Squawk on the Street SOTS 2nd Hour: Retail Sales Fall, Fed Day 1, and Live: OKLO CEO 6/17/25
Jun 17, 2025
Jake DeWitt, CEO of Oklo, discusses the future of energy and the importance of energy independence after securing a deal with the U.S. Air Force. Jurrien Timmer from Fidelity Investments highlights potential market opportunities amidst disappointing retail sales. Aaron David Miller offers insights into geopolitical tensions in the U.S., Israel, and Iran, especially how these impact economic policies. The conversation also touches on the rising uranium sector, with a focus on legislative changes affecting solar stocks.
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Housing Market Sentiment Hits Low
- Homebuilder sentiment in June hit its lowest level in years due to high mortgage rates and economic uncertainty.
- Builders are responding by cutting prices, signaling challenges in the housing market.
May Retail Sales Show Consumer Weakness
- May retail sales dropped 0.9%, showing consumer softness across most categories.
- Autos and gas stations led declines, while some sectors like clothing and online sales held up.
Fed Faces Dual Mandate Dilemma
- The Federal Reserve balances inflation control and economic slowdown risks amid uncertain data.
- Markets expect minimal Fed moves soon, with potential rate cuts possible but dependent on data.