Squawk on the Street SOTS 2nd Hour: Elon Musk’s Attorney, Street Reacts to Alphabet Earnings, Hershey CEO on Results 2/5/26
Feb 5, 2026
Alex Spiro, a high-profile trial attorney who represents clients like Elon Musk and Jay-Z, discusses the California proposed wealth tax and its legal fallout. He walks through likely injunctions, constitutional challenges, and timing risks. Also covered: market reactions to Alphabet’s AI-driven capex plans and Hershey’s earnings, tariffs, and cost pressures.
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CapEx Surge Raises ROI Questions
- The street is worried because Google plans to nearly double CapEx this year to roughly $180 billion.
- Brent Thill questions whether the massive near-term spend will deliver commensurate ROI.
AI Is Reshaping Hiring Dynamics
- AI is already shifting hiring and job-openings trends, affecting recent Jolts and layoffs.
- Brent Thill warns new graduates and hiring models face disruption as companies hire fewer people.
Focus On Formats Consumers Actually Want
- Invest behind brands that fit consumer trends like portion control and better-for-you options.
- Kirk Tanner says leaning into relevant formats drove Hershey's momentum into 2026.