Squawk on the Street Inflation Data Rally, Trump Ditches Canada Talks, Intel Jumps on Q3 Results 10/24/25
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Oct 24, 2025 The discussion dives into the recent drop in inflation and its impact on the stock market. President Trump's abrupt cancellation of talks with Canada due to an ad featuring Reagan raises eyebrows. Intel's stock skyrockets after a strong quarterly report, buoyed by the government’s stake. Retail turmoil looms as Target announces significant layoffs. Also examined are trends in the automotive sector, shifts in gold demand, and the surprising resilience of Boston Beer in a struggling market.
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CPI Cooling Eases Fed Cut Hopes
- September CPI came in slightly cooler than expected, giving markets relief and supporting hopes for Fed rate cuts later this year.
- Jim Cramer framed the reading as "not out of control," suggesting it strengthens the bull case for stocks.
Tariff Impact Smaller Than Feared
- CEOs reported tariffs have hurt less than feared, and some price increases in Canada were reversed or rescinded.
- Cramer highlighted this as a theme supporting corporate margins and reducing tariff-driven inflation fears.
Reagan Quote Triggers Canada Fallout
- Carl played a TV ad quoting Ronald Reagan that prompted the president to halt trade talks with Canada.
- Jim Cramer recounted working with Larry Kudlow and contrasted Reagan's free-trade stance with Trump's fair-trade posture.