U.S.-China Trade Deal Hopes Propel Stocks to All-Time Highs 10/27/25

Squawk on the Street

CNBC

Business, Investing, News

4.1 • 567 Ratings

🗓️ 27 October 2025

⏱️ 43 minutes

🔗️ Recording | iTunes | RSS

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Summary

Carl Quintanilla, Jim Cramer and David Faber kicked off a new trading week with major stock indices hitting new record highs. Hopes for a U.S.-China trade deal sparking market optimism, after both sides agreed to a framework over the weekend ahead of talks between Presidents Trump and Xi. A lot for investors to digest this week, including earnings from five of the "Magnificent 7" tech giants and the Fed's decision on interest rates. "Faber Report": Sources tell David "Yellowstone" creator Taylor Sheridan is leaving Paramount for NBCUniversal. Also in focus: "Merger Monday," Warren Buffett's Berkshire Hathaway underperforms the S&P 500, what Tesla Chair Robyn Denholm told CNBC about Elon Musk's massive pay package. Disclosure: Comcast is the parent company of NBCUniversal, which owns CNBC. Versant would become the new parent company of CNBC upon Comcast’s planned spinoff of Versant. Squawk on the Street Disclaimer

Transcript

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0:00.0	Market insight and analysis. You're listening to the opening bell of CNBC, Squawk on the Street.
0:05.9	Good Monday morning. Welcome to Squawk on the Street. I'm Carl Kintaneda with Jim Kramer, David Faber,
0:09.7	at Post 9 of the New York Stock Exchange. Coming off Friday's all-time highs, stock setting up for
0:13.9	possible Fed cut this week, a third of the S&P reporting earnings, and a China trade framework
0:19.7	that, if not a breakthrough sure feels de-escalatory.
0:22.9	Ten year 402. Our roadmap begins with the president in Asia, saying the U.S. and China are close to a trade deal ahead of talks with Xi this week.
0:31.2	It is a merger Monday. We've got some big deals in banking, health care, utilities, water.
0:37.4	We're going to break all of them down. And, of course,
0:39.7	get ready for what is going to be the busiest week of earnings season. We've got Apple, Meta,
0:45.1	Microsoft, Amazon, Alphabet. That's a lot of market cap right there, all getting ready to report.
0:51.9	Let's begin with this market optimism amid hopes for a U.S.-China trade deal.
0:55.8	Both sides agree into a framework ahead of talks between the president and she later this week.
1:01.1	Yesterday on Meet the Press, the Treasury Secretary said he expects a delay on Beijing's rare earth
1:06.4	export curbs.
1:07.5	Take a listen.
1:09.8	I'm also anticipating that we will get some kind of a deferral on the rare earth export controls
1:20.2	that the Chinese had discussed.
1:22.2	Okay.
1:22.3	Again, this will all be, you know, we, counterpart, my counterpart, the vice premier and I have set the
1:30.4	framework, and it will be up to the two leaders to discuss the final terms.
1:36.4	In the meantime, Jim, there's, there's soybeans, there's fentanyl, there's TikTok, lots to get
1:40.2	done here.
	...

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