SOTS 2nd Hour: Trump Trade Tensions Latest, Bitcoin Bedlam, & Powell Under Fire 7/14/25

Squawk on the Street

CNBC

News, Business, Investing

4.1 • 567 Ratings

🗓️ 14 July 2025

⏱️ 43 minutes

🔗️ Recording | iTunes | RSS

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Summary

Stocks opening lower as the street works through the President’s new threat of 30% tariffs on Mexico and the EU: Carl Quintanilla and Sara Eisen discussed the latest for stocks and global trade with Citi’s U.S. Equity Strategist Scott Chronert (who says the S&P’s rally has legs here) along with Rockefeller International Chairman Ruchir Sharma, who’s pointing to a rare winner abroad. Market movers today across a myriad of industries: hear more on what’s driving the rally in Bitcoin prices… the set-up for the banks into earnings this week… and why the street’s getting bullish on Fastenal. Also in focus: where to put your money to work in the autos with one analyst who calls Tesla an easy buy here – despite the release of a key competitor in China (with a live read from Beijing this hour) and more headlines around possible xAI investments

Transcript

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0:00.0	Good Monday morning. Welcome to Squawk on the Street. I'm Sarah Eisen with Carl Kintanilla. We are live from post 9 of the New York Stock Exchange. David Faber has the morning off.
0:08.0	Stocks are under a little bit of pressure this morning.
0:09.7	Nothing dramatic, though, after our new tariff threats over the weekend.
0:13.0	The S&P down two-tenths of 1%. NASDAQ pulls back just a little bit less than that.
0:14.9	And the Dow down 50 points.
0:17.7	As for treasuries this morning, we get a lot of data coming this week.
0:20.3	Show you where we are. little bit less than that and the Dow down 50 points as for treasuries this morning we get a lot of
0:23.7	data coming this week show you where we are mixed picture there's buying at least at the front end of the
0:22.6	curve all the way to the tens 4.413 the 30 year a little bit firmer long bonds are surging actually
0:27.6	yields around the world that's been a a story. We're sitting in Japan,
0:34.4	seeing it in Europe, the 30-year yield just below that 5%. Today, trouble in China for Tesla,
0:37.6	why a newcomer to the electric vehicle market could pose a fresh threat to Musk's empire.
0:43.2	And as President Trump warns of 30% tariffs in the EU in Mexico, Roushear Sharma here to tell us about the potential impact on the global market and the global
0:48.6	economy.
0:57.6	Carly mentioned it's a big week for the markets.
0:58.9	That's because we got a lot of economic data and a lot of important earnings.
1:01.1	So the biggie is going to come tomorrow, CPI, inflation.
1:04.3	We're trying to figure out whether these tariffs are spurring higher consumer prices.
1:07.1	That's been the story. So far, they haven't. Let's see what CPI holds for June tomorrow.
1:13.0	And PPI, too. That's the wholesale prices. We'll also get a read on the consumer with retail sales,
1:17.0	which I'm looking forward to on Thursday, and then some housing data as well. And then the big banks
1:21.8	are all going to start reporting earnings.
	...

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