Squawk on the Street
SOTS 2nd Hour: Trump On The Hill, Google’s Existential Moment, and Home Depot’s Different Take On Tariffs 5/20/25
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Show notes
Carl Quintanilla, Sara Eisen, and Michael Santoli broke down the latest for stocks amid a slew of headlines out of Washington and Big Tech. President Trump speaking to House Republicans this morning to garner support for his “Big Beautiful Bill” – with particularly strong words around Medicare… More with one policy analyst warning: strap in for a bumpy ride. Plus: the implications for stocks with Stifel’s Chief Equity Strategist - who’s forecasting a lower S&P by year-end.
Meanwhile, Tesla shares gaining after new comments from CEO Elon Musk around political donations. The team broke it all down – in addition to headlines out of 2 other Mag-7 names: Google, kicking off their annual developers conference, and reports Amazon is might launch a “foldable phone”… In addition to fresh consumer commentary: from Home Depot’s promise not to raise prices to what Sara’s hearing on the ground at CNBC’s CEO Council Summit.
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