SOTS 2nd Hour: New India Tariffs, Earnings Wrap-up – AMD, McDonald’s, & Disney – Plus Upstart, Lucid CEOs 8/6/25

Squawk on the Street

CNBC

News, Business, Investing

4.1 • 567 Ratings

🗓️ 6 August 2025

⏱️ 43 minutes

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Summary

Carl Quintanilla, David Faber, and Leslie Picker discussed the latest on the earnings front: starting with AMD’s China concerns and the disappointing guide sending Super Micro shares slumping – along with the better-than-feared numbers boosting McDonalds shares with one analyst forecasting even more gains ahead. Plus: the President announcing an additional 25% tariff on goods from India as Apple announces an additional $100 billion investment to beef up U.S. manufacturing… Hear former Goldman Asset Management Chairman Jim O’Neill’s take on all these fast changing tariff headlines. Also in focus: how consumer credit is holding up with the CEO of AI lender Upstart, fresh off earnings that have shares falling double digits. A deep-dive on Disney’s big sports bet along with key takeaways from quarterly results. Hear the interim CEO of Lucid break down the road ahead for his company – and the challenges that remain for the EV market… Along with the staggering numbers behind a new generation of “AI Billionaires”. Squawk on the Street Disclaimer

Transcript

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0:00.0	Good Wednesday morning. Welcome to a walk on the street. I'm Carl Kintanier with Leslie Picker, David Faber, live at Post 9 of the New York Stock Exchange.
0:13.0	Sarah has the morning off. Markets holding in there amid a wave of important results from corporate earnings, McDonald's, Uber, AMD, Disney, Shopify, 10-year, pretty steady at 422. Coming up on today's show, we'll talk to the CEO of Lucid, fresh off earnings, get some insights into the EV market as that stock does pull back a bit on a miss and softer guidance, plus a lot more on today's blue-chip earnings, including McDonald's and Disney, which, as you may know, just inked a major deal with the NFL.
0:40.7	But first, we're 30 minutes into the trading session.
0:43.0	Here are three big movers.
0:44.0	We're watching this morning.
0:45.3	Apple on the move after the White House said the company will invest another $100 billion in the U.S.
0:52.1	focused on beefing up domestic manufacturing.
0:54.0	That's on top of the $500 billion
0:56.5	it pledged back in February. Those shares of 3.4% right now. Meantime, AMD under pressure after
1:03.4	missing earnings estimates, CEO Lisa Sue joined last hour to discuss the numbers and their shift
1:09.1	toward manufacturing here in the U.S.
1:11.4	Take a listen.
1:13.0	We're very supportive of manufacturing in the United States. I think it's good for us to have
1:18.4	resiliency across the supply chain. We have a very strong supply chain. We continue to make
1:24.0	sure that we're an active dialogue with the administration as we're going through this.
1:28.3	But, you know, clearly, U.S. manufacturing is a good thing, but we also have to recognize semiconductors
1:33.3	require a global supply chain.
1:35.6	And sticking with chips, super micro also in the red, plummeting this morning after week, fourth quarter
1:41.4	results and soft guidance.
1:43.4	Those shares down more than 18% right now.
1:46.0	Let's get to Christina Portsenevolous with more on Super Micro. Christina.
1:49.8	Thanks, Leslie. Well, the AI server assembler really is caught in the classic growth trap.
	...

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