SOTS 2nd Hour: Talking Tariff Impacts, Goldman’s Credit Head, & LIVE: Coca-Cola CEO 7/22/25

Squawk on the Street

CNBC

News, Business, Investing

4.1 • 567 Ratings

🗓️ 22 July 2025

⏱️ 42 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Earnings season officially kicking into high gear: Sara Eisen, Carl Quintanilla, and David Faber kicked things off with a breakdown of where things stand on the tariffs front – and how companies are navigating the impact across the autos, the homebuilders, and the defense complex. Key names? General Motors, D.R. Horton & Pulte, along with Northrop, Lockheed Martin, and RTX. Coca-Cola a laggard following results there as well – hear Chairman & CEO James Quincey breakdown the numbers, plus their shift into cane sugar this hour… And why NXP Semiconductor’s disappointing results could be a canary in the coal mine for other chip stocks. Plus: U.S. debt will be riskier ahead, according to Goldman’s Credit Chief Jonny Fine – he joined the team at Post 9 with his take on the markets… And don’t miss a deep-dive with the CEO of PNC on the heels of a new crypto partnership with Coinbase.

Transcript

Click on a timestamp to play from that location

0:00.0	Good Tuesday morning. Welcome back to Squawk on the Street. I'm Sarah Eisen with Carl
0:03.7	Cantony and David Faber's back. We are live from post nine of the New York Stock Exchange. Take a look at stocks. We are hovering their record highs for the S&P and the NASDAQ. Given back a little bit today, not much on the S&P down a third of 1%. NASDAX is a little bit weaker. This comes ahead of some mega-cap tech earnings that are coming later this week.
0:22.6	Nazex down about a percent right now. little bit weaker. This comes ahead of some mega-cap tech earnings that are coming later this week.
0:22.6	Nazex down about a percent right now. As for treasuries in the early action, it's a light date a week,
0:27.8	but there's buying that continues. Yields lower. 10-year yield, 4.34. Two-year yield, 3.8%.
0:34.1	Coming up this hour, first on CNBC interview with the Coca-Cola CEO, James Quincy,
0:39.6	fresh off earnings following news this morning about the upcoming launch of a new cane-sugar-based
0:44.7	drink in the United States after President Trump talked about it last week. And then Goldman Sachs's
0:50.1	head of corporate credit, Johnny Fine, lays out his thoughts on the bond market, the Fed, and much more.
0:55.5	We are getting some breaking news on PNC Financial. For that, we're going to turn to Leslie Picker.
0:59.6	Morning, Leslie. Good morning. PNC announcing that it has entered a strategic partnership with Coinbase.
1:06.3	The arrangement will expand access to digital assets for PNC's banking clients and institutional investors,
1:13.0	and PNC will provide banking services to Coinbase. Shares of Coinbase down about 3.7% PNC up slightly.
1:21.4	According to the release, the two companies will develop an initial offering that will allow
1:25.1	clients to buy, hold, and sell cryptocurrencies.
1:28.3	The head of Coinbase Institutional saying in the release that it will be supporting PNZ's, quote,
1:33.4	entry into the digital asset market with our crypto-leading, or leading crypto as a service platform,
1:38.9	which provides PNC with a powerful set of tools to develop a scalable, high-growth business built on a foundation
1:46.4	of uncompromising security.
1:48.9	Kind of in this space, J.P. Morgan sang last month that it was partnering with Coinbase to
1:53.4	pilot JPMD, a deposit token managed by blockchain technology.
1:58.6	And guys, later in the hour, we'll sit down exclusively with Bill
	...

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.