Squawk on the Street Markets and Mideast Tensions, "Golden Share," Analyst on Tesla "Sell" Call 6/16/25
Jun 16, 2025
Mike Santoli, a seasoned markets commentator, shares keen insights on the rebound in stocks despite Mideast tensions. He discusses the implications of the U.S. government’s 'golden share' requirement in the U.S. Steel acquisition and its impact on market stability. The rise of Meta's new advertising strategy for WhatsApp raises privacy concerns while aiming for revenue growth. Additionally, Santoli dives into Tesla's recent 'sell' recommendation and the challenges it faces in the competitive electric vehicle landscape.
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Market Resilience to Mideast Conflict
- Despite escalating conflicts between Israel and Iran, oil prices retracted showing market resilience to geopolitical risks.
- Oil supply disruptions have not occurred, tempering fears of long-term energy market impacts.
G7 Summit Amid Geopolitics and Trade
- G7 summit discussions are dominated by Israel-Iran tensions alongside trade and tariff negotiations.
- Leaders seek deals to address trade deficits but face domestic political pressures.
Oil Market's Geopolitical Risk Premium
- Oil markets carry a $10 to $12 per barrel geopolitical risk premium despite no actual supply disruptions.
- Long-term bearish outlook remains due to OPEC+ plans to return barrels and supply-demand balance.