SOTS 2nd Hour: Tariffs Deep-Dive with Peter Navarro, & the Jobs Report Breakdown 3/7/25
Squawk on the Street
CNBC
4.1 • 567 Ratings
🗓️ 7 March 2025
⏱️ 50 minutes
🧾️ Download transcript
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| 0:00.0 | Good Friday morning. Welcome to another hour of Squawk on the Street. I'm Sarah Eisen with Carl |
| 0:04.2 | Kintanilla and David Faber, live as always from post nine of the New York Stock Exchange. |
| 0:09.0 | Things are looking a little bit better today, although the S&P 500 is unchanged. Nasdaq higher by about, |
| 0:15.1 | I don't know, a tenth of one percent. We do have some groups under the hood that are rallying today. |
| 0:20.2 | Energy, for instance, stocks up 1.4% |
| 0:22.8 | utilities, so it's a little defensive. Technology is doing better up a half a percent. Real estate, |
| 0:28.2 | industrials and materials. Everybody else is lower. Financials getting hit again down another 1% for the week. |
| 0:34.7 | The financials group down 6 and a quarter percent. We're also tracking for big weekly declines. The S&P, for instance, is down more than three and a half a half financials group down 6.5%. We're also tracking for big weekly |
| 0:38.7 | declines. The S&P, for instance, is down more than 3.5% on the week. The NASDAQ down almost 4%. Take a look |
| 0:46.1 | at treasuries. It's been mostly buying treasuries with lower yields. That continues today, but there was a little pop |
| 0:52.7 | yesterday off those German boond yields, which have gone crazy lately. |
| 0:55.9 | The 10-year yield, 4.25% will digest jobs in just a moment. |
| 1:00.8 | Also, big interview, just moments away. |
| 1:03.1 | White House Senior Counselor for Trade and Manufacturing, Peter Navarro, with us. |
| 1:07.2 | His take on the latest tariff moves and jobs data. |
| 1:10.4 | It has been a week. But first, 30 minutes |
| 1:13.2 | here into the trading session. Here are three big movers we're watching. Broadcom shares higher |
| 1:17.5 | after stronger than expected numbers and guidance from the chip maker, more on the streets' reaction |
| 1:21.6 | and what it means for the semis overall, which are now technically trading in bare market, |
| 1:26.2 | which means they're 20% off the recent highs, |
| 1:29.4 | though that's why the tech sector is a little bit higher today |
| 1:32.0 | because of Broadcom. |
... |
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