Squawk on the Street SOTS 2nd Hour: AI Trade Comeback, Shutdown Hopes, & Generac CEO Talks Data Center Demand 11/10/25
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Nov 10, 2025 Dan Greenhaus, Chief Strategist at Solus Alternative Asset Management, dives into the AI trade's impressive rebound and market trends, while also analyzing critical stock movements. Joining him is Aaron Jogfeldt, CEO of Generac, who discusses the company's strategic shift towards providing backup power solutions for the burgeoning AI data center sector. The conversation also touches on consumer spending insights and the intriguing possibility of a 50-year mortgage to improve affordability.
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Fed Split Between Inflation And Jobs
- Fed officials are split on December policy with some seeing policy as barely restrictive.
- The debate centers on weighing firmer inflation risks against a softer labor market.
AI And Seasonality Support Markets
- AI and an increasingly accommodative Fed remain the dominant market narratives.
- Dan Greenhaus thinks seasonality and AI give markets an upside bias into year-end.
Early AI Wins, Long Road To Full Payoff
- Early earnings already show AI driving incremental gains across industries.
- Broader enterprise adoption will likely take several years even as spending ramps today.