Squawk on the Street SOTS 2nd Hour: Tesla Deliveries, Dan Niles' Top Tech Picks, & FICO's Big Changes 10/2/25
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Oct 2, 2025 
Dan Niles, founder of Niles Investment Management and tech investing expert, shares his surprising market outlook and top picks, urging investors to ride the current bullish wave. Paul McCulley, former PIMCO economist, discusses how delays in government data could ease Fed pressure for rate cuts, while also examining the uneven impacts of monetary policy in the K-shaped economy. Additionally, insights into Tesla's record deliveries and Berkshire Hathaway's large acquisition provide listeners with a glimpse of the shifting economic landscape.
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Used Cars And Subprime Lenders Signal Risk
- Rising used-car values and failures in subprime lenders act as an early warning on consumer strain.
- Fields expects used prices to stay high due to low lease returns, but calls some lender failures a canary in the coal mine.
Build EVs Under $50K To Capture Demand
- Target sub-$50k EV models to reach mass-market consumers when planning product launches.
- Fields highlights Rivian's plan for lower-priced models as the path to meaningful growth.
Berkshire’s Big Buy Targets Industrial Value
- Berkshire bought OxyChem for $9.7 billion, its largest deal since 2022, to improve Occidental's balance sheet.
- Michael Santoli frames the move as Berkshire doubling down on industrial, real-economy businesses.