SOTS 2nd Hour: Insured Losses, Apollo's Chief Economist, & An AI CEO's New Warning 1/27/26

Squawk on the Street

CNBC

Business, News, Investing

4.1 • 567 Ratings

🗓️ 27 January 2026

⏱️ 43 minutes

🔗️ Recording | iTunes | RSS

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Summary

Carl Quintanilla, Sara Eisen, and David Faber kicked off the hour with a fresh debate around the latest trade headlines - before Apollo Chief Economist Torsten Slok broke down what it all means for stocks. At the bottom of the S&P? Health insurance stocks... sliding on a new medicare proposal out of the White House. Hear more from one analyst who says to buy the dip here. Also: a multitude of A.I. headlines - as one key CEO pens a fresh warning for humanity, Meta signs a new deal with Corning sending those shares surging, and investors eye Chinese competition (on the 1-year anniversary of the DeepSeek related sell-off). A.I. expert X. Eyeé joined the team with a deep-dive on all of it. 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. We are live as always from post nine of the New York Stock Exchange. Coming up on the show today, Apollo's torched in Slok with us as the Fed meeting gets underway and speculation swirls about when that new Fed
0:21.5	chair announcement could come. Plus, as President Trump threatens higher tariffs on South Korea,
0:26.5	we'll talk to the author of a study making the rounds on Wall Street bet and beyond that says
0:30.9	American buyers are bearing about 96% of the tariff costs. And health insurers are sinking
0:37.0	this morning as the Trump administration
0:38.5	proposes a flat rate increase for Medicare payments in 2027. We'll talk about whether that pullback
0:44.6	is a buying opportunity. First up, let's get some conference board with Rick Santelli. Good morning,
0:49.2	Rick. Good morning, Carl. Indeed. These are January consumer confidence. Remember, confidence, whether it's this data set or University of Michigan, really seem to have lost GPS with the equities. This is no exception. Headline expected to be over 90. Comes in at 84.5. That would be the weakest going all the way back to 2014. The bright spot, last month
1:15.0	we had a revision from 89-1 up to 94.2. Now, if we look at the present situation, 113.1.113.
1:25.7	That follows a big upward revision from 116 to 123, but it still represents the weakest
1:32.3	since Feb of 21.
1:34.3	And finally, expectations for what may lie ahead, 65.1.
1:38.3	That would be the weakest since April of last year, and in the rearview mirror another
1:43.3	positive revision from 70.7 to 74.6.
1:48.0	So very weak numbers, but very big revisions to our December numbers.
1:53.1	Richmond Fed for January on the manufacturing side comes in at minus six.
1:58.7	Minus six actually is the best number since it was minus four in October of last year.
2:05.3	Manufacturing not looking good in this series either.
2:07.8	Now let's switch gears to the service side.
2:10.0	Also comes in at minus six for its January read.
2:13.2	And that would be the weakest, well, since October when it was minus one.
2:18.7	So it's actually an improvement because the last two months have been significantly worse.
	...

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