SOTS 2nd Hour: United Health Slumps, Dick’s Buys Foot Locker, and Live: Walmart CFO 5/15/25

Squawk on the Street

CNBC

News, Business, Investing

4.1 • 567 Ratings

🗓️ 15 May 2025

⏱️ 44 minutes

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Summary

Carl Quintanilla, Sara Eisen, and David Faber broke down the latest data from the AM (Retail Sales, PPI, and more) along with this move higher in yields. Former Fed Governor Frederic Mishkin arguing the Fed is “appropriately” on hold here – and the deficit remains a huge issue… While the CFO of Walmart brought his read from the ground when it comes to the consumer – and possible price hikes ahead. Plus: key break-outs of the stocks to watch here. United Health shares plunging on reports it’s the subject of a new DOJ probe – why Mizuho thinks it could get removed from the Dow… Coreweave shares falling on fears over their Cap-Ex plans but Melius Research argues the stock is still a buy… And a breakdown of the deal sending Foot Locker shares surging in what could be their best daily performance ever. Squawk on the Street Disclaimer

Transcript

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0:00.0	Good Thursday morning.
0:08.4	Welcome to Squawk on the Street.
0:09.6	I'm Sarah Eisen with Carl Continia.
0:11.3	David Faber live, as always, from post-9 of the New York Stock Exchange.
0:14.7	Stocks are under a little pressure right now.
0:16.6	S&P's down a quarter of 1%.
0:18.2	It's split.
0:19.4	What's working today is utilities, real estate,
0:21.6	consumer staples. That's defensive. But financials and industrials are also higher. Consumer discretionary, biggest loser right now on the overall average. There's the NASDAQ. It's down more than the rest because tech is underperforming. But week to date, we're still looking at some nice gains almost 4% for the S&P, 6% for the NASDAQ.
0:38.7	Take a look at Treasuries.
0:39.7	We're going to talk about this, but the sell-off in Treasuries lately has gotten a lot of attention. It's reversing a little bit today. So getting some buying, the 10-year yield 4.485. Coming up this hour, Walmart out with earnings this morning.
0:52.5	CFO, John David Rainey, saying tariff-related price hikes could start later this month.
0:57.5	He will be joining us. Walmart out with earnings this morning. CFO, John David Rainey saying tariff-related price hikes could start later this month.
0:57.0	He will be joining us on the show in just a moment.
1:00.0	Also, look at United Healthcare, tanking again, now down more than 30% just this week.
1:06.0	We're down more than 16% right now.
1:08.0	One analyst says the company is at risk of getting booted from the Dow. We'll hear that case in just a moment.
1:13.7	Let's get some more data. Very busy morning on the tape. Rick Santelli's got some, I think, some housing and some
1:19.2	inventories, Rick. Yes, business inventories. This is a March number, Carl. expecting a bill of two-tenths of a
1:26.3	percent comes in at half that speed,
1:28.9	up one-tenth of a percent. That would be the smallest business inventory build of the year
1:34.2	and its reverse countdown. 3.3.2.1 are January, February, March, December of last year,
	...

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