SOTS 2nd Hour: RBC's Market Take, a "Once-In-A-Generation" Opportunity, & Retail's Holiday Winners/Losers 12/1/25

Squawk on the Street

CNBC

Investing, News, Business

4.1 • 567 Ratings

🗓️ 1 December 2025

⏱️ 43 minutes

🔗️ Recording | iTunes | RSS

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Summary

Carl Quintanilla, Sara Eisen, and Michael Santoli kicked off the hour with fresh data and a breakdown of what Black Friday's numbers are saying about the consumer... Plus: the market set-up into year-end with RBC's Head of U.S. Equity Research. Market veteran Ruchir Sharma also joined the broadcast with his take, and what he's calling a "once in a generation" market opportunity - before the team talked top holiday retail picks with one of the street's top analysts in the space. Also in focus: Details on Nvidia's new partnership with Synopsis sending those shares surging... The state of the race to buy Warner Bros. Discovery... And the Bitcoin breakdown as prices plunge in early trading. 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 Carl Cantania and Mike Santoli today.
0:05.3	We are live from post nine of the New York Stock Exchange. David Faber has the week off.
0:09.3	Today, stocks coming off a volatile November, but Rockefeller's Rochere Sharma says there's now a generational opportunity in one specific part of the market.
0:17.6	He'll join us to explain. Plus, as crypto takes another leg lower, RBC's Lori
0:21.8	Calvesinas with us to explain why Bitcoin needs to stabilize in order to calm nerves in this market.
0:28.1	And the latest on Airbus, as shares of the aircraft maker fall on reports about quality
0:32.7	issues on dozens of planes. Been a busy morning for some manufacturing surveys.
0:37.9	Let's get back to Rick Santelli.
0:39.3	Hey again, Rick.
0:41.0	Yes, Carl, there's some surprises here.
0:43.6	On the ISM side of the PMIs, the manufacturing for November, these are fresh numbers.
0:49.6	48.2, that's definitely on the light side.
0:52.5	That'll be the lightest since July. If you look at prices paid
0:55.8	58.5 higher than expected and in this series prices paid higher is not necessarily better.
1:03.0	58.5 would be the hottest prices paid going back to September of this year. And if we look at new
1:08.8	orders, a very big disappointment here.
1:11.6	47.4, 47.4 weakest since July. And finally on the employment front,
1:17.6	44.0, another big miss, following a 46.44.0 would be the lightest read since August.
1:25.6	And sequentially, while all the important numbers are sequentially lower.
1:29.7	The only one sequentially higher is price is paid.
1:32.2	And as I pointed out, we'd rather have that moving lower.
1:35.2	Interest rates across the globe have some upward pressure.
	...

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