SOTS 2nd Hour: Israel-Iran Conflict: Impact for Stocks, Bonds, Energy, and the Fed 6/13/25

Squawk on the Street

CNBC

Investing, Business, News

4.1 • 567 Ratings

🗓️ 13 June 2025

⏱️ 44 minutes

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Summary

Israel launching what it called pre-emptive air strikes against nuclear and military targets across Iran overnight – and Iran launching a wave of drones in retaliation: Carl Quintanilla, David Faber, and Sara Eisen broke down the latest out of Washington as world leaders respond along with global markets. To start: Allianz Chief Economic Advisor Mohamed El-Erian with his take on what it means for safe havens like gold… And whether there’s pain ahead for the S&P. Plus: energy expert Paul Sankey discussed the impact for crude prices… Before former Trump NSA Advisor H.R. McMaster joined Post 9 with more on what comes next in geopolitics – after saying in January there was a “100%” chance that Israel would target Iran’s nuclear infrastructure. Plus: Former Dallas Fed President Richard Fisher ended the hour talking the impact of all these developments on the Fed – as he warns today’s Consumer Confidence spike could be a one-off. Squawk on the Street Disclaimer

Transcript

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0:00.0	Good Friday morning and welcome to Squawk on the Street. I'm Sarah Eisen with Carl Kintanian,
0:07.1	David Faber, live as always for you, post-9 of the New York Stock Exchange.
0:11.0	Stocks are selling off, not an extreme reaction after Israel launched airstrikes on Iran's nuclear
0:17.8	facilities overnight. We are seeing a big move higher in oil. That's where the immediate impact is being felt. The S&P is down eight-tenths of 1%. It's coming off of a strong run, though, for the week and for the past few weeks, we're only, I don't know, 2.5% off-record highs for the S&P 500. Energy is the only sector, though, that is higher right now because of that move in oil prices.
0:38.3	Everybody else is lower. Consumer staples are holding up the best. Not a surprise. The defensive
0:42.5	names, staples, utilities, healthcare, all outperforming financials, for instance, consumer
0:47.7	discretionary and tech. The travel names under pressure in particular. Take a look at
0:51.9	treasuries. Not a huge rush towards safe haven assets. Gold's a little bit firmer, the dollar's a little bit firmer, but treasury prices are not. Yields are actually higher. Four point almost four. Maybe the concern there is on the inflationary impact of higher oil prices right now. We are going to discuss it all hour long. Israel striking Iran, the global
1:11.1	markets impact. We've got a great lineup of exports for you to break it all down.
1:14.9	Mohamed Al-Aryan from Alian's oil and energy expert Paul Sankey. Former Trump National Security
1:20.6	Advisor, H.R. McMaster will all be our guest this hour. First, let's get straight to Megan
1:25.5	Kassela with the latest on Israel and Iran and how Washington
1:28.2	is responding.
1:29.2	Morning again, Megan.
1:30.2	Hey, good morning again, Carl.
1:31.2	So the president making a round of calls to reporters this morning telling various outlets,
1:35.5	including the Wall Street Journal, that he and the administration knew about Israel's plans
1:39.6	to attack Iran before they happened.
1:42.2	He also called the attacks very successful, said that he
1:45.0	had spoken with Israeli Prime Minister Benjamin Netanyahu yesterday, and Netanyahu's office
1:49.5	now says they, the two men, do plan to speak again today. All of those comments coming after
1:54.8	the president earlier this morning posted that he had given Iran chance after chance to make
	...

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