SOTS 2nd Hour: Nvidia GTC Conference, Fed on Deck, NBC National Poll: Trump & The Economy 3/17/25

Squawk on the Street

CNBC

Investing, News, Business

4.1 • 567 Ratings

🗓️ 17 March 2025

⏱️ 42 minutes

🔗️ Recording | iTunes | RSS

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Summary

Fresh data top of the hour, with homebuilder sentiment hitting 7-month lows - David Faber, Sara Eisen, and Michael Santoli broke down the latest for stocks as the markets look ahead to a Fed Meeting and Nvidia's blockbuster 'GTC Developers Conference' this week. Why Melius research is bullish ahead of CEO Jensen Huang's keynote, this hour - and a breakdown of what it means for the stock, based on past experience. Also in focus: the latest retail trading trends with Interactive Broker's Thomas Peterffy, who's betting big on AI - and more on the market outlook with J.P. Morgan's Chief Economist as he forecasts higher prices and lower growth ahead. Plus, results out of NBC News National poll on President Trump and the economy - and some energy picks as the sector sees gains on headlines out of Yemen. Squawk on the Street Disclaimer

Transcript

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0:00.0	Good Monday morning. Welcome to Squawk on the Street. I'm Sarah Eisen with David Faber and Mike Santoli today live, as always from post-9 of the New York Stock Exchange.
0:08.9	Stocks are coming back a little bit after another tough week for the markets. The S&P is up 4 tenths of a percent, NASDAQ up 2-10s, so it's lagging, and the Dow's up 170 points or so.
0:19.4	Take a look at treasuries, and we find ourselves with higher yields, at least on the short end.
0:24.5	The two-year yield above 4%, the five-year yield higher as well.
0:28.1	The 10-year yield, though, steady at 4.3.
0:31.0	We are 30 minutes here into the trading session.
0:32.8	Here are three big movers we're watching.
0:34.9	Affirm shares under real pressure.
0:37.0	Rival Klarna taking over as the
0:40.0	exclusive provider of Buy Now Pay Later loans for Walmart. Clarna also has filed to go public with
0:45.9	the valuation of around $15 billion. Norwegian Cruz, top gainer in the S&P right now after an
0:52.3	upgrade to buy at JPMorgan, analysts citing comments from the company's CFO.
0:56.9	The demand remains strong for cruising. And then Netflix shares are also rallying the stock upgraded to buy over at Moffat Nathanson.
1:03.6	The firm increasing its price target to $1,100 from $8.50, saying, quote, Netflix has won the streaming wars case closed.
1:13.1	May want to do that 700 points ago, but I guess it's better than nothing.
1:17.9	So they missed the big rally?
1:18.9	They missed everything.
1:19.8	Yeah, they had a neutral on it.
1:22.3	Let's get some economic data just crossing the tapework.
1:24.6	Santelli's here.
1:25.2	He's got the numbers for it.
1:26.1	Rick.
	...

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