SOTS 2nd Hour: Intel’s Bargaining Chip, Buffett Boosts UnitedHealth, & Janus Henderson’s Top Tech Picks 8/15/25

Squawk on the Street

CNBC

Investing, News, Business

4.1 • 567 Ratings

🗓️ 15 August 2025

⏱️ 44 minutes

🔗️ Recording | iTunes | RSS

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Summary

The Dow hitting a new all-time high alongside the S&P as United Health gives things a boost: Carl Quintanilla, Leslie Picker, and Michael Santoli broke down latest along with fresh data top of the hour (Consumer Sentiment – coming in at its lowest level since May) before getting into the market outlook with the head of investment strategy for Edward Jones. Plus: hear Janus Henderson’s top picks amid the volatility – with one portfolio manager laying out why he likes Amazon and Microsoft at these levels. The team also dove deep into Berkshire’s biggest moves this quarter – including the United Health buy sending shares up double digits – along with some key sales from Coreweave’s early investors, as the post-IPO lock-up on shares finally expires today. Also in focus: DC headlines galore – hear what to do with Intel shares as they gain on a report that the government is looking at taking a stake in the name this hour – along with the key details so far from “high stakes” summit between President Trump and Russian President Vladimir Putin in Alaska today.

Transcript

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0:00.0	Good Friday morning. Welcome to Squawk in the Street. I'm Carl Kintanio with Leslie Picker,
0:09.0	Mike Santoli here at Post 9 to the New York Stock Exchange. David and Sarah have the morning off.
0:13.0	Busy Friday morning between some macro data, a bunch of corporate stories. Watch markets, though,
0:18.0	got an all-time high on the S&P and actually the Dow, thanks to UNH, which we're going to talk about a little bit later. Treasuries, meantime, relatively well-behaved, just south of 4-3, although maybe closer to the range of the past five days or so. Coming up today, the Buffett Bounce, the Oracle of Omaha's move into UNH, sending shares soaring today. We'll get more on how Berkshire and its portfolio is shaping up.
0:40.3	And a government backstop for Intel, this new report says the U.S. government is looking at taking a stake in the chip maker.
0:46.3	But we have someone who says it would help the company's cash problem, but it's not a tech problem, he'll explain.
0:51.3	And then running for the exits, more on why shares of
0:54.6	core weave got crushed yesterday, although getting a slight bump this morning up a little more
0:59.2	than 1%. But first, breaking economic data just crossing, Rick Santelli has that for us. Hey, Rick.
1:06.5	Yes, let's start out with University of Michigan sentiment. Now, these are August preliminary
1:10.7	numbers, so they'll change in a couple weeks. I'll tell you right off the bat, let's start out with University of Michigan sentiment. Now, these are August preliminary numbers, so they'll change in a couple weeks.
1:13.2	I'll tell you right off the bat, they're sequentially lower.
1:16.2	We're expecting a headline number around 62.
1:19.3	Our last final month read was 61.7, 58.6.
1:24.9	58.6, that's the weakest since May when it was 52.2 and April when it was 52.2. Now, if we look at
1:33.3	current conditions, 60.9. Our last look was 68. 60.9, also the weakest since May. You remember,
1:43.1	April May had some very low reads. These are surveys.
1:46.1	They get affected by a lot of things. Now, if we look at expectations what lies ahead,
1:51.0	this is the closest to the rearview mirror. 57.2. 57.7.7 was our last month, July, final read,
1:59.1	and we were expecting the number around 58 and change.
2:02.2	57.2, that would be the weakest also since May when it was well below that at 47.9.
2:09.0	Maybe the most important aspect of these is the inflation numbers.
	...

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