SOTS 2nd Hour: More Market Highs, Opendoor Chairman Rabois, & Today's IPOs To Watch 9/12/25

Squawk on the Street

CNBC

Investing, Business, News

4.1 • 567 Ratings

🗓️ 12 September 2025

⏱️ 44 minutes

🔗️ Recording | iTunes | RSS

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Summary

Another day of record highs on the NASDAQ: Carl Quintanilla, Sara Eisen, and David Faber broke down fresh consumer data top of the hour before Wharton Professor Jeremy Siegel joined the team with his take on why the Fed NEEDS to cut rates - in a big way, and soon. Plus: a read from the ground on trade with the CEO of logistics giant Flexport... and more on the blockbuster IPOs of the day - from crypto exchange Gemini to Via Transportation, whose CEO joined the team at Post 9 ahead of the first trade. Also in focus: huge moves higher for certain names... Hear David Faber's exclusive reporting on a possible Paramount-Skydance/Warner Brothers Discovery deal - as shares of both name pop higher... And don't miss a deep-dive on the future of Opendoor with new Chairman Keith Rabois, who argues the company's value is potentially "infinite" with shares up +1,000% on the year. Squawk on the Street Disclaimer

Transcript

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0:00.0	Good Friday morning. Welcome to Squawk on the Street. I'm Sarah Eisen with Carl
0:09.3	Kintamia. David Faber. We are live, as always, from Post 9 of the New York Stock Exchange.
0:13.6	Big show coming your way. In just a moment, Wharton Professor of Finance, Jeremy Siegel,
0:17.4	joins us with just days to go until the big Fed decision.
0:23.6	We'll get his prediction for rate cuts, the market, and more.
0:26.2	Plus, it is one of the biggest stock stories of the week.
0:32.5	Open Door, seeing huge gains on news of leadership changes, adding to a breathless rally this year.
0:36.3	We'll talk to the new chairman, Keith Rabeau, about his vision for the company.
0:41.8	And much more on the media news of the day, as Paramount Skydance preps a bid for Warner Brothers Discovery.
0:43.0	Let's get the final big economic data point of the week on UMIS with Rick Santali.
0:46.9	Hey, Rick.
0:48.5	Yeah, you know, this has a whiff with stagflation to it, folks.
0:52.3	University of Michigan sentiment and all the inflation numbers,
0:55.5	the preliminary set that could still change. Fifty-five point four in headline. We're expecting
1:00.3	the number well north of that and rearview mere 582. So sequentially lower, lowest since May of 25.
1:07.6	61-2 on current conditions. Same scenario. Less than expected. Less than last look,
1:13.7	sequentially lower, also the lowest since May. If we look at expectations, what lies ahead?
1:19.4	Well, the scenario doesn't change. 51.8, also the lowest since May. This follows 55.9. So there's
1:26.8	your weak consumer confidence. Now, let's look at
1:29.5	inflation. 4.8 expected. 4.8 remains. But that doesn't dismiss the fact that it's still the
1:35.6	highest level since June, although I do think surveyed inflation. That kind of runs a foul of logic
1:41.3	in certain instances, considering it was way up in May at 6.6.
	...

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