Squawk on the Street

David Kostin, Chief U.S. Equity Strategist at Goldman Sachs, shares his insights on market trends and investment strategies, particularly in light of recent payroll growth data. Bill Demchak, CEO of PNC, discusses the bank's strategic acquisition of First Bank and its implications for consumer credit trends, interest rates, and economic outlook. Together, they explore the impact of geopolitical tensions, the aerospace industry's production challenges, and the future of banking mergers, offering a comprehensive view of the financial landscape.

Anticipation is building for Apple's product launch, expected to feature the iPhone 17 and innovative AI applications. Mergers are taking center stage with a massive deal between Nebius and Microsoft, and a new copper giant formed by Anglo American and Teck Resources. The celebration of 'Squawk Box' turning 30 includes nostalgic glimpses and milestones. Meanwhile, Starbucks CEO Brian Niccol outlines a successful turnaround strategy, enhancing customer experiences in a competitive market.

Dive into the fierce AI chip rivalry between Broadcom and NVIDIA, where Broadcom's custom XPUs are making waves. The discussion highlights Amazon's chip strategy and the evolving tech landscape. The hosts also celebrate Broadcom's stock surge and insider buying, alongside exploring low-cost investment options. Tune in for an engaging analysis of the market dynamics that shape investor decisions!

In this lively discussion, Torsten Slock, Chief Economist at Apollo Global Management, shares his insights on inflation and AI adoption's transformative impact on the economy. Joining him is Rooshir Sharma, Chairman of Rockefeller International, who delves into the ramifications of the Federal Reserve's easy monetary policy. The conversation explores concerns about the Fed's credibility amidst political pressures and the significant trends shaping the tech sector, particularly in relation to Apple's innovations and telecom dynamics.

Explore the tug-of-war between the White House and the Fed over economic policies, including tariff impacts. Discover why Nvidia is facing a four-week stock slump and how EchoStar's shares skyrocketed after a $17 billion deal with SpaceX. The conversation also touches on AppLovin and Robinhood joining the S&P 500, and a media shake-up with a high-profile departure from SiriusXM. Delve into shifting consumer behaviors towards value retailers and the evolving landscape for tech stocks.

Calvin McDonald, CEO of Lululemon, discusses the activewear brand's challenges following disappointing earnings guidance and how tariffs are affecting their market strategies. The conversation dives into the importance of innovation and adapting to competitive pressures in the premium segment. McDonald emphasizes Lululemon's commitment to brand momentum and customer satisfaction while addressing growth potential in international markets. Meanwhile, broader economic discussions touch on the implications of the latest jobs report and significant shifts in the stock market.

National Economic Council Director Kevin Hassett shares insights on the disappointing August jobs report and its implications for the economy. He discusses President Trump's recent tech summit and strategic efforts in the volatile job market amid rising AI automation. Attention also turns to Elon Musk's potential $1 trillion pay package tied to Tesla, alongside the stock market's record highs and shifts in sectors like housing and retail. A fascinating exploration of how technology and economic policies intersect is at the forefront.

In this discussion, Stephen Myron, Chair of the Council of Economic Advisors and nominee for Federal Reserve Governor, delves into economic indicators and the political dynamics affecting the Fed's role. Lorenzo Simonelli, CEO of Baker Hughes, shares insights on the evolving energy sector and strategies for stability amid market shifts. Key topics include the latest job market trends, debates around health policies, and Best Buy's strategies for adapting to consumer spending changes. Tune in for a blend of economics, politics, and industry insights!

The podcast dives into President Trump’s upcoming meeting with tech giants like Zuckerberg and Cook, but missing Musk. A sharp drop in Salesforce stock despite a solid earnings report steals the spotlight, while American Eagle's sales soar thanks to a new ad campaign. The discussion includes Figma’s rocky public debut and Gap's intriguing expansion into beauty. The hosts also touch on NFL team valuations, spotlighting the Cowboys' economic power, and the evolving landscape of retail. It's a lively mix of politics, tech insights, and retail trends!

Joe Lavorgna, Counselor to the Treasury Secretary, discusses the resilience of the economy amidst new JOLTS data and yields shifting. He emphasizes the admin's focus on strong economic indicators. David Zervos, Chief Market Strategist at Jefferies, shares insights on monetary policy and the Fed's strategies. They dive into Google's major antitrust win, which analysts see as a potential turning point for the stock. The conversation also touches on Pfizer's transparency around vaccine data and the current state of automotive sales, particularly with electric vehicles.