SOTS 2nd Hour: Powell DOJ Probe Gets Dropped & Tech's Tear Higher 4/24/26
Squawk on the Street
CNBC
4.0 • 566 Ratings
🗓️ 24 April 2026
⏱️ 55 minutes
🧾️ Download transcript
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| 0:00.0 | Good Friday morning. Welcome to Squawk on the street. I'm Sarah Eisen with David Faber and Mike Santoli today. |
| 0:05.2 | We are live, as always, from Post 9 of the New York Stock Exchange. Carl Kintanilla has the morning off. |
| 0:09.8 | Coming up this hour, Intel, the latest tech name to see a wild post-earnings move surging after results here, up 22%. |
| 0:16.3 | We'll talk to noted investor Dan Niles about where he's putting his money to work as we get ready for numbers next week from five of the MAG7 companies. |
| 0:25.1 | Also ahead, Council on Foreign Relations President Michael Froman is with us to talk about the latest in Iran and hopes for renewed peace talks here. |
| 0:32.4 | And former United Airlines CEO, Oscar Moonnows, joins us to discuss the potential government rescue of Spirit Airlines. |
| 0:39.7 | Consumer sentiment just crossing the tape. Rick Santelli has that for us. Morning, Rick. |
| 0:44.9 | Good morning, Mike and D. Now, these are final reads for April. And the mid-month reads had some shocking news within there, some historic lows. So let's look at it. |
| 0:54.7 | 47.6 was our mid-month read on headline. |
| 0:58.9 | That was the lowest ever going back to the 70s, which my database does. |
| 1:03.9 | It rises to 49.8, but it's only the best since March the month before these numbers were |
| 1:09.9 | released. |
| 1:10.8 | 52.5 is current conditions up from 50.1 and 50.1 was also the all-time back to 70s low, |
| 1:19.4 | and it moves up to 52.5. And since in March final read, we're 55 and change, it comps to |
| 1:26.5 | March as well. Expectations. What lies ahead? |
| 1:29.9 | Well, it still remains under 50, 461 in the rearview mirror. That was the lowest since the 1980s, |
| 1:37.4 | and it moves now, well, it moves now to 48.1. 48.1, you guessed it the best since March, |
| 1:43.8 | and we are of 51.7. Now, you guessed it, the best since March, and we are 51.7. |
| 1:46.2 | Now, let's get to the inflation reads. |
| 1:48.4 | The one-year inflation mid-month read was 4.8. |
| 1:51.5 | It moderates to 4.7. |
| 1:54.1 | And, of course, that would be the lowest, you guessed it, since March when it was under 4%. |
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