Markets, AI and rising yields test the rally 9/24/26
Summary
Morgan Brennan reports on a sharp bond sell-off driven by hawkish comments from Fed President John Williams, who suggested another rate hike is reasonable by year-end. This has pushed the 10-year Treasury yield to its highest level since 2007 and pressured US equity futures lower. The episode also covers President Xi Jinping’s state visit to Washington, where a two-month trade truce extension was announced, and Meta’s launch of new AI hardware devices. Additionally, analysts discuss the implications of rising global debt, surging crude oil prices, and a recent AI agent breach of an Australi…
Topics discussed
Edward Jones sponsorship
Morning Call intro and bond sell-off update
US equity futures and Treasury yield highs
Global debt levels and central bank decisions
Energy market trends and crude oil prices
Trump-Xi summit arrival and press ban
Trade truce extension and Iran oil dynamics
Meta Connect: Muse AI and new hardware
AI hardware competition and consumer impact
Munitions stockpile and AI rate shock preview
Discover Card sponsorship
US munitions production and stockpiles
Missile defense expert interview: Tom Carrico
Defense spending, GM supply, and appropriations
MGM Resorts bid withdrawal and weather alert
CDW sponsorship
Northeast nor'easter and tidal flooding report
Market recap: Equities, bonds, and crude
China-US trade talks and AI security concerns
AI agent breach and cyber defense stocks
Call Sheet: Market outlook and geopolitical risks
Listen ad-free on Castria