Squawk on the Street Squawk on the Street

10AM Hour: AI Trade Faces More Pain, Interactive Broker’s Thomas Peterffy, Citizen Financial CEO on Earnings 10/16/26

Oct 16, 2026 · 43m

Summary

This episode examines the AI infrastructure build-out, with venture capitalist Eric Hippo drawing parallels to the dot-com era and discussing financing challenges. Interactive Brokers Chairman Tomas Pederski addresses slowing retail trading and midterm election risks, while Cohere CEO Aidan Gomez details a cybersecurity acquisition and AI-driven threat mitigation. Citizens Financial CEO Bruce Funzon reviews a mixed quarter, and options traders react to Tesla's rocket-powered Roadster debut. The show also covers Apple's foldable iPhone pre-orders and Fed Beige Book insights on AI's economic …

Topics discussed

Sponsorships and introduction Market overview and AI focus AI economic impact and infrastructure data Data center financing and GPU securitization Interview: Eric Hippo on AI vs. dot-com bubble Roadmap and sponsor breaks Interview: Interactive Brokers on AI and policy Sponsor break Sponsor break and reporter intro Interview: AI cybersecurity risks and defense News: Shooting, mail threats, and sports Interview: Citizens Financial Q3 earnings Upcoming segments preview Tesla Roadster debut and options trading Market wrap and next segment preview Disclaimer Zepbound advertisement
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