SOTS 2nd Hour: Stocks Rebound, Tesla’s Electric Slide - Plus Eli Lilly & Workday CEOs 2/26/25

Squawk on the Street

CNBC

News, Business, Investing

4.1 • 567 Ratings

🗓️ 26 February 2025

⏱️ 46 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Stocks rebounding after 4 days of back-to-back losses on the S&P and Nasdaq – Carl Quintanilla, Sara Eisen, and David Faber discussed the latest for stocks when it comes to earnings and news overnight that President Trump could target copper in his next round of tariffs. Charles Schwab’s Chief Investment Strategist Liz Ann Sonders broke down her outlook for stocks, as she points to growth concerns as a bigger driver than inflation here. Plus, the team broke down New Home Sales data top of 10. 2 big CEO interviews this hour: Workday’s CEO as shares rise on a big earnings beat – plus, the Chairman & CEO of Eli Lilly talking the company decision to expand its manufacturing here in the US. Also in focus: Tesla’s market cap falls below $1T – what’s driving the action; The numbers to watch when Nvidia reports results tonight; and Amazon’s Alexa product news. Squawk on the Street Disclaimer

Transcript

Click on a timestamp to play from that location

0:00.0	Good Wednesday morning. Welcome to another hour of squawk on the street. I'm Sarah Eisen with Carl Cantania and David Faber, live as always from post nine of the New York Stock Exchange. Stock's pushing higher so far in today's tradeoff, a half a percent, a little more than that in the S&P 500. Who's in the lead? Financials and industrials. Those are best performing sectors. Actually, you've got information technology also gaining, and that's helping the overall averages. Look at the NASDAQ up a full, almost percent. We have some ground to make up for this week, but looking strong early this morning. Take a look at Treasuries. The trend has been buying bonds, pushing yields lower. That reverses a little bit today with the 10-year sitting at 4.3 and the
0:38.1	two-year yield at 4.125. We're 30 minutes here into the trading session. Here are some of the big
0:43.4	movers we're watching. A lot of news from the automakers. Tesla shares trying to rebound after its
0:48.4	market cap actually fell below a trillion dollars, GM raising its dividend and buying back stock,
0:54.0	and then
0:54.2	Stalantis car sales dropping retailers also on the move after results from
0:58.3	Lowe's TjX and more TJX higher despite guidance coming in a little bit light
1:04.2	and then check out the move in super micro surging after reporting delayed
1:08.0	financial results just in time to avoid a possible delisting by the NASDAQ exchange,
1:13.5	the stock had been under pressure after the company lost its auditor over governance and board independence issue.
1:19.6	It's been a roller coaster ride, now up 16%.
1:23.0	Got some new home sales out a few moments ago.
1:25.5	Let's get to Rick Santelli.
1:26.6	Morning, Rick.
1:28.1	Good morning, Carl. Indeed, these are January new home sales out a few moments ago. Let's get to Rick Santelli. Morning, Rick. Good morning, Carl.
1:29.4	Indeed.
1:29.7	These are January new home sales.
1:31.7	Remember, there may be a weather effect.
1:33.7	People are trying to decide if the California fires will have a future effect.
1:37.8	But one thing I could tell you is it's a weak number.
1:41.7	$657,000 seasonally adjusted annualized units respecting the number about 30,000 higher.
1:48.3	And last month had a huge revision from under 700,000 over to 734,000, which would have made it
	...

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.