Squawk on the Street

Markets slip and oil surges as the Iran conflict widens and geopolitical risk spikes. Concerns over private credit redemptions rattle alternative asset managers. Big moves in software and Asian memory stocks drive tech pain. Retailers and a surprise corporate deal create sharp winners and losers amid market volatility.

A lively take on markets reacting to Iran strikes and oil’s role in tech volatility. A look at geopolitical signaling and how declared timelines can shape market behavior. A deep dive into private credit reputational trouble and why perception, not fundamentals, pushed flows away from Blue Owl.

Michael Oren, former Israeli ambassador and historian, offers on-the-ground Israeli perspective. Mark Esper, former U.S. defense secretary, explains military strategy and defense readiness. Mike Santoli, markets commentator, analyzes equity rotation and investor positioning. Rick Santelli provides ISM PMI and market-macro commentary. They discuss market moves, oil and energy impacts, military implications, and geopolitical ripple effects.

Markets reel as U.S. and Israel strikes on Iran send oil and defense stocks sharply higher while travel names stumble. Discussion centers on private credit stress, AI funding worries, and rising gold and bitcoin as safe havens. Conversation also covers Nvidia’s chip moves, LNG outages, and looming inflation implications from higher energy prices.

Dan Niles, veteran tech investor offering market perspective and stock picks. Max Kettner, HSBC chief multi-asset strategist explaining macro and asset-allocation views. They discuss OpenAI's record $110B financing, contrasting AI narratives with cyclical recovery calls. Also covers divergent software earnings reactions from Zscaler and Autodesk and pressure in financial stocks amid credit worries.

Michael Intrator, CEO of CoreWeave, a GPU-focused cloud provider, talks quarterly results and explosive demand for AI compute. He discusses financing and build-out plans. Short, sharp conversations cover how major AI financings and partnerships are reshaping infrastructure needs and backlog growth.

Rich Gelfond, IMAX CEO, on record box office, global slate, and theatrical strategy. Ben Reitzes, tech research head, on semiconductors, AI infrastructure, and how to navigate tech volatility. They dig into Nvidia’s margins, sector rotations, and what corporate results mean for big tech and theatres. Short, fast-paced market and C-suite takeaways.

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Big tech earnings take center stage with Nvidia's AI-fueled surge and wild intraday swings. Salesforce's results and buyback plans spark debate about a so-called SaaS downturn. Snowflake, Databricks and enterprise data demand get attention. Robots in China and the first-ever annual loss at a major automaker add global manufacturing drama.

Discussion of TJX’s same-store sales strength across multiple regions. Talk about earnings that beat expectations helped by a litigation benefit. Conversation on the company’s track record of under-promising and over-delivering. Notes on merchandise availability and cautious reactions to lighter guidance.