Squawk on the Street Squawk on the Street 2ND Hour 8/28/25
Aug 28, 2025
In the latest discussion, the hosts dive into the recent decline in stocks, including NVIDIA's performance amid mixed signals from analysts. They explore significant shifts within federal agencies, focusing on leadership changes at the CDC and their impact on public trust. The episode highlights the evolving retail landscape, with insights into major players like Dollar General and Best Buy. Additionally, geopolitical dynamics are examined, particularly diplomatic efforts between China and India, and their implications for global markets.
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NVIDIA Pullback Reflects Expectations
- NVIDIA slid despite a strong quarter, showing earnings beats don't guarantee immediate rallies.
- Market reaction reflects expectations, guidance nuance, and recent big gains that invite profit-taking.
Housing Contracts Show Fragile Demand
- Pending home sales in July were essentially flat, missing modest upside expectations.
- Redfin reports a record-high cancellation rate for signed contracts, suggesting fragility in demand.
Fed Firing Sparks Legal Battle
- Lisa Cook's lawsuit argues the president's firing violated the Fed's four-cause protection and threatens Fed independence.
- The case could move fast initially but then proceed through appeals, creating prolonged uncertainty.