SOTS 2nd Hour: Semis Surge, Fmr. Treasury Secretary Lew & The Big Banks Breakdown: Day 2 1/15/26

Squawk on the Street

CNBC

Business, Investing, News

4.1 • 567 Ratings

🗓️ 15 January 2026

⏱️ 43 minutes

🔗️ Recording | iTunes | RSS

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Summary

Carl Quintanilla, Sara Eisen, & David Faber kicked off the hour with fresh jobs data boosting stocks - as tech stocks surge in early trading thanks to strong results out of the world's biggest semiconductor manufacturer. The team broke down both stories and their market impact with one longtime market veteran, before also diving into the banks this morning as Goldman Sachs and Morgan Stanley gain post-results. Also in focus: U.S.-Iran tensions simmering after new sanctions were announced during the hour - hear veteran energy expert Helima Croft's take on the action... and a deep-dive on what's next in the DOJ's Powell probe with former Treasury Secretary Jack Lew, who calls Fed independence "one of the underpinnings of our economy". 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
0:09.7	Kintania and David Faber. We are live as always from post nine of the New York Stock Exchange.
0:14.4	Coming up on today's show, former Treasury Secretary Jack Liu with us to talk about the
0:18.8	investigation and to Fitzger Powell, the macro setup as more
0:22.1	data rolls in. Plus, oil prices getting whipped around here in recent days as headlines out of
0:26.7	Venezuela and Iran move forward. RBC's Halema Croft will join us to separate the news from the noise.
0:33.1	And chip stocks in focus this morning as Taiwan Semi reports a 35% jump in profit.
0:37.5	We'll look at the other names getting a boost from that report.
0:40.8	But guys, we got to talk about jobless claims.
0:43.2	That was a wow good news report.
0:46.0	Yes, we get jobless claims every week.
0:47.6	Yes, there's seasonal volatility.
0:49.1	But to see the number drop below 200,000 for the last week?
0:54.6	And then a revision lower for the prior week?
0:57.1	That's really good news.
0:58.3	It means that fewer Americans than economists were looking for are filing for unemployment
1:03.1	claims.
1:04.1	We're at a six-week low.
1:05.7	Lowest level since November 29th on jobless claims.
1:08.3	The four-week moving average, which sort of smooths out some of the bumps
1:11.4	around the weekly numbers, also down to 205 and the lowest since January 20th, 2004. We got
1:19.3	a market reaction out of this one. We saw bonds, for instance, sell-off, higher yield, especially
	...

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