SOTS 2nd Hour: Tariff Updates, Earnings Wrap-up, and Is This Rally Real? – plus: Coca-Cola CEO Talks Results 4/29/25

Squawk on the Street

CNBC

Business, Investing, News

4.1 • 567 Ratings

🗓️ 29 April 2025

⏱️ 43 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Fresh news on the tariff front when it comes to potential deals – and hopes of relief for the automakers… Carl Quintanilla, Sara Eisen, and David Faber broke down the latest from the White House, alongside the morning’s biggest earnings stories: from GM pulling guidance and delaying their conference call to Coca-Cola’s strong consumer quarter – including a deep-dive with CEO James Quincey himself. Plus: what UPS, Honeywell, and other key bellwethers are saying about demand here – and what comes next for stocks with one former head of the Institute of International Finance… Also in focus: growing concerns about housing’s crucial spring selling season – the CEO of Compass joined Post 9 with more on what he’s seeing when it comes to prices… And details on a new controversy surrounding Nike’s latest advertising campaign Squawk on the Street Disclaimer

Transcript

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0:00.0	Good Tuesday morning. Welcome to Squawk on the Street. I'm Sarah Eisen with Carl Cantania and David Faber
0:05.0	Live as always from post nine of the New York Stock Exchange. Stocks little changed were down a little bit in the S&P 500, but there's strength in groups like real estate, materials, information technology, higher, utilities up as well. The Dow 119 points up. The NASDAQ down about a quarter of 1%. It's all about earnings.
0:23.6	Fed's in quiet period. Remember, we'll get some more economic data later in the week as well to
0:27.4	chew on. Take a look at treasuries right now. And we'll get some more this up this morning as well.
0:32.6	Joltz and consumer data. Ten year yield, 4.185%. So there's buying of treasuries. Yield are a little bit lower.
0:41.4	Two-year yield also lower at 366. Let's get some conference board and jolts with Rick Santelli.
0:46.7	Hey, Rick. Yes, and do watch yields moving down. Ten-year yields blow yesterday's lows. Now let's get
0:53.9	to the data. Consumer confidence is the reason. These are April numbers expecting a headline number of 88. We come in at 86.0. Weakest since April of 2020. And if you look at present situation, 133.5, this is the best out of the three.
1:14.0	This is only the weakest since step of 24.
1:16.4	And if we look at expectations, 54.4.
1:21.0	You have to go all the way back to October of 2011 to find a lower number on confidence.
1:28.7	You know, many were wondering what was cross-fertilizing what?
1:32.5	Equities were looking really green.
1:34.8	Interest rates moving down.
1:36.4	Fertilizing the equities, but maybe the interest rates moving down has more to do with
1:41.1	slowness, but I do caution. These confidence numbers can be a bit
1:45.0	squishy and the uncertainty could have an over-traumatic effect on it. Now let's look at job
1:50.2	openings and labor turnover known as jolts. This is for March, expecting the number around
1:55.1	$7.5 million. We come in light, $7,192,000., smallest job opening level since CEP of 24.
2:04.3	As we continue to watch yields move down and a slight reversal on the green inequities,
2:09.9	but still on the Dow at least, some pretty deep green.
2:13.4	David, back to you.
	...

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