Squawk on the Street SOTS 2nd Hour: PPI Runs Cool, JPMorgan’s Leadership Change, Live: Lululemon CEO 1/14/25
Jan 14, 2025
Calvin McDonald, CEO of Lululemon, shares insights on the brand's recent successes and strategic growth amid rising inflation concerns. Stacey Rask dives into the semiconductor industry, discussing government regulations and their impact on companies like NVIDIA. Peter Harrell, a former National Security Council Senior Director, analyzes the implications of potential TikTok restrictions in the U.S., covering national security concerns and the shifting media landscape. The conversation includes market reactions to recent economic data and JPMorgan’s leadership changes.
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Episode notes
Market Opening
- Markets opened with moderate gains following a cooler PPI print.
- Investors are watching key movers like Cignette, KB Home, and United Reynolds.
PPI Report
- The PPI came in cooler than expected, sparking a market rally.
- The core PPI was flat, suggesting easing inflation pressures.
Stock Picking Advice
- Focus less on macroeconomics and momentum.
- Prioritize bottom-up stock picking in the current market environment.