Squawk on the Street SOTS 2nd Hour: More Market Highs, Opendoor Chairman Rabois, & Today's IPOs To Watch 9/12/25
Sep 12, 2025
Keith Rabois, co-founder and chairman of Opendoor, shares insights on transforming real estate transactions. He discusses the company’s striking 1,000% stock surge and the idea that its value could be 'infinite.' The conversation also touches on the broader market's response to economic indicators and potential Fed rate cuts. Rabois highlights Opendoor's competitive edge in iBuying, contrasting it with rivals facing profitability challenges, all while emphasizing the importance of operational efficiency in a fluctuating market.
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Easy Financial Conditions Power Markets
- Sara Eisen highlights easy financial conditions driving record market highs: lower 10‑year yields, a weak dollar, tight credit spreads.
- She notes these conditions reduce recession odds and support equities.
September Fed Meeting Is Crucial
- Jeremy Siegel sees one likely Fed cut but expects dissent and an especially important September dot‑plot.
- He believes a dovish 25bp cut that signals more easing would help markets continue rallying.
Fed Funds Should Track Longer Yields
- Siegel links Fed funds to the 10-year yield and argues policy should move toward lower rates.
- He thinks three cuts across meetings would align short rates closer to the current 10‑year yield.