11AM Hour: Schwab CEO, Counselor to the Treasury Secretary David Zervos & Expectations for Micron Earnings 9/30/26
Summary
David Zervos, the new Treasury counselor, argues that bond market volatility stems from energy prices and global capital demand rather than inflation, suggesting the Fed should avoid preemptive rate hikes. Charles Schwab CEO Rick Worcester discusses the launch of "Charlie," an AI assistant designed to boost client engagement and retention, while dismissing fears that AI will drain bank deposits. The episode also covers a voluntary AI safety framework signed by tech leaders at the White House and a CNBC investigation into a Chinese spy who used romance to infiltrate the Federal Reserve.
Topics discussed
Sponsor: Venture Global
Show intro and market overview
Inflation data and Fed rate outlook
Interview: David Zervos on Treasury and bonds
Sponsors: Schwab and CDW
Interview: Charles Schwab CEO on AI
Sponsor: Discover Card
White House AI safety agreement
News: TSA policy and US withdrawal from Iraq
Interview: Janus Henderson on private credit
Documentary: Chinese spy at the Fed
Micron earnings preview and AI demand
Market wrap-up and upcoming events
Listen ad-free on Castria