Squawk on the Street

Conversation covers alternative data pushing back on rapid AI job panic. Debate on AI's economic timeline and likely gradual adoption. Investment ideas favor cyclicals, value, housing and transportation. Market reaction to the State of the Union and possible tariff effects. Big moves in media M&A and NFL rights. Update on EV demand and Lucid’s near-term plans after quarterly results.

A lively look at the AI trade with a big focus on Nvidia's looming earnings and the data-center power crunch. Discussion touches on memory shortages, infrastructure limits and whether AI will reshape enterprise software. M&A drama surfaces around Warner Bros. Discovery and Paramount, plus sharp investor criticism of Whirlpool and notable moves across retail and consumer staples.

A brisk look at why one materials company claims a near-monopoly thanks to patents and local resources. Discussion of semiconductor market ripples, including AMD warrants and NVIDIA pricing power. Speculation about who might supply a major social platform. Quick behind-the-scenes access details for a members-only market meeting.

Senator Elizabeth Warren, U.S. Senator from Massachusetts and longtime consumer protection advocate. She discusses unlawful tariffs and calls for refunds to families. She outlines plans to cap credit card APRs. She proposes limits on private-equity home ownership and warns about risky pension investments. She also raises concerns about Fed independence and banking deregulation.

Lisa Su, Chair and CEO of AMD, a leader in semiconductor and AI chips. She discusses AMD’s multiyear AI chip agreement with Meta and the company’s strategy for AI infrastructure. Short takes cover the deal’s structure, performance-based warrants, Meta’s infrastructure bets, and why the AI cycle is still early.

Morning members-only meeting preview with candid market banter and sponsor notes. Discussion of a recent sell-off framed as AI-driven disintermediation hitting cybersecurity names. Examination of CrowdStrike’s fundamentals and why it remains in the portfolio despite price pressure. Reaction to Anthropic’s Claude Code Security and analyst takes on AI’s impact. Talk about timing trades and managing risk amid volatility.

Ian Bremmer, geopolitical strategist and Eurasia Group founder, offers a global take on tariff fallout and trade leverage. Liz Ann Sonders, Charles Schwab chief strategist, breaks down market rotation, tariff-driven constraints, and AI’s ripple effects. They cover tariff refunds, trade-deal impacts, Novo Nordisk trial news, and unfolding media controversies in short, rapid-fire segments.

Markets react to a major Supreme Court tariffs ruling and the president's plan to raise global tariffs. Novo Nordisk slides after trial results show a competitor outperforming its obesity drug. A winter storm wreaks havoc on Northeast travel with thousands of flight cancellations. AI developments, big-cap movers like Alphabet and NVIDIA, and Hollywood boardroom drama also make headlines.

Jamil Jaffer, legal expert and founder of the National Security Institute, offers concise legal analysis of the Supreme Court ruling and refund questions. Torsten Slok, Apollo’s chief economist, breaks down macro effects on inflation and Fed timing. Eamon Javers, Washington reporter, gives on-the-ground coverage of the decision and political fallout. They discuss the ruling’s market movers, refunds, geopolitical angles, and sector-specific impacts.

Discussion of SCOTUS striking down reciprocal tariffs and which companies stand to benefit. A focus on Nike’s reversed $1.5B tariff hit and other retail and industrial winners. Debate over how mixed macro data tempers market reaction. A take on whether recent inflation drivers are transient or more lasting.