SOTS 2nd Hour: TikTok SCOTUS Decision & Analysis 01/11/25

Squawk on the Street

CNBC

News, Investing, Business

4.1 • 567 Ratings

🗓️ 17 January 2025

⏱️ 57 minutes

🔗️ Recording | iTunes | RSS

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Summary

Breaking news this hour as the Supreme Court issued their opinion on Tiktok, voting unanimously to uphold the federal law banning the app beginning Sunday unless it’s sold by its China-based parent company Bytedance. Sara Eisen and Michael Santoli broke down the news with analysis from Wall Street to Washington, including but not limited to: a Bytedance investor, a former NSA General Advisor, an analyst who covers social media stocks, and CNBC’s own Eamon Javers alongside Julia Boorstin, with headlines throughout the hour.

Transcript

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0:00.0	Market moving insight and analysis.
0:02.1	Join Jim Kramer, David Faber and me, Carl Cantonia on the opening bell hour of CNBC Squawk on the Street.
0:12.8	Good Friday morning.
0:16.0	Welcome to another hour of Squawk on the Street.
0:18.0	I'm Sarah Eisen with Mike Santoli, live at post 9 of the New York Stock Exchange.
0:21.6	David and Carl have the morning off. Stocks are rallying here and adding to gains that we've seen all week.
0:26.6	We're now up almost 3% on the week for the S&P 500, adding a full percent right now.
0:31.8	NASDAX up 1.3 percent. So technology is back in the lead. You've got two sectors lower, utilities and health care.
0:39.7	Invidia is driving the charge here.
0:41.8	Broadcom, Tesla, Amazon, Microsoft, Apple, all higher in today's session.
0:46.2	Take a look at Treasuries.
0:47.1	We've seen yields now turn around.
0:48.8	They're lower, 4.6% on the 10-year, 30-year, 4.8%.
0:52.7	The buying of Treasuries has been helpful for stocks this week.
0:56.4	Absolutely, with some Goldilocks data up and down past few days. We are keeping a close eye
1:00.7	on the Supreme Court this hour, as the justices have been debating whether to step in and block
1:05.4	a potential TikTok ban from going into effect this Sunday. We'll bring you that opinion
1:10.4	if and when it happens during this hour.
1:13.1	We are 30 minutes here into the trading session.
1:14.9	Here are three big movers we're watching.
1:17.1	J.B. Hunt slumping, the transportation company missing profit estimates
1:20.9	with higher expenses and lower truck count hitting revenue.
	...

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