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Squawk on the Street

SOTS 2nd Hour: Record Highs Roll Along, FICO CEO On The Record, & Restaurant Stock Recs 7/21/25

Squawk on the Street

CNBC

News, Business, Investing

4.1567 Ratings

🗓️ 21 July 2025

⏱️ 43 minutes

🧾️ Download transcript

Summary

Another morning of record highs on the S&P and NASDAQ ahead of a make-or-break week for stocks: Sara Eisen and Carl Quintanilla started the hour with a look at the major earnings coming this week (Alphabet, Tesla, Intel, and more), and what we’ve heard from key companies so far. Barclays Head of U.S. Equity Strategy arguing this will be the first quarter to show the impact of tariffs – but the headwinds just haven’t shown up yet. Plus: a deep dive on new numbers out of Domino’s with an analyst who calls the stock a buy, as their CFO says they’ve seen no geopolitical impact to their business. Also in focus: hear from the CEO of the credit bureau FICO as his company comes under fire for being a “monopoly” – why he says it’s just the most efficient way for the market to operate, how he’s using AI in the business, and more… and the latest on the biggest movers of the day, from Sarepta to Apple to LVMH. 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 Continia. David Faber has the morning off. We are live, as always, from post nine of the New York Stock Exchange. Stock's kicking off the week in the green after an up week. Record territory here, up half a percent on the S&P 500. Dows up 160. And the NASDAQ charges ahead as it has been, up 7 tenths of 1%.

0:21.2

Big week of earnings coming your way.

0:23.3

Take a look at Treasuries as we kick off the week.

0:26.0

Get the Fed meeting later in the next week, later in the month.

0:30.2

The 10-year yield, 4.36%, 30-year yield, just below 5%.

0:34.7

So there's buying right now.

0:36.5

Head this hour and make-or or break week for the market.

0:38.7

Major earnings are coming from Alphabet, Tesla, Intel, and more. We'll tell you about what we've

0:42.9

already heard from companies and what could be coming. And shares of credit score company FICO

0:48.2

under serious pressure lately as FHFA, Chief Bill Pulte, targets the firm over fees and competition.

0:54.6

FICO CEO will join us with his response.

0:57.0

Pretty much one major print today on the economy.

0:59.5

Let's get L-A-I with Rick Santelli.

1:01.0

Morning, Rick.

1:02.4

Good morning, and it's a negative print.

1:05.1

Minus 3 tenths and percent is our June read on leading economic indicators.

1:09.8

And you can see the market in a 10-year yield right now at 4.35, down a half dozen base points.

1:15.9

That's making new low yields, new high prices on the session.

1:20.2

Now, that would be seven consecutive negative months in a row on LEI.

1:25.6

The last positive month was in November. So we do see that this weakness,

1:30.8

of course, is a market-moving event, especially considering it goes against the grain of some of the

1:36.4

recent data that we've had, which really shows the economy is pretty healthy, all things

...

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