11AM Hour: McDonald's CEO, Okta CEO & Trump-Xi Meeting on Deck 9/23/26
Summary
Squawk on the Street covers market updates, including a surge in memory ETFs and a defensive shift toward the Magnificent Seven, alongside a discussion with Roundhill CEO Dave Mazza. The episode features Okta CEO Todd McKinnon on securing AI agents and McDonald’s CEO Chris Kempczinski on AI integration, GLP-1 impacts, and new store designs. Additionally, the show analyzes the Trump-Xi state visit, the UN Security Council briefing by OpenAI and Anthropic CEOs, and Mastercard’s forecast for strong holiday spending driven by AI-enabled consumer behavior.
Topics discussed
Sponsor: Schwab Trading Education
Show Intro: Okta, Mastercard, and Market Overview
Semiconductor Sector: Leverage Reset and Micron Earnings
Magnificent Seven as Defensive Trade and Thematic ETFs
AI ETF Strategies: CHAT vs Mags and OpenAI/Anthropic IPOs
Market Data: PMI, DRAM Volume, and Options Flow
Geopolitics: Iran's Defiant Speech at the UN
Diplomacy: Xi Jinping's Red Carpet Welcome in Washington
Sponsors and Transition to Okta Interview
Okta CEO: Balancing AI Security and Innovation
Okta CEO: Managing AI Agents and Competitive Landscape
Okta CEO: Frontier Models and Identity Management Future
Sponsors and Transition to McDonald's Interview
McDonald's CEO: AI in Drive-Thrus and Operations
McDonald's CEO: New Restaurant Design and GLP-1 Impact
McDonald's CEO: Social Media Strategy and Margin Story
News Update: FBI Job Site Hack
AI Safety: OpenAI and Anthropic Briefing UN Security Council
Mastercard: Holiday Spending Forecast and AI Consumer Trends
Trade: Potential Changes to US Ban on Chinese Autos
Disclaimer and Sponsor: LinkedIn Premium
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