Squawk on the Street Pres. Trump Visits the Federal Reserve, Righting the Chip, Live: FCC Chairman Carr 7/25/25
Jul 25, 2025
In a lively conversation, President Trump shares his recent visit to the Federal Reserve, where he debated renovation costs with Powell while backing off firing threats. Economist Torsten Slok from Apollo Global Management dives into the dollar's dynamics, inflation, and macroeconomic trends affecting trade. They explore the balance between a strong and weaker dollar amidst trade negotiations and geopolitical tensions. The dialogue highlights the urgent need for new trade deals as businesses adapt to a shifting economic landscape.
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Speculative Trading Resurgence and Earnings
- The S&P earnings beat rate is strong at 84%, but market reactions remain mixed with some revenue beats mitigating tariff impacts.
- Speculative trading and meme stocks activity are resurging, resembling patterns from 2021, posing both opportunities and risks.
Trump’s Fed Visit and Rate Expectations
- President Trump visited the Federal Reserve, showing concern over renovation costs but backing off firing Chair Powell.
- The president seeks lower interest rates, claiming high rates are costing trillions annually, though such cuts are unlikely given the economic context.
Intel’s Struggles Despite Revenue Beat
- Intel beat low revenue expectations but its turnaround is challenged by rising costs, layoffs, and strategic uncertainties.
- The company’s foundry strategy lacks clarity, and the market remains cautious with neutral stock ratings.