Squawk on the Street Fed Decision Day, Nvidia’s China Troubles, Live: StubHub CEO on IPO 9/17/25
Sep 17, 2025
Eric Baker, the experienced entrepreneur and founder of StubHub, shares insights into the company's upcoming IPO and strategy. He discusses how they plan to utilize IPO proceeds and adopt all-in pricing strategies. The conversation also touches on the broader market impacts of recent Federal Reserve decisions and tensions surrounding Nvidia's tech bans in China. Baker's perspective sheds light on the challenges and opportunities facing StubHub in a rapidly changing marketplace.
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Fed Cut Anticipation Shapes Market
- The Fed is expected to cut rates today, the first cut in about nine months.
- Markets are positioning for that change and watching yield-curve moves closely.
China Moves Put Pressure On Nvidia
- FT reported China may ban its tech companies from buying Nvidia AI chips, pressuring the stock.
- Nvidia's guidance already excluded China sales, and lower-powered chips still require U.S. licenses.
Political Leverage May Drive Chip Restrictions
- Jim Cramer noted the China move may be punitive and part of trade leverage rather than pure security grounds.
- He argued the ban's market impact may be limited given prior company guidance and potential U.S. licensing nuances.
