SOTS 2nd Hour: Trump-Xi Latest, Apple iPhone Sales Go Live: Stock Impact, & Rockefeller's Ruchir Sharma 9/19/25

Squawk on the Street

CNBC

Investing, Business, News

4.1 • 567 Ratings

🗓️ 19 September 2025

⏱️ 43 minutes

🔗️ Recording | iTunes | RSS

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Summary

A big morning in Washington: the President holding a much-anticipated call with Chinese President Xi Jinping, as House lawmakers vote to avert a shutdown and RFK Jr's vaccine advisory panel meets for a second day. Carl Quintanilla, Sara Eisen, and David Faber broke the latest headlines on all 3 stories this hour - along with more on the market impact with Rockefeller International Chairman and longtime market veteran Ruchir Sharma. Plus: what all these new guidelines for vaccine makers means for pharma stocks - as the group underperforms on the year... Also in focus: Apple fans around the world lining up to get their hands on the latest iPhones, with new models officially now on sale. Hear a read from the ground at one of the company's NYC stores - and discussion with one analyst who's keeping his hold rating on the name.

Transcript

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0:00.0	Good morning. Happy Friday and welcome to Squawk on the Street. I'm Sarah Eisen with Carl
0:11.5	Kintanian, David Faber. We are live, as always, from post nine of the New York Stock Exchange.
0:16.2	Today, the latest twist in the U.S.-China relationship will talk to Rockefeller's Roushier-Sharmah
0:20.5	about President Trump's conversation with China's Xi Jinping and what's at stake for investors.
0:25.6	Plus, Apple CEO Tim Cook talking to CNBC this morning as the latest lineup of iPhones hit the stores.
0:33.6	Dubai is incredible. China was incredible.
0:36.6	We are so happy with what we see. It's early going,
0:40.3	but we're very happy. Much more from that interview, including some new commentary about the impact of tariffs.
0:46.3	But guys, this is a big week on the Federal Reserve. We're going to talk to Stephen Myron next hour on money movers.
0:53.3	Of course, he's the brand new Fed governor.
0:55.5	It was just confirmed earlier this week and the dissenter in favor of 50 basis point cuts.
1:00.9	The biggest question for investors moving forward here for the Fed is one of the biggest.
1:06.9	Will inflation behave itself in order to let the Federal Reserve keep cutting?
1:11.3	We know they're a little concerned about the labor market, but in order to keep cutting,
1:14.2	they need inflation not to rise sharply from here.
1:18.4	I did take one sort of clue from what we got from Lanar.
1:22.4	The Home Builder reported earnings yesterday, and average selling prices came down.
1:27.2	Just listen to this quote from the co-CEo
1:29.7	and chair of Lanar from the conference call, actually from the release. Our third quarter results
1:34.1	reflect both the continued pressures of today's housing market and the consistency of Lenar's
1:37.9	operating strategy. Achieving these results required additional incentives, resulting in a reduced
1:43.1	average sales price of 383,000
	...

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