SOTS 2nd Hour: Tech Stocks Sell-off, Home Depot Results and Is the AI Hype Over? 02/25/25

Squawk on the Street

CNBC

News, Business, Investing

4.1 • 567 Ratings

🗓️ 25 February 2025

⏱️ 44 minutes

🔗️ Recording | iTunes | RSS

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Summary

Stocks under pressure as Tech stocks sell-off and the Nasdaq lags: Carl Quintanilla, Sara Eisen, and David Faber broke down the latest trade and tariff headlines to start the hour, alongside new Consumer Confidence data (registering its largest monthly decline since August 2021). Plus, what tighter trade restrictions on China could mean for markets and the semis – and a fresh read on the economy when it comes to corporate credit, according to the man advising America’s biggest companies on their multi-billion dollar financings, Goldman’s Jonny Fine. Also in focus: Home Depot breaking a 2 year streak of same-store sales declines – how to trade it, and what it could portend for later retail reports; Why the breakout in software stocks is fading; and a discussion of the AI trade with one NYU professor warning: “The revenue isn’t there yet – and might never come” Squawk on the Street Disclaimer

Transcript

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0:00.0	It's Jim Kramer here. You're listening to the opening bell of CBC squawk on the street.
0:04.7	Don't miss a minute of the action.
0:13.9	Good Tuesday morning. Welcome to another hour of squawk on the street. I'm Sarah Eisen here with Carl
0:18.5	Carl Kentonian, David Fab Faber live as always from post
0:20.8	nine of the New York Stock Exchange. Take a look at stocks under pressure again today. Lost the momentum
0:26.0	toward the close yesterday and we're down four-tenths of a percent. Tech getting hit the hardest
0:30.2	again here with the NASDAQ down 1 percent and the Dow hanging in there of 41 points. Treasuries
0:36.4	are a story because we are seeing this big bid for bonds with yields lower.
0:40.7	Look at the tenure down to 4.3%.
0:43.1	The two-year yield just below 4.1%.
0:46.2	This has become the new benchmark.
0:47.6	We know that President Trump watches it carefully and so does the Treasury Secretary.
0:51.1	We're 30 minutes here into the Treasury into the trading session.
0:54.0	Here are some
0:54.7	movers we're watching. Invitya's down again on pace for a third down day. Tesla also under pressure
0:59.9	again, down about 4% right now, lower for a fourth day in a row. Shares of Hymns and hers health
1:06.3	plunging. Earning's beating estimates, but gross margin fell short, raising fears about the company's
1:11.9	GLP1 business. More on that stock and what the story is here later on in the show. Also watching
1:17.2	Craig Dr. Pepper rallying after a top and bottom line beat with net sales up more than 6%.
1:24.3	Stock's reacting here to some numbers on consumer confidence. Let's get to Rick Santelli. Hey, Rick.
1:29.8	Yeah, markets are pretty smart. A stock market going down. Headline confidence coming in at 98.3.
1:37.1	That's February from the conference board. We're expecting a number over 102. Sequentially, significantly
	...

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