SOTS 2nd Hour: Tariff Whiplash, Nvidia Expectations, and Musk’s “24/7” Promise 5/27/25

Squawk on the Street

CNBC

Investing, Business, News

4.1 • 567 Ratings

🗓️ 27 May 2025

⏱️ 42 minutes

🔗️ Recording | iTunes | RSS

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Summary

Stocks gaining as President Trump delays the deadline for a new 50% tariff on EU goods – Carl Quintanilla, Sara Eisen, and David Faber kicked off the hour discussing market implications of the move with Interactive Broker’s Chief Strategist, who also brought some fresh data on the most traded stocks on the platform. Plus: How investors and companies should be navigating the fast-changing developments out of Washington with a panel of trade experts… And more on what to watch when it comes to Nvidia earnings - with one analyst forecasting huge gains ahead. Also in focus: A deep-dive on one sector falling behind in the AI Arms Race… A look at this weekend’s record-breaking box office… And more on Musk’s promise to get back to work that’s boosting Tesla shares. 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,
0:05.1	live as always from post nine of the New York Stock Exchange. Kicking off the week on a high note here for the markets.
0:10.3	The S&P up a firm 1.3%. We've got every sector higher right now. And the leader, well, it's technology.
0:17.9	That's why the NASDAQ is also charging ahead. 1.7% information technology is your best performing sector, followed by consumer discretionary
0:24.6	and communication services.
0:26.6	Energy doing the least best, up a quarter of 1%.
0:29.6	Take a look at treasuries right now as we also kick off the week.
0:32.6	We start with buying.
0:33.6	It started in Japan.
0:35.6	That was seen as a relief and then continued through the U.S.
0:38.8	The 10-year yield below 4.5%. It's 4.48%. And importantly, the 30-year yield moves below 5%.
0:47.1	Ahead this hour. Invidia gearing up for earnings this week. The stock getting a lift this morning
0:51.7	on a report surrounding lower priced AI chips for
0:55.0	China. We've got new details straight ahead. Plus, we will talk about the tariff whiplash
0:59.6	and how investors and companies should be navigating fast-changing developments here out of Washington
1:04.1	as President Trump now dials back the pressure on the EU and markets reward it.
1:10.0	Let's get some conference board with Rick Santelli this morning. Hey Rick.
1:14.3	Yes, and there are some surprises here. This is our May read on consumer confidence from the
1:19.7	conference board. On the headline number, we're expecting a number somewhere north of 87.
1:24.6	Comes in strong, 98.0.
1:27.7	That is the best number since February of this year, but I want to point out something.
1:32.0	In the rearview mirror, last month's revision from 86 to 85.7 means that last month's
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