SOTS 2nd Hour: More Powell Probe Fallout, CPI Market Impact, & Bank Earnings Breakdown 1/13/26

Squawk on the Street

CNBC

News, Business, Investing

4.1 • 567 Ratings

🗓️ 13 January 2026

⏱️ 44 minutes

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Summary

Carl Quintanilla, Sara Eisen, & David Faber kicked off a big morning on Wall Street with more fallout related to the DOJ-Powell probe, before hitting 2 other key stories of the day: consumer inflation & bank earnings. Evercore's Julian Emanuel and former Barclays CEO Bob Diamond joined the team to give their takes on the action. Plus: Microsoft out with a new 5-part plan to reduce consumer impact from its growing energy, water, and land use tied to AI... President Brad Smith broke down the move and what comes next this hour. Squawk on the Street Disclaimer

Transcript

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0:00.0	Good Tuesday morning.
0:10.0	Welcome to Squawk on the Street.
0:11.0	I'm Sarah Eisen with Carl Kintania and David Faber.
0:14.0	We are live from post nine, as always, of the New York Stock Exchange.
0:17.0	Coming up this hour, first on CNBC interview with Microsoft President Brad Smith, as President Trump
0:22.6	touts the company's new efforts to, quote, pick up the tab for AI data center power consumption
0:27.6	in this country.
0:28.6	Plus, Evercourge Julian Emanuel with us to talk about his new warning around near-term volatility
0:34.6	as we get more inflation data and earnings season kicks off. And speaking of earnings,
0:39.3	we'll break down bank results and look ahead to more big name reports later this week with
0:43.5	former Barclay CEO, Bob Diamond. Busy morning for data as we got CPI and now some housing
0:49.3	numbers. Let's get to Diana Oleg. Morning, Diana. Good morning, Carl. These are just breaking.
0:54.1	We have two months now of
0:55.5	October, new home sales data. We got October and September, both of which we did not have
1:00.2	because of the government shutdown. So I'm going to go with October right now. We got 737,000 versus
1:05.7	expectations of 718,000. This is 0.1% below September 2025 of 738. So that tells us that 738 in September
1:16.4	was actually above expectations of 710. And it is 18.7% above October 24. So we're seeing a nice
1:24.5	gain year over year. And I guess, yeah, well above expectations on that.
1:29.6	For sale inventory is also moving higher. It's unchanged from September, but is 1.7% above October of
1:37.1	2024. And it is a 7.9 month supply. So that's still, you know, well above that median between
1:43.4	you want six months is a balanced market between buyer and seller. The median price of a home sold in October
1:49.0	was $392,000. This is 3.3% below the September price of 405 and is below the, it is 5, it is
	...

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