SOTS 2nd Hour: The Inflation Debate, El-Erian’s Bull Call, & Nvidia: Buy, Sell, or Hold? 7/16/25

Squawk on the Street

CNBC

News, Business, Investing

4.1 • 567 Ratings

🗓️ 16 July 2025

⏱️ 43 minutes

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Summary

Another promising read on inflation this morning: Sara Eisen and Carl Quintanilla kicked off the hour discussing where things stand when it comes to prices, tariffs, and the broader market rally before diving into the tech trade with Melius’s Ben Reitzes – who argues Nvidia could be the first company worth $5T. Plus: hear from longtime market veteran and Allianz Chief Economic Advisor Mohamed El-Erian about what’s next from the Fed… And why he says a rate cut could come sooner than expected. Also in focus: new numbers out of Bank of America, Goldman Sachs, and Morgan Stanley – what investors should know, this hour; the latest from Capitol Hill on the crypto front, as Bitcoin and related stocks rally; and a deep-dive on whether the wealthy really would leave NYC if Zohran Mamdani is elected mayor. 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
0:11.0	Kintania. David Faber has the morning off. We are live at Post 9, as always, from the New York Stock Exchange.
0:16.1	Stocks are kicking off the morning, green mostly. We've lost a little bit of the morning gains,
0:21.0	though. The S&P unchanged. NAD lost a little bit of the morning gains, though,
0:25.6	the S&P unchanged. Natsat comes off a record high, but again, just a mini sell-off here.
0:30.4	What's working today, real estate, healthcare, financials are having a good day on earnings,
0:35.0	utilities and consumer staple. So a little bit more of a defensive feel to today's rally.
0:39.2	Technology is giving back some of the gains. Of course, chips have been very much in the lead, which we'll talk about lately. Take a look at treasuries right now. Reaction
0:44.1	to PPI, wholesale inflation comes in not so hot, and the market rallies, at least bonds rally,
0:50.6	a 10-year yield lower, 445 after we saw firming yields yesterday on CPI, two-year
0:57.4	yield just below 4%. Today, it's not just NVIDIA. How resuming China sales could give a big boost
1:02.2	to AMD as well. We've got some new details. Plus, what a cooler than expected inflation report
1:07.3	means for the Fed. Mohammed Al-Alerian joins us live with his first take on the morning data.
1:12.9	We are 30 minutes here into the trading session here.
1:14.8	Three big movers we're watching on the earnings front.
1:17.4	Johnson and Johnson, top gainer, beating expectations, raising guidance while ASMLs falling in the opposite direction after the CEO there said he, quote, cannot confirm the chip company will grow in
1:28.2	2006. Shares of payments process are global payments in the green after report activist
1:33.4	investor Elliott management has built a, quote, sizable stake in the name. Shares are more than
1:38.4	60% off their 2021 all-time highs. And then keep an eye on the automakers today. Shares of French
1:43.7	automaker, Renault, slumpump double digits after that company lowered guidance
1:48.0	and appointed a new interim CEO.
1:51.0	Down 18% right now.
	...

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