SOTS 2nd Hour: Government Shutdown Impacts, A Read on the AI Trade, & LIVE: Tonight Show's Jimmy Fallon 9/30/25

Squawk on the Street

CNBC

Investing, Business, News

4.1 • 567 Ratings

🗓️ 30 September 2025

⏱️ 42 minutes

🔗️ Recording | iTunes | RSS

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Summary

A possible government shutdown less than 24 hours away: Carl Quintanilla, Sara Eisen, and David Faber broke down fresh consumer data top of the hour in addition to the movers you should know as the quarter comes to a close. Bespoke's Paul Hickey joined Post 9 with his bull and bear case for the economy - before the team checked in with former Trump Administration insider & Chief of Staff to VP Mike Pence Marc Short about what comes next in Washington. Plus: the AI trade in full swing today - catch a recap of the news sending Coreweave shares surging, and whether there's more room to run when it comes to AI demand with the CEO of an Nvidia challenger that just raised $1.1B - at a more than $8B valuation. Also this hour: a conversation with Tonight Show Host Jimmy Fallon - ahead of the premiere tonight of his new reality TV competition show "On Brand" at 8PM Eastern. Squawk on the Street Disclaimer

Transcript

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0:00.0	Good Tuesday morning. Welcome to Squawk on the Street. I'm Sarah Eisen with Carl Kintania and David Faber.
0:05.2	We are live as always from Post 9 at the New York Stock Exchange. Take a look at stocks this morning.
0:09.9	We're under a little bit of pressure, although not really. The S&P 500 is unchanged, masking some of the strength beneath the surface core we, for instance, popping double digits on this meta deal.
0:20.1	The Dow is up about 59 points.
0:22.6	We are waiting the job openings report any minute now. Let's take a look at how treasuries are
0:27.3	faring ahead of that, as it looks increasingly likely we're barreling toward this government shutdown.
0:32.5	Tenure yield, 4.1 percent. So some buying of treasuries. That's been a trend so far this week. Coming up this hour,
0:39.4	countdown to the shutdown. We'll talk to former Trump administration official Mark Short about the
0:43.4	wide-ranging impacts of a government stoppage, how long it could last. Plus, Nvidia competitor,
0:49.9	Cerebra Systems, just raising more than a billion dollars in new funding at an $8.1 billion valuation.
0:56.6	We'll talk to the company CEO in a first on CNBC interview.
1:00.4	Also, I had Jimmy Fallon with us ahead of tonight's launch of his new business competition show on brand with Jimmy Fallon.
1:08.2	Lots to talk about with the late night host.
1:10.0	But for now, Carl, technology
1:11.6	health care materials, only sectors green. Comference board and Joltz on the tape as well. Let's
1:16.1	get to Rick Santelli again. Hey, Rick. Yes, I'm Joltz. This is an August read. Opening's
1:21.6	expected to be right around 7.2 million. A little bit extra horsepower, 7,227,000. That'll be the best number since
1:31.0	well just June. But in the rearview mirror, a nice upward revision. Last month originally
1:36.6	reported, 7,181 becomes 7,0028, and it's significant because that now changes the dynamics.
1:47.0	That would have been last month, July, the weakest of the year. Moving it to 7,008 makes it the second weakest.
1:51.0	The big number month now is March at 7,200,000, the lowest job openings of the year.
1:58.0	If you look at conference board, these are September confidence numbers,
	...

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