:31.9	It's kind of a light day to day. Tomorrow's PPI. Then we'll get retail sales and University of
0:36.1	Michigan confidence on Friday.
0:38.0	The 10-year yield a little bit lower, 4.238%.
0:41.4	The two-year yield also lower 3.6%.
0:44.2	Coming up this hour, as President Trump rails against Goldman Sachs,
0:48.0	we'll talk to the firm's chief U.S. economist about tariffs, inflation, the criticism from the White House.
0:53.7	Plus, we will be joined by the CEO of Righetti, computing, quantum play.
0:57.8	That's up nearly 2,000 percent just in the past year as that company reports earnings.
1:03.2	And some surprising new names being floated as potential replacements for Fed Chair Powell.
1:07.9	Details on the latest nominees in just a moment.
1:11.2	Guys, we're trying to figure out what's going on with the consumer and what business is saying
1:14.9	and what signals we're getting from business right now about demand and where the economy
1:20.0	is headed.
1:20.9	I just noted on Kava.
1:22.9	So Kava's down sharply today.
1:25.0	They didn't see great same store sales. They saw flat traffic.
1:29.7	But they're not blaming it on inflation and a weak consumer. Listen to what the CEO is saying about it.
1:36.6	We haven't seen inflationary pressures to date. Got to give a shout out to our supply chain team.
1:40.8	They've been incredibly agile, really mitigating any cost pressures to pass
	...

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