Morning Call 10/1/26
Summary
Morgan Brennan opens the quarter by highlighting a surge in US bond yields, with the 10-year Treasury hitting its highest level since 2002, alongside mixed stock futures and rising energy prices. The episode features analysis from Rosenblatt Securities on Micron’s earnings and AI chip demand, while former FTC official David Balto discusses a new federal probe into AI safety. Additionally, Saronic’s CEO outlines plans to revitalize US shipbuilding, and market experts assess the impact of global geopolitical tensions and inflation on capital flows.
Topics discussed
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Market open: US futures, yields, and energy
Europe and Asia markets and Steve Sedgwick's 25th anniversary
Micron earnings: AI memory demand and supply tightness
Diesel inventories and potential US export ban
Morning Call preview: AI, regulators, and military strategy
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Google unveils Gemini 4 Argon AI model
FTC probe into AI labs and regulatory gaps
Pentagon's Project Meridian with Musk and Gingrich
Constellation Energy and Amazon nuclear power deal
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Interview: Bond yields, M&A, and IPO market outlook
Trump's attacks on the Federal Reserve
Market recap: Yields, Project Star, and layoff data
Global energy: Strait of Hormuz and Chinese export suspension
Interview: Nordic American Tankers on global shipping rates
Autonomous military ships: Cerronik and Saronic
Market outlook: Earnings, rates, and sector performance
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