Squawk on the Street SOTS 2nd Hour: June CPI Breakdown, LIVE: Energy Sec. Talks AI, & Mario Gabelli’s Stock Picks 7/15/25
Jul 15, 2025
Mario Gabelli, Chairman and CEO of Gamco Investors, shares his keen insights into consumer inflation and stock strategies. He discusses key sectors impacted by tariffs, banking performance with surprising earnings from major banks, and his favorite stock picks. U.S. Energy Secretary Chris Wright joins the conversation from the Energy and Innovation Summit, covering America’s power needs and recent OPEC developments. The podcast dives into the intersection of AI, energy infrastructure investments, and even a glimpse into the future of space real estate.
AI Snips
Chapters
Transcript
Episode notes
Tariffs Impact Selective Inflation
- June CPI inflation matched expectations but showed tariff-driven pressures in specific categories like apparel and appliances.
- Inflation impacts are uneven, with services inflation cooling and tariffs affecting selective goods, suggesting a nuanced inflation outlook.
Big Banks Show Divergent Earnings
- Big banks JPMorgan and Citi outperformed earnings expectations, while Wells Fargo lowered income guidance, impacting its stock.
- Bank revenues and activity levels remain strong for the second half, despite Wells Fargo's challenges.
Gabelli Sees M&A and Spinoff Growth
- Mario Gabelli anticipates increased M&A and financial engineering activity post-tax bill and deregulation.
- He favors investments in sectors like energy, gas, aerospace, and sees value in spinoffs and cross-border deals.