SOTS 2ND Hour More record highs on the S&P and Nasdaq after new inflation data 9/11/25

Squawk on the Street

CNBC

Investing, Business, News

4.1 • 567 Ratings

🗓️ 11 September 2025

⏱️ 49 minutes

🔗️ Recording | iTunes | RSS

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Summary

Carl Quintanilla, Sara Eisen, and David Faber broke down the numbers and what it means for stocks with RBC's Head of Equity Strategy Lori Calvasina - in addition to taking a look at the key movers of the day from Opendoor's huge surge to software stocks like Oracle and Adobe - gaining ahead of earnings from the latter name tonight. Plus: a wide-ranging interview you don't want to miss... Commerce Secretary Howard Lutnick joined the team at Post 9 with his remembrance of 9/11, the latest on trade talks, and why he sees big jobs growth ahead. Squawk on the Street Disclaimer

Transcript

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0:00.0	Good Thursday morning.
0:08.5	Welcome to Squawk on the Street.
0:09.7	I'm Sarah Eisen with Carl Kintan, David Faber, live, as always, from post nine of the New York Stock Exchange.
0:14.8	S&P at a record high up another half a percent today, and it looks pretty broad-based.
0:19.0	Every sector higher, except for communication services
0:21.9	right now which is lagging by a bit thanks in part to alphabet AT&T comcast T-Mobile and
0:27.8	Netflix all the other sectors are higher health care is actually in the lead today up a percent
0:31.8	materials real estate financials industrials all doing well nasda composite up four-tenths of one
0:37.3	percent as tech continues, its rally,
0:40.0	that really powered the rally yesterday with Oracle and some of the chip stocks, chip stocks up again
0:44.5	today. Take a look at Treasuries. Reaction to the joint release of, I would say, CPI and jobless
0:51.0	claims. We'll talk about both, but they're rallying again with the 10-year yield
0:54.2	just above 4 percent after dropping below there. The two-year yield three and a half percent.
0:59.0	Today, Commerce Secretary Howard Lutnik joins us here at Post 9. That interview coming up in just a few moments.
1:06.0	Plus, Oracle has mentioned adding more than $240 billion in market cap yesterday alone.
1:12.5	After shocking Wall Street with results, we'll talk about the next software name due out with earnings after the bell today.
1:18.7	But first off, guys, let's talk about CPI, because the overall headline number comes in hot.
1:22.9	It's not a great headline, up 0.4% on the month.
1:27.2	That was more than expected. It was the biggest
1:29.4	monthly increase since January. So not great. The year-over-year number, 2.9%. The core number
1:38.1	was to strip out food and energy, which is volatile, up 0.3%. That was in line with July,
1:44.0	and core CPI is 3.1%. But look under the hood.
	...

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