Squawk on the Street 2ND Hour 5/9/25

Squawk on the Street

CNBC

News, Business, Investing

4.1 • 567 Ratings

🗓️ 9 May 2025

⏱️ 43 minutes

🔗️ Recording | iTunes | RSS

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Summary

The second hour of CNBC’s "Squawk on the Street" with Carl Quintanilla and Sara Eisen is broadcast each weekday from the floor of the New York Stock Exchange, with the up-to-the-minute news investors need to know and interviews with the most influential CEOs and greatest market minds. Squawk on the Street Disclaimer

Transcript

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0:00.0	Good Friday morning. Welcome to Squawk on the Street.
0:09.0	I'm Carl Cantonia with Leslie Picker and David Faber. Live at post 9 of the New York Stock Exchange.
0:13.0	Sarah has the morning off.
0:15.0	Bulls hoping that these initial U.S.-China trade talk is going to bear some initial fruit this weekend in Geneva, adding to some gains here.
0:22.1	S&P above 5685.
0:25.0	Got some Fed speak today, consumer earnings, all sectors green except for Staples.
0:30.2	And the VIX back to 22.
0:31.6	Yeah, the movers this morning.
0:33.5	Downside for a couple of big names we're watching.
0:35.9	We're about 30 minutes into the trading session. Here are some of those movers.
0:39.4	Expedia shares getting crushed this morning, Q1 results hurt by weaker than expected travel demand in the U.S.
0:45.5	Expedia also giving soft guidance. You can see those shares down about 7.5% right now. Shares of a firm also moving lower despite beating on third quarter earnings, but the company
0:54.9	posting weaker than expected guidance for the current quarter, setting that stock down
0:59.1	about the same magnitude, about 7.4% right now.
1:02.8	Now one name that is surging today is Lyft of double digits as the company boosts its share
1:07.8	buyback plan to 750 million in its first quarter earnings. Revenue also growing 14% from a year prior. And market likes what it sees. That stock up about 21% right now. All right, investors, of course, are looking ahead to what is going to be high stakes trade talks, the beginning of them at least, between the U.S. and China. They're taking place this weekend in Switzerland. Let's get over to
1:27.8	Amon Javre. He's at the White House and can bring us up to date, Damon. Yeah, good morning, David.
1:33.2	President Trump getting the market's attention this morning with this social media post where he wrote
1:37.5	80% tariff on China seems right up to Scott B. That's Scott Bess and the Treasury Secretary,
1:44.0	obviously, who's going to talk to the Chinese this weekend. That's Scott Bess and the Treasury Secretary, obviously, who's going to
1:45.1	talk to the Chinese this weekend. That would be a significant pullback from the 145 percent tariffs
1:51.1	that are in place now. So the question is, when does the president want to do that? And I want to
	...

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