SOTS 2nd Hour: Palantir CEO, Plus: Trump-Xi Trade Call, Broadcom Expectations 6/5/25

Squawk on the Street

CNBC

Investing, Business, News

4.1 • 567 Ratings

🗓️ 5 June 2025

⏱️ 49 minutes

🔗️ Recording | iTunes | RSS

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Summary

New this morning: President Trump and Chinese President Xi officially holding their first trade call – boosting stocks across the board. Chinese officials saying the two sides should strive for a “win-win” outcome… Carl Quintanilla, Sara Eisen, and David Faber broke down the latest out of Washington and what it all could mean for equities. Plus: an interview you don’t want to miss – a wide-ranging and 20+ minute deep-dive with Palantir CEO Alex Karp, alongside the Co-CEO of key customer TeleTracking Technologies. Hear Karp’s thoughts on the future of the business, AI demand, and even a recent NYT article that’s led to criticism from some. Also in focus: Fundstrat’s Tom Lee joined the team to start the broadcast – as he continues to forecast more gains ahead… Calling the market’s push off the lows “the most hated rally” in history. Plus: what’s at stake for the chips when Broadcom reports earnings tonight with one tech analyst who calls the stock a buy. Squawk on the Street Disclaimer

Transcript

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0:00.0	Good Thursday morning. Welcome back to Squawk on the Street. I'm Sarah Eisen with Carl
0:10.4	Kintanian, David Faber, live at Post 9. As always, from the New York Stock Exchange. Take a look at
0:15.0	stocks this morning. We are breaking the wind streak under a little pressure, nothing extreme,
0:19.5	down a quarter of a percent
0:21.4	on the S&P 500, Dow's down 142 points. And the NASDAQ, again, tech is outperforming here.
0:27.5	It's helping NASDAQ down only two-tenths of one percent. Word of the Trump Shee call,
0:33.4	not doing much to turn things around, but stocks ran up into it. As for treasuries, take a look at how we're doing today.
0:40.6	We've got the big jobs report tomorrow. There's more buying of treasuries and yields have come down this week.
0:46.1	435 is your yield on the tenure. We've had some softer economic data, which we'll talk about.
0:51.4	That's leading to lower yields. The two-year, the rate policy-sensitive one, 3.86%.
0:56.7	Today, Palantir CEO, Alex Karp, joins us in a first on San B.C.
1:01.0	interview from the sidelines of his company's artificial intelligence platform conference
1:06.0	as the company pushes back against criticism about collecting data on Americans and the
1:10.7	stock sits at record
1:11.6	highs.
1:12.6	Plus, Broadcom trading at record levels ahead of results tonight after the close.
1:16.6	We're going to talk about what's at stake in that report.
1:18.6	All right, first we have some breaking news.
1:21.6	It's from Washington, of course.
1:22.6	The news is that there was a phone call between President Trump and China Xi Jinping.
1:27.8	We learned it from the Chinese side.
1:29.7	Let's get to Eamon Jabbers, of course, see what else, if anything we've learned in the last
	...

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