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Squawk on the Street

SOTS 2nd Hour: Meta Minus The Metaverse? Plus: Cantor's Chief Macro Strategist, Fmr. Antitrust Chief Jonathan Kanter 12/4/25

Squawk on the Street

CNBC

Investing, News, Business

4.1567 Ratings

🗓️ 4 December 2025

⏱️ 41 minutes

🧾️ Download transcript

Summary

Carl Quintanilla, Sara Eisen, and Michael Santoli kicked off the hour with new jobs data before Cantor Fitzgerald's Chief Macro Strategist gave his bull case for bonds, Bitcoin, and equities into year-end. Plus: one tech analyst gave his take on Meta's potential move away from the metaverse - sending shares soaring today - while Sara brought exclusive color from the CEO of PVH following new numbers there. Also in focus: new headlines around the bids for Warner Brothers Discovery - including some potential Washington pushback... Former antitrust chief Jonathan Kanter joined the team with his take on things, and who he says would face the least hurdles. Squawk on the Street Disclaimer

Transcript

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0:00.0

Welcome, everybody. Good Thursday morning. Welcome to Squawk on the street. I'm Sarah Eisen here with Carl Kentinian and Michael Santoli.

0:07.0

Live at Post 9 of the New York Stock Exchange, Faber has the morning off. Today, the bullcase for bonds, Bitcoin and equities into your end.

0:14.0

We'll talk to Canter Fitzgerald's chief macro strategist about why he sees upside across the board in the coming weeks.

0:20.0

Plus, meta shares gaining on a new report that Mark Zuckerberg plans to cut spending on the

0:24.5

company's Metaverse efforts.

0:26.0

We'll ask an analyst what it means for shareholders seem to like the news.

0:29.7

And former antitrust chief Jonathan Cantor will join us on these new headlines around

0:33.7

the bids for Warner Brothers Discovery as one senator raises concerns about a Netflix

0:38.4

takeover.

0:40.4

It's been a busy morning for data, getting a little bit more this morning.

0:43.3

Let's get back to Rick Santelli.

0:44.5

Hey, Rick.

0:45.9

Hi, Carl, indeed.

0:47.2

We're looking at our September reads on fact you orders and our final September reads on

0:52.6

durable goods.

0:53.6

Fact you orders expected to be up three-t for September, still playing catch up on the data.

0:59.0

Comes in a bit lighted up two tenths and last month's robust up 1.4 retains a lot of its strength.

1:06.0

It's revised to 1.3. If you strip out transportation, still pretty solid, up two tens, and that follows a

1:12.9

minus 110th. That was a revision from positive 110 to minus 110. Now, durable good. This series,

1:20.5

as I said, are final reads replacing mid-month read, and the replacements, well, exactly the same.

1:27.2

Up half a 1% remains, and if you strip out transportation, it improves up six-tenths, same as

1:33.4

mid-month read, and both capital good orders, non-defense X-air and shipments, both up a very

...

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