Squawk on the Street SOTS 2nd Hour: Tesla In Reverse, IMAX CEO, & Counselor To The Treasury Secretary Talks Deficit Concerns 10/23/25
4 snips
Oct 23, 2025 
Diana Oleg, a housing market reporter, dives into September's home sales and inventory trends, highlighting first-time buyers and median price changes. Joe LaVorgna, Counselor to the Treasury Secretary, discusses fresh Treasury analysis on the federal deficit and the potential for increased tariff revenues. They also explore the implications of Tesla's recent performance, contrasting strong revenue growth with falling share prices. The IMAX CEO shares insights on a record-breaking quarter, adding another layer to the market's vibrant discussion.
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Housing Recovery Amid Low Historical Supply
- U.S. existing-home sales rose to a seven-month high despite mortgage rate volatility.
- Inventory is up 14% year‑over‑year but remains below historical averages, keeping price pressure in place.
Sanctions And Strategic Tech Stakes
- The White House added sanctions on major Russian oil firms after talks with Russia stalled.
- The administration also considers equity stakes in quantum firms to bolster national competitiveness.
Profits Remain Market North Star
- Truist's Keith Lerner sees profits as the bull market's 'north star' despite rotating narratives.
- He views recent churning as healthy consolidation that can precede a year-end rally.
