Squawk on the Street SOTS 2nd Hour: A Divided FOMC, Rates & Real Estate, Plus: Lyft CEO Talks Waymo Deal 9/17/25
Sep 17, 2025
David Risher, CEO of Lyft, dives into the company's exciting partnership with Waymo, discussing fleet management strategies and future profitability in autonomous rides. Former SEC Chair Gary Gensler shares insights on quarterly reporting, crypto regulations, and market transparency. Willie Walker, CEO of Walker & Dunlop, analyzes mortgage and commercial real estate trends, highlighting the impact of rate changes. Together, they paint a vivid picture of the current economic landscape and what might come next.
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Sahm Rule Says No Recession Yet
- The Sahm rule shows unemployment hasn't reached recession-trigger levels, but labor supply changes may delay its signal.
- Rising unemployment risks exist, yet inflation persistence keeps policy ambiguous.
Lyft CEO Drives His Own Lessons
- Lyft CEO David Risher recounts Lyft's FlexDrive fleet experience and how it supports Waymo's deployment.
- He describes driving for Lyft himself and using those interactions to inform product direction.
Why Waymo Partners With Lyft
- Lyft's value to Waymo is operational: demand generation and fleet management, not just an app.
- Integrated marketplace and FlexDrive experience offer sustained vehicle utilization and maintenance capabilities.