Stocks Surge on Inflation Data, Big Banks’ Earnings Beats, Quantum "Leap" Returns 1/15/25
Stocks Surge on Inflation Data, Big Banks’ Earnings Beats, Quantum "Leap" Returns 1/15/25  
Podcast: Squawk on the Street
Published On: Wed Jan 15 2025
Description: Carl Quintanilla, Jim Cramer and David Faber covered all of the bases on inflation and Wednesday's market rally: Stocks surged and yields fell after the December Consumer Price Index's core rate came in tamer than expected. Earnings beats from JPMorgan Chase, Wells Fargo, Goldman Sachs and Citi also fueled investor sentiment. Quantum stocks partied like it's 2024, surging on comments from Microsoft after a rough start to the year. Also in focus: Supreme Court-TikTok watch, California wildfires, Cramer sounds off on the Commerce Department's new rule to curb AI chip exports to China. 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.