11AM Hour: Sequoia Capital Partner Shaun Maguire, Webull Shares Tumble & Apple's Smart Home Ambitions 10/7/26
Summary
Markets take a breather as tech pauses after a record run, with the 10-year yield hitting a 24-year high. Wells Fargo’s Osung Kwong warns that AI capex growth may peak, favoring hyperscalers over semiconductors. Sequoia’s Sean McGuire discusses his firm’s aggressive bets on Israeli tech and SpaceX, while T. Rowe’s Tony Wong highlights Apple’s new smart home push. Additionally, Webull shares plunge on a congressional report alleging ties to the Chinese government, and private credit pressure persists due to retail redemption concerns.
Topics discussed
Sponsored segment: ADHD treatment options
Intro: Market breather and guest introductions
Market update: Early session lows and bond yields
New York Fed survey: Inflation and employment expectations
Treasury buyback and market-based inflation expectations
Wells Fargo strategist: Year-end outlook and AI capex concerns
Hyperscaler capex cycle and semiconductor earnings
Valuation risks: S&P 500 yield and interest rate impact
Consumer sector seasonality and tax-loss harvesting
AI industrials vs. semis and economic warning signs
Disney: Super Bowl on Disney+ and theme park pricing
Sponsored segments: Wise and CNBC Changemakers
Sequoia's Sean McGuire: Personal impact of Oct 7 and DARPA
Investing in Israel: Resilience and contrarian strategy
Israeli tech innovation: Defense, cyber, and AI security
Boycotts and reputation: Stated vs. revealed preferences
Elon Musk and SpaceX: Freedom of speech and future outlook
Webull news teaser and Venture Global ad
News update: Pharma lawsuit and Jaguar EV launch
Apple and LG smart home accessories report
T. Rowe Price: AI opportunities in semis and applications
Private credit: Retail sentiment vs. loan quality
Webull: Congressional report on China ties and stock drop
Economic outlook: Rates, debt, and upcoming earnings
Earnings calendar and closing remarks
Sponsored segment: Zepbound for sleep apnea
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