Squawk on the Street
Squawk on the Street 2ND Hour 5/9/25
May 9, 2025
Tune in to hear Bob Pisani, a seasoned markets correspondent at CNBC with over 30 years of financial reporting experience, share his insights straight from the New York Stock Exchange. He discusses the latest stock market trends, including the sharp decline of Expedia and the uplift in bank stocks. Pisani also delves into the impact of impending U.S.-China trade talks on investor sentiment and the challenges posed by new tariffs on consumer businesses. His reflections on evolving financial journalism add a personal touch to the lively market discussion.
42:58
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Quick takeaways
- Upcoming U.S.-China trade negotiations, potentially reducing tariffs, are fueling positive market rallies despite uncertainty in overall trade relations.
- Mixed stock performances highlight the significance of earnings outlooks and consumer demand in influencing investor sentiment across different sectors.
Deep dives
U.S.-China Trade Talks and Market Outlook
Upcoming trade negotiations between the U.S. and China spark investor interest, with potential tariff reductions on the line, specifically a shift from 145 percent to possibly 80 percent. Markets, particularly the Dow and small caps, are reacting positively ahead of these talks, reflecting a broader momentum-based rally. Analysts highlight that any perceived progress or mildly positive news is likely to trigger further market rallies despite the uncertain impact of these tariffs on overall trade relations. This situation illustrates the delicate interplay between economic policy changes and market responsiveness, emphasizing the need for investors to stay informed.
