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.
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Trump's Tariff Reduction Signals
- President Trump is considering reducing China tariffs from 145% to 80%, signaling potential progress in trade talks.
- The market is eager to rally on any positive tariff news, though 80% tariffs remain a significant barrier.
Market Momentum Risks
- The market is driven by momentum, eagerly rallying on any mildly positive news.
- Momentum trading can sustain gains but risks abrupt reversals if fundamentals reassert.
U.S. Investors Driving Market Gains
- U.S. investors are driving recent market gains, with foreign investors less active buyers.
- Increased trading during U.S. hours shows domestic investor confidence in U.S. stocks.