SOTS 2nd Hour: SCOTUS Tariffs Hearing, Lemonade CEO Talks AI Insurance, & LIVE: Bank of America CEO 11/5/25

Squawk on the Street

CNBC

Business, Investing, News

4.1 • 567 Ratings

🗓️ 5 November 2025

⏱️ 42 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Sara Eisen, Carl Quintanilla, and David Faber kicked off the hour with a slew of fresh data on the economic front - and more on what investors need to know as the Supreme Court kicks off Day 1 of arguments around the legality of President Trump's global tariffs... Plus: Bank of America CEO Brian Moynihan joined the team with his read on the economy, live from the company's first investor day in more than 15 years - while the CEO of Lemonade gave his take on how AI is changing the insurance business as those shares surge post-results. Also in focus: the growing bidding war between Novo Nordisk and Pfizer that could impact the future of the weightloss market... and a deep-dive on what's driving Pinterest shares to their worst day on record.

Transcript

Click on a timestamp to play from that location

0:00.0	Good Wednesday morning. Welcome to Squawk on the Street. I'm Sarah Eisen with Carl Kintania and David Faber.
0:04.9	We are live for you as always at post-9 of the New York Stock Exchange. Coming up this hour,
0:09.1	the Supreme Court case that all of Wall Street is watching. As justices hear arguments today
0:13.9	and the case around President Trump's authority to impose tariffs will take you live to Washington for the latest.
0:19.7	Plus Bank of America holding its first investor day in more than a decade.
0:23.4	CEO Brian Moynihan will join us exclusively to discuss and lemonade, adding to big gains on the year this morning after solid results.
0:30.9	We'll talk to that company's CEO about the intersection of AI and insurance.
0:35.5	Got some PMIs last hour.
0:37.2	Now it's time for ISM.
0:38.3	Let's get back to Rick Santelli.
0:39.6	Hi again, Rick.
0:41.3	Hi, Carl.
0:41.9	Well, this is a different story.
0:43.2	You see, yield zoom, zoom, zooming.
0:45.2	That's because of the following data points.
0:48.4	October read on ISM services are strong.
0:52.2	52.4 is the headline well above expectations.
0:56.4	Two and a half points above our last look sequentially strong.
0:59.7	Best since Feb of this year when it came in at a strong 53.5.
1:04.8	Prices paid moving the wrong way.
1:07.4	Another reason yields are going up.
1:09.4	70.0.
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from CNBC, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of CNBC and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.