Squawk on the Street SOTS 2nd Hour: Trump-Xi Latest, Apple iPhone Sales Go Live: Stock Impact, & Rockefeller's Ruchir Sharma 9/19/25
Sep 19, 2025
Jared Holtz, a healthcare sector strategist at Mizuho, dives into the latest vaccine guidance and its potential effects on pharma and biotech stocks. He discusses how underperforming sectors could rally with new guidelines in play. The podcast also covers a high-stakes call between President Trump and Xi Jinping, the impact of the iPhone 17 launch on Apple’s stock, and significant shifts in the market landscape. Listeners get a comprehensive look at current national and economic dynamics shaping the future.
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TikTok Deal Frames U.S.-China Coexistence
- The Trump-Xi call focused on TikTok structure and broader U.S.-China economic ties, signaling pragmatic coexistence despite decoupling trends.
- Reported plan: a U.S. consortium would own ~80% of TikTok with China retaining ~20% and possible U.S. government board oversight.
AI, Not Trade, Drives Short-Term China Rally
- Ruchir Sharma says U.S.-China trade is declining long-term but short-term realism forces cooperation, especially around AI investment.
- China's stock rally reflects an AI-driven catch-up plus a narrowing valuation discount, not necessarily strong domestic growth.
Use Real-World Demand To Model iPhone Sales
- Watch pre-order and in-store demand signals to gauge iPhone cycle strength, as analysts use lines and wait times to adjust targets.
- Consider carrier trade-in promotions and Pro-model uptake when modeling revenue and ASPs for Apple.