SOTS 2nd Hour: Nvidia's China Concessions, Fedspectations, & K-Shaped Economy Concerns 12/9/25

Squawk on the Street

CNBC

News, Business, Investing

4.1 • 567 Ratings

🗓️ 9 December 2025

⏱️ 43 minutes

🔗️ Recording | iTunes | RSS

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Summary

Carl Quintanilla, Sara Eisen, and David Faber kicked off the hour with fresh jobs data just crossing - before getting into a growing number of comments around the high/low-income consumer. Bespoke's Paul Hickey pointing out some bullish historical trends into year-end, while Goldman's Head of Corporate Credit gave his predictions for rates as another FOMC meeting kicks off today. Plus: a volatile morning for Nvidia as the White House greenlights the sale of some chips to China... what you should know, what it means for shares, and key analysis from one sell-side analyst who calls the stock a buy here. Also in focus: closing the wealth gap with a new tax... NY Congressman Dan Goldman joined Post 9 with more on his new bill to tax the ultrawealthy, while the team also took a look at Elon Musk's growing wealth tied to SpaceX - and why it could be a bad thing for Tesla shareholders. Squawk on the Street Disclaimer

Transcript

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0:00.0	Good Tuesday morning. Welcome to Squawk on the Street. I'm Sarah Eisen with Carl Kintania and David Faber.
0:05.0	We are live from post nine of the New York Stock Exchange. The Fed meeting getting underway today as Wall Street waits for rate decision and guidance from a divided Fed.
0:12.8	We'll talk to Goldman Sachs credit expert Johnny Fine about what he's expecting.
0:16.8	Plus, Nvidia back in focus as President Trump says the company can sell some of its AI chips to China, but does China want them?
0:23.9	We'll discuss with the top analyst, and the majority of Elon Musk's wealth now comes from SpaceX.
0:29.2	We'll talk about why that news could be a red flag for Tesla shareholders.
0:33.3	Let's get some breaking economic data in Joltz with Rick Santelli.
0:36.6	Hey, Rick.
0:38.2	Hi, indeed, Carl, this is October read for Joltz.
0:42.0	7,670,000.
0:45.3	That's not a bad number.
0:47.4	7,670 actually would be the strongest number going back to, well, going back to May when we were $7.7 million and change.
0:57.3	So that's pretty decent.
0:59.0	And considering that the expectation was for a number around $7.1 million, so it's definitely
1:05.0	better than expected.
1:06.4	We're also getting leading economic indicators, which have been leading us in a negative
1:10.7	bill lately.
1:11.8	This is September read coming in exactly at his matching expectations at down three-tenths
1:17.7	of a percent.
1:18.7	Last month upgraded from minus half a percent to minus three-tenths.
1:23.0	And believe it or not, minus three-tenths is actually the best number going back to July when it was up one-tenth because we really have been mostly negative.
1:33.9	We've had one non-negative reading all year, and that was the up one-tenth in July.
	...

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