EPISODE · Jul 8, 2025 · 42 MIN
SOTS 2nd Hour: AI Arms Race, Tariffs Hit Prime Time, Big Banks Downgraded 7/8/25
from Squawk on the Street · host CNBC
Carl Quintanilla, Courtney Reagan, and Mike Santoli started the hour by discussing the market trying to rebound after it suffered its worst day in about 3 weeks. Both BofA and Goldman raised their S&P 500 forecasts as well, predicting some higher gains for the index ahead. CNBC’s Deirdre Bosa also joined the program to discuss Meta continuing its talent poaching spree as the company hired one of Apple’s top AI researchers. Later in the show, Courtney broke down what President Trump’s tariffs might mean for Amazon’s Prime Day sales, which kicked off today. Also in the mix: the desk hit the bank stocks, after HSBC downgraded JPMorgan, Goldman Sachs, and Bank of America ahead of their earnings next week. Squawk on the Street Disclaimer Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.
What this episode covers
Carl Quintanilla, Courtney Reagan, and Mike Santoli started the hour by discussing the market trying to rebound after it suffered its worst day in about 3 weeks. Both BofA and Goldman raised their S&P 500 forecasts as well, predicting some higher gains for the index ahead. CNBC’s Deirdre Bosa also joined the program to discuss Meta continuing its talent poaching spree as the company hired one of Apple’s top AI researchers. Later in the show, Courtney broke down what President Trump’s tariffs might mean for Amazon’s Prime Day sales, which kicked off today. Also in the mix: the desk hit the bank stocks, after HSBC downgraded JPMorgan, Goldman Sachs, and Bank of America ahead of their earnings next week. Squawk on the Street Disclaimer
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SOTS 2nd Hour: AI Arms Race, Tariffs Hit Prime Time, Big Banks Downgraded 7/8/25
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