Squawk on the Street

Michelle Gass, CEO of Levi Strauss & Co., on the brand’s shift to direct-to-consumer growth, pricing power, and global sourcing. Roger Altman, Evercore founder and former U.S. Treasury official, on geopolitical risks and why markets should stay cautious. They discuss quarterly results, tariff exposure, yields, and how regional tensions are shaping investor sentiment.

A lively take on the energy sector with a strong case for staying long on Chevron. Discussion about whether to hold or trim oil and industrial positions amid market rallies. Conversation about risk from a possible ceasefire and how that might affect energy names. Quick bits on portfolio moves and member-only market commentary.

Markets surge after a sudden two-week U.S.-Iran ceasefire and oil tumbles in the biggest drop since COVID-19. Debate heats up over the ceasefire's credibility and implications for energy and defense shares. Tech and AI moves make headlines, from Anthropic’s new cybersecurity push to NVIDIA-driven compute demand. Airlines and retailers report stronger-than-expected results amid shifting sector leadership.

Vlad Tenev, Robinhood CEO, on the company’s role running newborn 'Trump Accounts', financial literacy plans and AI’s effect on entry-level work. Michael Oren, former Israeli ambassador, on Iran’s brinkmanship, regional fallout and prospects for diplomatic or military moves. They discuss the Iran deadline, AI’s labor implications, and Robinhood’s program launch and design.

Discussion centers on Broadcom’s major pact to supply next‑generation TPUs and networking to Alphabet through 2031. Debate over whether to hold or sell the semiconductor stock after the deal. Comparison of competitive moves like Marvell and NVIDIA and what they mean for market positioning. Broader talk on semiconductor valuations and sector outlook.

Markets react to a Trump Iran deadline with rapid oil and volatility moves. Big AI headlines include Anthropic's massive revenue run rate and Broadcom/Google compute deals. Health insurers jump after a surprise Medicare Advantage payment boost. Other hot topics: SpaceX IPO talk, chip sector shifts, and Bill Ackman’s play for Universal Music Group.

Market chatter about Goldman Sachs and trading revenue outlook sets the tone. Discussion of rate signals and how net interest income could shift for big banks. Focus on Capital One’s target swings and reporting issues. Talk of Discover merger synergies, cash flow and debit-migration potential. Capital One flagged as a stock that could make dramatic moves.

Josh Gottheimer, a congressman focused on intelligence and AI security, raises alarms about Anthropic and calls for guardrails. Craig Donahue, CEO of CBOE Global Markets, discusses booming options trading, zero-DTE products, and prediction-market plans. Mark Esper, former Defense Secretary, analyzes military options, rules of engagement, and risks around Iran in short, punchy segments.

Markets rally as oil retreats amid reports of a possible 45-day ceasefire in Iran. Tense reactions to a profanity-filled ultimatum from President Trump and the challenge of gauging policy risk. Jamie Dimon's annual letter sparks debate over AI dangers, inflation and private credit. Conversation also covers Netflix's upgrade, OpenAI vs Anthropic IPO timing, and sector rotation away from oil names.

David Kelly, J.P. Morgan chief global strategist, outlines growth, inflation and portfolio positioning. Torsten Slok, Apollo chief economist, explains oil shocks, inflation blips and AI's early labor effects. Stephen Roach, former Morgan Stanley Asia chair, argues U.S. political moves may give China an advantage and weighs Taiwan and economic leverage. They discuss Iran Strait developments, market rebounds and private credit liquidity concerns.