Squawk on the Street SOTS 2nd Hour: Trump On The Hill, Google’s Existential Moment, and Home Depot’s Different Take On Tariffs 5/20/25
May 20, 2025
Jack Hittery, author and CEO of Sandbox AQ, shares insights on the competitive dynamics of AI and quantum computing. He discusses the rising stock prices and the potential impact of Google's upcoming announcements. The conversation touches on the implications of quantum tech for Bitcoin security and the geopolitical landscape between the U.S. and China. Hittery also highlights the urgent legislative moves by Trump to unite Republicans on crucial tax bills as the market faces fiscal pressures and innovative shifts within the tech sector.
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Stable Consumer Credit & Housing Health
- Consumer credit appears stable with strong balance sheets despite economic uncertainty.
- Home prices rising maintain homeowner financial health unlike past recessions.
Market Momentum Meets Yield Pressure
- Market shows technical momentum but faces pressure from rising risk-free yields.
- Earnings growth expected to slow, with potential for a 10% market correction later this year.
Google's AI Leadership Challenge
- Google must prove AI leadership amid rising competition in consumer AI.
- Their ecosystem across models, cloud, and products positions them uniquely, but investor skepticism remains.