10AM Hour: Buffett Steps Down as Berkshire Chairman, Yen Reacts to BOJ Rate Hike, Mbappe Moves ‘On’ from Nike 9/18/26
Summary
The episode opens with a deep dive into the Japanese yen’s sharp decline, analyzing the Bank of Japan’s hawkish signals and the implications for global liquidity and US Treasury demand. Hosts then discuss market seasonality and oil price risks with Eric Johnston, followed by an interview with NTT’s CEO regarding the growing NIMBY opposition to data centers in Virginia. The show also covers Apple’s iPhone 18 launch with longtime reviewer John Gruber, Netflix’s recent downgrade, and Warren Buffett’s transition out of the Berkshire Hathaway chairman role. Finally, the segment addresses the pol…
Topics discussed
Sponsor: EY Parthenon
Show intro and agenda: Buffett and Yen
Bank of Japan rate hike and Yen reaction
Yen carry trade mechanics and market impact
Risk of Japan selling US Treasuries
S&P 500 valuation and earnings outlook
Oil prices vs. rate risk debate
Diesel crack spread and inflation concerns
Sponsors: Sling and Fidelity
Data center pause in Loudoun County, VA
NTT Data CEO: NIMBYism and community relations
Data center capex and AI demand drivers
Allegations of foreign interference in DC policy
Sponsors: Venture Global and Schwab
Netflix downgrade and streaming sector weakness
Berkshire Hathaway leadership transition analysis
News update: Iran rally and DEI ruling
iPhone 18 Pro review with John Gruber
2026 Midterms: Market impact and AI policy
Nike loses Mbappe; Dow membership rumors
Disclaimer and Sponsor: Schwab
Listen ad-free on Castria