10AM Hour: Contrarian Rate Call, Accenture CEO, Street Reaction to Micron Results 10/1/26
Summary
Squawk on the Street discusses rising bond yields and Fed policy, with Citi’s Scott Kronhardt arguing for a prolonged pause despite hawkish signals from bank presidents. Accenture CEO Julie Sweet joins to explain the company’s record earnings and its new AI safety partnership with Anthropic, while tech analyst Ben Wrightsman defends Micron’s valuation amid a pullback. The show also covers strong jobless claims data, Google’s new AI model release, and Nike’s launch of a signature Caitlin Clark shoe ahead of its earnings report.
Topics discussed
Sponsor: Venture Global energy infrastructure
Intro: Bond yields, Fed, and Citi's Scott Kronenard
Strong jobless claims and Challenger layoff data
Bond market dynamics and structural growth vs inflation
AI impact on jobs and Anthropic robotics index
ISM data and 10-year yield movements
Fed officials' views on October rate hike
Yield curve analysis: Growth vs Fed tightening
Gap between market expectations and Fed policy
Citi's view on prolonged Fed pause and macro focus
Earnings revisions and S&P 500 outlook
Upcoming segments: Alphabet AI and Nike
Sponsors: Discover Card and Mint Mobile
Interview: Accenture CEO Julie Sweet on AI growth
Sponsors: Discover Card and Mint Mobile
News: Failed execution of Krista Pike
Micron earnings, buybacks, and memory chip outlook
Nike's Caitlin Clark signature shoe launch
Options flow in software stocks and SP500 levels
Disclaimer and Sponsor: Zepbound
Listen ad-free on Castria