SOTS 2nd Hour: Union Pacific & Norfolk CEOs, AstraZeneca CEO, & Consumer Stock Picks 7/29/25

Squawk on the Street

CNBC

News, Business, Investing

4.1 • 567 Ratings

🗓️ 29 July 2025

⏱️ 43 minutes

🔗️ Recording | iTunes | RSS

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Summary

A huge morning of earnings and deal news: Carl Quintanilla, Sara Eisen, and David Faber kicked off the hour with better-than-expected consumer data – along with a First On CNBC interview with the CEOs of Union Pacific and Norfolk Southern as they sign a new deal for the largest buyout EVER in the industry – and become the first coast-to-coast freight operator in the US… On the earnings front: hear from one analyst who calls Boeing a buy on new numbers there, more on how to navigate consumer-facing stocks after a slew of mixed reports out of travel and retail, and what’s ahead for pharma on the tariffs front according to the CEO of AstraZeneca, as shares gain following strong results… Plus: what’s driving Novo Nordisk shares to their worst day since 1987. Squawk on the Street Disclaimer

Transcript

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0:00.0	Good Tuesday morning. Welcome to Squawk on the Street. I'm Sarah Eisen with Carl Kintini and David Faber live, as always, from post-9 of the New York Stock Exchange.
0:07.3	Stocks are kicking off the morning in the green. We're up about two-tenths of a percent after a kind of a mixed finish yesterday after reaching another record high. We're at these record levels. NASDAQ leads up 3 tenths of a percent.
0:18.8	Information is your best performing sector in the market right now.
0:21.8	The chip stocks are on the move.
0:23.0	Invidia, Broadcom, those usual suspects fueling the market. Utilities, real estate, financials, energy, and consumer staples are the other winning sectors. Everybody else is under a little bit of pressure. As for treasuries, seen some buying in the overnight action. Yep, that continues right now. We're about to get jolts the job openings date up at the tenure yield 4.37, so lower yields across the board.
0:43.3	Today it is a mega deal for the rails.
0:45.3	We'll be joined in just a moment by the CEOs of both Union Pacific and Northwood Southern,
0:50.3	fresh off of their news of their $72 billion tie up.
0:53.3	Plus, a weight loss warning, Novo Nordus is tanking this morning after the fresh off of their news of their $72 billion tie-up.
0:55.8	Plus, a weight loss warning.
0:59.0	Novo Nordis is tanking this morning after the Uigo maker.
1:01.1	Cut guidance for placed its CEO.
1:02.0	Much more on that.
1:02.7	Straight ahead.
1:06.1	Let's get some Jolts and Conference Board with Rick Santelli.
1:06.4	Hey, Rick.
1:08.7	Good morning, Carl.
1:14.9	Yes, job opening labor turnover, Joltz. This is a June number, expecting the number around 7.5 million.
1:28.3	Comes in a bit light, 7,437,000. That would be the lowest level just since April of this year when it was just a whisker under 7.4 million.
1:33.9	What's notable here is last month, 7,769 moves up a bit,
1:36.8	which not only continues to make it the best number of the year,
1:40.7	but it's the best number going back to November last year in the rearview mirror.
	...

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