Squawk on the Street SOTS 2nd Hour: Chips Rip, Hantavirus concerns, & The Latest Iran Developments + Market Implications 5/11/26
8 snips
May 11, 2026 
Herb-Bjorn Hansen, CEO of Nordic American Tankers, shares on-the-water perspective about tanker ops and Strait of Hormuz disruptions. Julian Emanuel, Evercore markets veteran, discusses whether the rally can hold amid earnings and oil risks. Dr. Vin Gupta, pulmonologist and public health expert, weighs in on Hantavirus concerns and preparedness. They cover shipping strains, chip-driven market moves, and contagion vigilance.
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Episode notes
Market Rally Echoes 1999 But With Real Earnings
- The current rally resembles 1999 in price action but differs because earnings are strong across sectors, not just tech.
- Julian Emanuel notes broad advances including industrials tied to AI CapEx, making the run potentially more durable.
Triple Digit Oil Would Change The Outlook
- Sustained triple-digit oil would strain the economy and markets, especially if it lasts months.
- Emanuel warns that prolonged high oil (and a $4.50/gal scenario) would materially impact consumer spending and market upside.
AI CapEx Is Fueling Industrials And Semis
- AI-related CapEx is driving strength beyond pure software names into industrials and semiconductors.
- Evercore projects $1.1 trillion in AI-related CapEx next year, underpinning demand for infrastructure and chips.