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Squawk on the Street

SOTS 2nd Hour: Navigating the Homebuilders, Tiktok Deal Latest, & LIVE: Accenture CEO 9/25/25

Squawk on the Street

CNBC

Investing, Business, News

4.1567 Ratings

🗓️ 25 September 2025

⏱️ 43 minutes

🧾️ Download transcript

Summary

Carl Quintanilla, Sara Eisen, and David Faber kicked off the hour looking at the latest data on jobs and US GDP - before diving into what it all means for stocks with Piper Sandler's Chief Investment Strategist. Plus: the earnings names you need to know... Accenture CEO Julie Sweet joined the team to breakdown new numbers from her company, while one housing analyst joined Post 9 with his housing playbook following results out of KB Home. Also in focus: hear the latest reporting around a possible Tiktok deal today - and breaking news during the hour - a recap of the new Supreme Court amicus brief in support of Fed Governor Lisa Cook from every living former Fed Chair, many former Treasury Secretaries & even CEA chairs. Squawk on the Street Disclaimer

Transcript

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0:00.0

Good Thursday morning. Welcome to Squawk on the Street. I'm Carl Kintania with David Faber here at Post 9 of the New York Stock Exchange, along with Sarah Eisen.

0:12.1

Joining us today from Miami, we'll find out why in a minute ahead of this camp misinterview next hour with Citadel's Ken Griffin.

0:18.6

Coming up this hour, the CEO of $150 billion consulting firm Accenture

0:22.4

joins us on the back of earnings. We'll talk AI, immigration, shares are lower today. Companies

0:27.9

one of the largest petitioners of H-1B visas in the country as well. Shares a Starbucks under

0:33.0

some pressure. Brian Nicol announcing store closures in this billion-dollar restructuring. Get some details

0:38.7

on that strategy shift in a minute. But Sarah, how are things in Miami? Things are great. I'm here at

0:45.9

Florida International University where there's a big announcement coming up this hour with Ken Griffin

0:51.5

and even Moskowitz, who's the head of Success Academy, which is

0:54.5

the biggest charter school in New York, they are bringing it to Miami. Ken Griffin is announcing

1:00.5

a $50 million contribution to Success Academy on top of the millions he has already given.

1:07.1

So we're going to talk about that. It's right in the crosshairs of the New York City mayoral

1:10.3

election. There are politics here to discuss as well, and just the broken education

1:16.2

system in America. But guys, I wanted to start the hour how we always do, reflecting on the economy,

1:22.2

because we got two surprisingly, I would say surprisingly strong numbers on the health of the economy this morning.

1:28.6

Jobless claims Thursday. This is the most real-time update about what businesses are doing

1:32.6

and whether they're firing workers. We're constantly obsessing about the health of the labor

1:37.3

market. Guess what? A really good number here. 218, they actually fell. That was less than

1:43.3

consensus. So we're kind of working through

1:45.6

what happened in Texas a few weeks ago, which saw that sharp rise, as you can see near the

1:49.9

end of the chart, in the Americans filing for jobless claims. That looks like an anomaly, and we are

1:55.5

headed down. So that's a good sign, Carl and David, when you're looking for what businesses are doing with workers, they may not be hiring as much as they were, but they're not firing.

...

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