
SOTS 2nd Hour: Alphabet’s Revenue Miss, Musk’s Role in Government, Live: Shell CEO 02/05/25
Squawk on the Street
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Market Insights: PMIs, Jobs, and Tech Scrutiny
This chapter analyzes the latest ISM service PMIs data for January, revealing figures that fell short of expectations and discussing their implications for market yields and economic indicators. It also examines the ADP jobs report, the widening trade deficit, upcoming Treasury funding discussions, and the scrutiny faced by tech giants like Apple and Google over anti-competitive practices. The conversation offers insights into the evolving landscape of the tech sector, Alphabet's cloud services growth, and the impacts of tariffs and competition in the market.
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