SOTS 2nd Hour: More S&P Record Highs, Netflix Breakdown, LIVE: Deputy Treasury Secretary 7/18/25

Squawk on the Street

CNBC

News, Business, Investing

4.1 • 567 Ratings

🗓️ 18 July 2025

⏱️ 42 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Another morning of record highs on the S&P and NASDAQ: Sara Eisen and Carl Quintanilla kicked things off with a fresh read on where things stand when it comes to the U.S. consumer (as new sentiment data hits its highest levels since February, retail sales came in strong, and names like American Express say spending has remained healthy). Longtime market veteran Ed Yardeni joined the team with his take on the action – arguing you should remain bullish here. Plus: hear from Deputy Treasury Secretary Michael Faulkender, in a wide ranging interview spanning the administration’s crypto ambitions – to where he sees the economy headed in the 2nd half… along with a live read on the trade front thanks to Flexport’s Ryan Peterson. Squawk on the Street Disclaimer

Transcript

Click on a timestamp to play from that location

0:00.0	Good Friday morning. Welcome to Squawk on the Street. I'm Sarah Eisen with Carl Kintania. We are live from Post 9 of the New York Stock Exchange. David Faber will actually join us later. There's just too much happening in the deal world today. As for markets, record highs, another strong day and another strong week for the markets. We've lost a little bit of momentum on the Dow. S&P is up a quarter of a percent. The NASDAQ is also up a quarter of 1%. We're still
0:21.6	tracking for an almost 2% gain this week for the NASDAQ and almost 1% for the SMP. As for what's
0:28.1	working best today, it's actually, well technology is doing well, but consumer discretionary and
0:32.6	energy, energy stock's doing well after Chevron gets the green light to go ahead with the Hestiel.
0:38.8	Finally, CEO Mike Worth, joining us last hour to discuss that.
0:42.5	And tech again, having another strong session.
0:45.5	Treasuries right now, there's been some buying of treasuries.
0:49.0	We got housing starts a little bit better earlier today.
0:51.7	Yield are lower.
0:52.5	4.4 on the 10-year, the two-year
0:55.1	yield just below 4%. Long-time market watcher, Ed Yardinney, will join us today to talk about
0:59.5	how much more room there is left in this rally, as we sit here at records. Plus, we will talk to
1:04.2	Deputy Treasury Secretary Michael Falkinder ahead of an expected Oval Office signing later today
1:10.1	of the Stable Coin Genius Act.
1:12.6	And much more ahead on the deal news of the day.
1:14.4	Chevron completing that $55 billion acquisition of Hess.
1:18.0	As we mentioned, both stocks up, pests up 7.6% on the news.
1:22.1	Got some data today.
1:23.4	U.Mish is up next.
1:24.2	Let's get to Rick Santelli.
1:25.2	Hey, Rick.
1:26.8	Yes, Carl, markets are moving on this.
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from CNBC, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of CNBC and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.