SOTS 2nd Hour: PPI Concerns, Charles Schwab’s Chief Strategist, & LIVE: St. Louis Fed President Musalem 8/14/25

Squawk on the Street

CNBC

Investing, News, Business

4.1 • 567 Ratings

🗓️ 14 August 2025

⏱️ 43 minutes

🔗️ Recording | iTunes | RSS

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Summary

Producer inflation data coming in far higher than expected: Sara Eisen and Carl Quintanilla broke down the numbers alongside key commentary out of consumer earnings when it comes to tariffs, before discussing the market impact with Charles Schwab’s Chief Investment Strategist Liz Ann Sonders. Plus: hear the Fed’s first reaction to the inflation print – in CNBC’s exclusive interview with St. Louis Fed President Alberto Musalem spanning the data, the economy, and the possibility of a rate cut in September. Also in focus: huge movers across earnings and new entrants… The CEO of options and equities exchange “Miami International” joined the team ahead of their first trade on the New York Stock Exchange, while Sara brought exclusive commentary from a call with the CEO of Tapestry – as those shares fall to the bottom of the S&P despite a top and bottom line beat. Squawk on the Street Disclaimer

Transcript

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0:00.0	Good Thursday morning. Welcome to Squawk on the street. I'm Sarah Eisen with Carl Continia. We are live from Post 9, as always, of the New York Stock Exchange. David has the morning off.
0:15.2	Stocks are under a little pressure this morning. We've come off the lows of the morning so far, but take a look, S&P down a little more than a tenth of one percent.
0:22.5	NASDAQ is unchanged as tech outperforms and the Dow is down, but a hundred twenty-eight points.
0:27.9	We do have some sectors green, consumer discretionary, communication services, and technology.
0:32.9	Everybody else has read, materials, real estate, and energy are underperforming.
0:36.8	NASDAQ composite, though, just
0:38.0	popping into positive territory. Again, some strength in technology today. As for treasuries,
0:44.3	it's been a busy week of data. We'll talk about PPI in just a moment, but they're selling off.
0:48.6	The yields are a little bit firmer, 10-year yield, 4.265%. The two-year yield a little elevated at 3.7%, but nothing major.
0:57.0	Speaking up, today, the Fed's next move in question after this morning's inflation data, St. Louis, Fed President,
1:03.3	Alberto Mussolam, will join us in an exclusive interview with his first take, and yes, he is a voting member this year.
1:09.8	Plus, Charles Schwab, Lizanne
1:11.1	Saunders, with what this all means for the market and your portfolio and a lack of luxury
1:16.6	tapestry shares getting crushed on concerns about tariffs. I spoke to the CEO about what she is seeing
1:22.1	this quarter. We'll have those headlines for you coming up. But first, Carl, let's dive into that wholesale inflation report, PPI, because the number on
1:32.6	the headline comes in hotter than expected, 0.9%.
1:36.3	That was a big increase.
1:37.5	It was more than expected.
1:38.6	We only expected 0.2% increase.
1:40.8	It was more than we got last year, which was only about a 0% increase. And it's the highest
1:45.0	level since June 2022. So the first instinct is to worry, oh no, all the tariffs are impacting
1:51.9	inflation as people have been worried about. But there are some interesting things in here
	...

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