SOTS 2nd Hour: Stocks Gain, Earnings Wrap-Up, Plus: Bank of America Chairman & CEO 04/15/25

Squawk on the Street

CNBC

Business, Investing, News

4.1 • 567 Ratings

🗓️ 15 April 2025

⏱️ 43 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Another day of gains on the S&P, Dow, and Nasdaq: all in the green for the first hour of trade… David Faber, Carl Quintanilla, and Sara Eisen broke down the latest for stocks on a busy morning of headlines and reports. Why the head of investing for Morgan Stanley’s Wealth Management division says U.S. equities are worth holding onto – and a deep dive into 3 tariff headlines: China reportedly halting Boeing deliveries as trade tensions intensify, Trump’s new investigation into pharmaceutical imports (and potential road to new tariffs on the industry), and LVMH’s consumer concerns – as they warn of a “disrupted geopolitical and economic environment”. Also this hour: a wide-ranging interview with Bank of America Chairman & CEO Brian Moynihan, fresh off quarterly results there… Key Topics? Markets, Bonds, Consumer Trends, and more. Squawk on the Street Disclaimer

Transcript

Click on a timestamp to play from that location

0:00.0	Market Moving Insight and Analysis.
0:02.1	Join Jim Kramer, David Faber, and me, Carl Kintanilla,
0:04.8	on the opening bell hour of CNBC Squawk on the Street.
0:15.8	Good Tuesday morning and welcome to another hour of Squawk on the Street.
0:19.3	I'm Sarah Eisen with Carl Kintania and David Faber. We are live as always from post nine of the New York Stock Exchange. How are we doing with stocks? Not too shabby this Tuesday morning so far. The S&P 500 up a little more than a half a percent. The NASDAQ up 610. So tech is leading the charge. The Dow is up 172 points. Only group that's lower right now is health care. Everybody else up. Finanials are best
0:41.2	performers. leading the charge. The Dow is up 172 points. Only group that's lower right now is health care.
0:38.7	Everybody else up. Financials are best performers right now. We've got some more bank earnings to get through.
0:44.7	Energy is also coming back strong, up more than 1% as a sector. Take a look at Treasury's. Source of the drama last week.
0:50.7	Things have calmed down, at least yesterday. Today, we're seeing slightly higher yields,
0:54.7	4.37 on the 10-year, two-year elevated at 385. We are 30 minutes here into the trading session.
1:00.9	Here are three big movers we're watching. More results out of banks as mentioned. Bank of America
1:05.0	and City reporting. Bank of America CEO Brian Moynihan calling out a resilient consumer in the release. He's going to join us this hour in a first on CNBC interview.
1:14.1	You do not want to miss. We're going to dive a lot deeper into what they are seeing.
1:18.0	Johnson and Johnson topping earnings estimates, boosting their outlook, not helping the stock, though, which is down a little more than 1%.
1:23.9	We're going to break those numbers for you in a moment. And then HPE shares are surging.
1:30.3	Elliott Management, taking a billion dollar stake in HPE. That's according to a source familiar
1:34.7	with the matter. Stocks down more than 25 percent year to date. But guys, wanted to dive into
1:42.2	inflation today because it was a quite a quiet data release.
1:45.2	We did get import prices, and that's very much in focus because, A, it's an inflationary input.
1:50.8	And B, a lot of people think they're going to surge because of the tariffs, obviously.
1:54.3	It's what we pay on imports coming in.
1:57.2	We got a really good surprise there as far as lower inflation. A negative number, negative
	...

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.