Rick Santelli

Tom Lee, Head of Research at Fundstrat Global Advisors, shares his optimistic take on U.S. equities despite Moody’s recent credit downgrade. Rick Santelli, CNBC’s on-air editor, delves into the implications for market dynamics and consumer confidence. They discuss Walmart’s responses to tariffs and the tension with government policy. Additionally, the spotlight shines on Nvidia’s AI advancements and the historic listing of Coinbase in the S&P 500. The conversation wraps up with updates on Trump’s tax bill and the state of political and economic challenges.

Rick Santelli, an on-air editor for CNBC, and Tom Lee, Head of Research at Fundstrat Global Advisors, delve into Moody's downgrade of the U.S. credit rating, igniting discussion on market reactions and the 30-year yield spike. They dissect President Trump's remark about Walmart "eating the tariffs" and explore the implications for retailers. The conversation also covers Nvidia's latest AI innovations, highlighting the strategic partnerships shaping tech's future, and insights into JP Morgan's Investor Day and the financial landscape.

Adam Parker, founder and CEO of Trivariate Research, elaborates on equity strategy amid trade war worries. David Miracle, chief U.S. economist at Goldman Sachs, dives into recession risks as trade tensions escalate. Rick Santelli reports alarming dips in consumer sentiment, reflecting wider market implications. They discuss China's retaliatory tariffs on U.S. goods and the effects on stocks and bonds. Additionally, insights from major banks reveal consumer spending trends and the current state of the bond market, showing both challenges and resilience.