Squawk on the Street

SOTS 2nd Hour: Qualcomm-Arm Ruling, Fed's Rate Path, Markets & Geopolitical Risks 12/23/24

Dec 23, 2024

In this discussion, Robert Kaplan, former Dallas Fed President and Goldman Sachs vice chairman, shares insights on the Fed's hesitant rate decisions, deeming them positive. Charles Dallara, former IIF CEO, warns of potential global market turmoil stemming from Trump’s trade policies. Lizanne Saunders, Chief Investment Strategist at Charles Schwab, highlights market trends influenced by AI, particularly in holiday shopping dynamics. The conversation also covers Qualcomm's legal triumph over Arm Holdings, impacting semiconductor market strategies.

47:11

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Episode guests

Lizanne Saunders

Charles Dallara

Robert Kaplan

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Episode notes

Podcast summary created with Snipd AI

Quick takeaways

The Fed's uncertainty regarding interest rates, highlighted by Robert Kaplan, suggests a cautious yet optimistic economic outlook for investors.

Qualcomm's legal win over Arm Holdings underscores the ongoing competitive dynamics and challenges within the technology sector.

Geopolitical factors, particularly related to U.S. trade policies under the incoming administration, could significantly impact global market stability and investor strategy.

Deep dives

Market Trends and Sector Performance

The episode discusses current market trends, highlighting a mixed performance among various sectors. While technology stocks, particularly AMD and Apple, are noted for outperforming and approaching record highs, other sectors like utilities, energy, and industrials are struggling. The S&P 500's fluctuating values are linked to rising treasury yields, with a 10-year yield reported at 4.55%. This backdrop of uneven sector performance and economic indicators raises questions about the market's overall health.

Intro

2min

Market Update and Economic Insights

5min

Geopolitical Tensions and Economic Outlook

15min

Market Movements and AI Influence on Holiday Shopping

2min

Court Rulings and Semiconductor Shifts

6min

Legal Battles and Financial Strategies: A Podcast Wrap-Up

2min

Economic Uncertainties and Market Dynamics

17min

Navigating Holiday Demand with AI Innovations

2min

Sara Eisen and Scott Wapner started the hour with former Dallas Fed President Robert Kaplan, who said the Fed’s uncertainty on the rate path is a good thing. Later in the hour, the anchors also discussed Qualcomm’s legal victory over Arm Holdings, involving a chip licensing dispute. Also in the mix; former IIF CEO Charles Dallara joined the show to discuss how Trump’s potential trade tariffs could rattle the global markets.

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