SOTS 2nd Hour: The Big Banks Breakdown, Value Investing Picks, & A Washington Wrap-up 1/14/26

Squawk on the Street

CNBC

Business, Investing, News

4.1 • 567 Ratings

🗓️ 14 January 2026

⏱️ 44 minutes

🔗️ Recording | iTunes | RSS

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Summary

Carl Quintanilla, Sara Eisen, & David Faber kicked off the hour with a banks breakdown - including key commentary from executives - before breaking down a number of macro headlines (from Powell pressure to a possible SCOTUS tariffs decision) with former Cleveland Fed President Loretta Mester along with Raymond James' lead U.S. policy analyst. Plus: the value investing playbook with one longtime investor in the space - Oakmark's Bill Nygren... and the latest out of a congressional underway this hour to potentially ban stock trading by lawmakers. Also in focus: Tesla making a big shift when it comes to their Full Self Driving tech - what it means for consumers and shareholders... and a deep-dive on the key names getting hit by renewed scrutiny in China. Squawk on the Street Disclaimer

Transcript

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0:00.0	Good Wednesday morning. Welcome to Squawk on the Street. I'm Sarah Eisen with Carl Kintanian, David Faber, live as always from post-9 of the New York Stock Exchange. We're beginning here with breaking news this hour as we await a potential Supreme Court decision on President Trump's tariffs, which could come this hour. Let's get right to our Eamon Jabbers in Washington with a look at what to expect as we await whether we'll get that decision today, Amen.
0:21.6	Yeah, Sarah, we don't know whether we're going to get that decision. What we know is that the Supreme Court has said it has what they call two boxes of decisions this morning. So we are going to get some decisions from the Supreme Court. We just don't know which ones. They're expected at the top of the hour at 10 a.m. But this could trickle out
0:37.8	over a couple of minutes as we see those decisions being issued by the Supreme Court. So we're
0:43.7	going to watch and wait here. But at stake is the president's, more or less the president's
0:48.8	entire tariff agenda. This is, remember, just the IEPA tariffs. That's the International
0:53.4	Emergency Economic Powers
0:55.1	Act, and at stake is about $133 billion worth of tariffs that the president and the administration
1:01.2	have collected during the course of this past year.
1:05.0	Does the Supreme Court say those tariffs were collected unconstitutionally and therefore does the administration have to
1:12.1	reimburse that money to the companies that paid? That's what's on the line here. Or could we get
1:17.6	some sort of more muddled Supreme Court decision, which is a lower threshold than invalidating
1:23.7	the entire thing and in forcing the administration to pay back the money.
1:27.9	We just don't know as we sit here.
1:30.0	So we're going to watch this is this exciting stuff.
1:32.8	This is live TV breaking news without a safety net and we'll see what we got.
1:38.0	All right, Amon, we will get back to you as soon as you know something.
1:41.1	Let's get some economic data that just crossed from Rick Santelli.
1:44.0	Diana Ollick also has some news for us as well. Rick, we'll start with you.
1:48.7	Yes, David, business inventories for October. Fourth quarter number, expected up one tenth of a
1:53.7	percent comes out up three-tenths of percent. And last month also joins the Up Three-Tens Club,
2:00.2	a revision from up two tens.
2:02.1	So back-to-back three-tenths for November and October,
	...

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