SOTS 2nd Hour: What's Next In Iran, ADP Jobs/Retail Sales Takeaways, & Nike's Next Shoe To Drop 4/1/26

Squawk on the Street

CNBC

News, Investing, Business

4.0 • 566 Ratings

🗓️ 1 April 2026

⏱️ 43 minutes

🔗️ Recording | iTunes | RSS

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Summary

Strong data - alongside growing hopes an end to the Iran war is in sight - boosting stocks... Sara Eisen, David Faber, and Carl Quintanilla began the hour with fresh analysis of this morning's ADP Jobs & Retail Sales reports before getting predictions on what's next for stocks with longtime market veteran Jeremy Siegel - along with more on what's next in the war with Council on Foreign Relations President Michael Froman. Plus: Microsoft shares closing out their worst quarter since 2008... Is there more pain to come? Hear from one tech investor who says yes. Elsewhere in the hour: Nike shares slumping post-results; Sara brought fresh reporting on the name and broke down the numbers with an analyst... And can't miss details on some of the day's biggest movers: from Intel to Restoration Hardware to Hasbro. Squawk on the Street Disclaimer

Transcript

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0:00.0	Good Wednesday morning.
0:06.7	Welcome to Squawk on the street.
0:08.0	I'm Sarah Eison with Carl Cantonea and David Faber.
0:10.7	We are live at post 9 as always of the New York Stock Exchange.
0:13.5	Ahead this hour is a comeback rally for real.
0:16.4	We'll talk about the big whoosh hire that started yesterday afternoon and discuss
0:20.7	whether it's sustainable.
0:21.9	Plus, counsel on foreign relations president, Michael Froman here as the president posts about
0:26.4	Iran ahead of a key speech this evening. And much more on Nike, as that stock tanks, following
0:31.3	a number of high-profile downgrades after the company warned about declining sales.
0:35.6	I've got a lot of analysis and reporting for you on that one.
0:39.2	Let's get some ISMs this morning in Inventories with Rick Santelli. Hey, Rick.
0:43.5	Good morning, Carl. Yes, business inventories. This is a January number. Comes in at a minus 1 tenth of a percent.
0:50.7	Now, that isn't far from expectations, which run chains. But what's notable here is it's the first negative number since D's of 24.
0:59.1	So we want to pay attention to that.
1:01.2	Last month, we lost a 10th from a 10th to 0, but of course, zero isn't a negative number.
1:08.1	We're expecting our ISMs, our ISM PMIs.
1:12.0	These are March reeds.
1:13.4	I don't see them populating yet.
1:15.6	We did have retail sales better than expected,
1:18.8	and we did see SB Global manufacturing,
1:21.9	roughly the same as the mid-month read.
	...

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