Chips, inflation and bank earnings 10/14/26
Summary
Dominic Chiu opens the show with a market update, highlighting stabilization in U.S. equity futures and the upcoming September CPI report. A major focus is ASML’s strong earnings, where the company raised its sales forecast and noted demand for AI chip-making machines extending through 2030. The episode also covers a $1.2 billion fine against Bank of America for AML violations and the ongoing impact of Houthi attacks on Saudi energy infrastructure. Additionally, the show discusses retail investor enthusiasm in the options market and the intense spending strategies of Republicans ahead of th…
Topics discussed
Sponsor: Edward Jones
Morning Call Introduction
Market Overview: CPI Expectations and Bond Yields
Oil Prices and ASML Pre-Market Surge
ASML Earnings: Demand Outlook and Capacity Constraints
ASML Analysis: AI Infrastructure and Chip Manufacturing
ASML Implications for Hyperscalers and AI Trade
European Equities and ASML Impact on Tech
European Markets and Saudi Aramco Market Cap
Bank of America Fine and AT&T Mexico Sale
Upcoming Segments: Anthropic and OpenAI News
Sponsor: Hertz
Sponsor: Lowe's Milo's Money Days
Anthropic Pre-IPO Pitch and Legal Petition
Bank Earnings Preview: BofA, Morgan Stanley, BlackRock
Bank Earnings Analysis: Strong Performance and Rates
Bank Earnings: Interest Rate Challenges
Bank Earnings: Fixed Income and Trading Weakness
Bank Earnings: Capital Management and Asset Accumulation
Investment Banking: Slowing Deal-Making and IPOs
Investment Banking: Corporate Decision Making and Volatility
Investment Banking: Large IPOs and Sophistication
Financial Sector Outlook for 2027
Apple Record High and New Smart Home Devices
Sponsor: WISE
Sponsor: Lowe's Milo's Money Days
Saudi Arabia Explosions and Energy Prices
Market Recap: S&P, NASDAQ, and Futures
Chip Stocks Reaction to ASML Results
Treasury Yields and IEA Oil Report
Market Moves: Gains in Various Sectors
OpenAI Employee Arrested for Espionage
Legal Ruling on Media Access and Trump Comments
Retail Investor Sentiment and Options Volume
Options Market Analysis: Bullish Sentiment
Market Momentum and Buying the Dip
VIX Suppression and Hidden Volatility
Volatility in Specific Sectors and Asset Classes
Correlation Risks and Earnings Season Impact
S&P Weighted vs. Equal Weight Divergence
Analyst Calls: Albemarle Upgrade, Dell Downgrade
Midterm Elections: Spending and Strategy
Midterm Elections: Key States and Funding
Midterm Elections: Turnout and Rallies
Midterm Elections: Polling Accuracy
Midterm Elections: House and Senate Odds
CNBC Trading the Midterms Forum
Today's Watch: CPI, Fed Speakers, Earnings
Call Sheet: Chip Trade and Technicals
Chip Trade: Long-Term Trends and Opportunities
Chip Trade: Volatility and Portfolio Additions
ASML Price Action and Expectations
Tech Demand and Economic Ripple Effects
Inflation Outlook: Tech Prices and CPI
Sticky Inflation: Wages, Money Supply, Components
Inflation Persistence and Fed Policy
Consumer Resilience and Spending Trends
Bank Earnings: Investment Securities and Fed Comments
Sponsor: ZepBound
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