SOTS 2nd Hour: Nvidia China Concerns, Dollar Tree’s Discount Deal, & President Trump’s “Recession Roulette”? 03/26/25

Squawk on the Street

CNBC

Business, Investing, News

4.1 • 567 Ratings

🗓️ 26 March 2025

⏱️ 44 minutes

🔗️ Recording | iTunes | RSS

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Summary

Sara Eisen, David Faber, and Carl Quintanilla broke down fresh tariff clarity top of the hour as tech stocks like Nvidia and Tesla drag… Why one investing head at Wells Fargo says the U.S. is still the place to be when it comes to equities, plus Fmr. Fed Vice Chair Alan Blinder – fresh off an op-ed at the journal warning President Trump is playing recession roulette with the American economy. Additionally, the team got new numbers out of the Congressional Budget Office, forecasting the government could hit the debt ceiling as soon as August. Also in focus: big tech, as communication services lags and concerns grow around Nvidia’s China business – CNBC broke down key outperformers year-to-date; a deep dive on what some are calling retail’s “worst deal of the year” (Dollar Tree/Family Dollar); a look at Hyundai’s new robot-filled factory in Georgia; and more on Gamestop’s potential move into crypto. Squawk on the Street Disclaimer

Transcript

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0:00.0	It's Jim Kramer here. You're listening to the opening bell of CBC Squawk on the Street.
0:04.7	Don't miss a minute of the action.
0:14.4	Good Wednesday morning. Welcome to Squawk on the Street. I'm Sarah Eisen with Carl
0:18.2	Carl Kintania and David Faber live as always from post
0:20.8	nine of the New York Stock Exchange. Take a look at stocks this morning. It's been mostly higher
0:25.6	week. The S&P 500 though, given back a third of 1%. Dow remains higher by 141 points. And the NASDAQ
0:32.4	tech is lagging today. Back to its lagging ways down nineenths or so of a percent. Take a look at
0:39.0	treasuries. I've seen a bit of, you know, yields marching around the 10-year around that
0:44.9	4.3 level, a little bit firmer today. So selling bonds yields up. The two-year yield above
0:50.2	4 percent right now. But, you know, there is some strength in this market. Energy, financial,
0:54.3	staples, real estate, utilities, they're all having a good day today. So some of the cyclical
0:58.0	groups and the defensive groups are working. But when tech is down, information technology as a sector,
1:03.8	down 1% that drags on the index. Today, it's a super micro down 5, Arista networks, NVIDIA's down
1:09.3	another 3.3%. That's what's hurting the
1:12.5	overall market. That rotation theme is still intact. We're 30 minutes here into the trading
1:17.3	session. Here are three big movers we're watching. Dollar Tree confirming it has signed a deal to
1:23.3	sell its family dollar business around a billion, to a pair of private equity firms,
1:27.7	all the details for you on the deal and what it means later this hour.
1:31.1	Apple, setting a date for its annual Worldwide Developer Conference the week of June 9th.
1:36.0	Many expecting updated operating systems for iPhones, iPads, Mac computers.
1:41.4	Still no word on whether the company or when the company will roll out its new AI offerings,
1:46.6	which they have said could be delayed until as late as 2026. And then we're also watching GameStop.
	...

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