SOTS 2nd Hour: Intel’s Lifeline, The Retail Wrap-up, & LIVE: Palo Alto CEO 8/19/25

Squawk on the Street

CNBC

Investing, News, Business

4.1 • 567 Ratings

🗓️ 19 August 2025

⏱️ 41 minutes

🔗️ Recording | iTunes | RSS

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Summary

Carl Quintanilla, Sara Eisen, and David Faber broke down the latest consumer reads out of earnings – as Home Depot kicks off a make-or-break week of retail results. Executives calling out strong momentum… But former Chief Investment Strategist for Bridgewater Rebecca Patterson says demand risks remain, breaking down her playbook for volatility. Plus: one of the street’s top retail analysts gave his key stocks to buy – and avoid – in the space… and the CEO of Palo Alto Networks joined the team to discuss new numbers from his company. Also in focus: Intel gaining as Softbank invests $2 billion and reports grow around a possible government stake – what Commerce Secretary Howard Lutnick told the team about that news, and possible rails M&A.

Transcript

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0:00.0	Good Tuesday morning. Welcome to Squawk on the Street. I'm Sarah Eisen with Carl Cantania and David Faber. Live as always from post nine of the New York Stock Exchange.
0:11.4	Stocks are coming back from some lower levels earlier this morning. S&P 500 unchanged right now. Why? Because some of the groups are doing well. Real estate's up one and a quarter percent.
0:21.2	Consumer staples, materials, discretionary, health care, financials, utilities, and industrials,
0:25.3	all higher. But technology is under pressure. It's why the NASDAQ comp is down about half a percent.
0:30.8	So relief in some of the rate sensitive sectors, also reliefs in some of the cyclical sectors
0:35.5	this morning as well. Despite some gains in tech in Palo Alto and Intel, we'll talk about some of those moves in a moment. As for Treasuries, we kick off the week. The focus is on Jackson Hole later in the week, Fedshire Powell's speech. There's buying today. The yields are lower, 4.3% on the 10-year, two-year yield moves south to 3.74. As mentioned, just a moment,
0:56.6	Palo Alto Network's CEO, Nikesh Aurora, joins us first on CNBC as the cybersecurity company climbs
1:02.6	this morning on strong earnings and guidance. Plus, mentioned Intel, SoftBank, betting big on
1:08.5	Intel shares surging. We'll talk about what's behind the company's multi-billion dollar investment in the chipmaker
1:14.6	and whether the US government state could be coming next.
1:17.6	But first, guys, as we look ahead to the week, we are getting some big box retailers reporting,
1:22.6	and the view on the US consumer continues to evolve.
1:26.6	Value is a word that I continue to hear.
1:29.8	Consumer is resilient, and yet, you know, there are still some issues out there.
1:35.0	So let's start with Home Depot, for instance.
1:37.0	They talk about a consumer that's making choices out there.
1:40.9	The Home Depot CEO, Coms got markedly stronger as the months went on through the
1:45.6	quarter. We definitely saw broader engagement across the portfolio. These are the best
1:49.6	comps we've seen across the most departments in nearly two years. Consumers, both pro and consumer,
1:54.7	engaged broadly across the business, but granted in smaller project, we still haven't seen
1:58.7	the recovery in the much larger discretionary projects.
2:02.6	But I did think that that was sort of bullish when it comes to the note sounded by Home Depot.
	...

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