9AM HOUR: Markets and the Trump-Xi Summit, Oracle Slides, Meta's New Products and "Muse-Mania" 9/24/26
Summary
Squawk on the Street covers pre-market equity weakness driven by a global bond sell-off, with 10-year yields hitting their highest level in nearly two decades. The segment analyzes the impact of rising interest rates on AI infrastructure financing, highlighting Oracle’s force majeure notice for its New Mexico data center and SoftBank’s high-yield debt issuance. Additionally, the show discusses the US-China summit in Washington, Meta’s launch of its new AI agent "Muse," and mixed earnings from consumer staples like Darden and Starbucks.
Topics discussed
Sponsor intro: Energy and AI infrastructure
Market open: Bond yields and Oracle news
Global bond sell-off and AI financing concerns
Equity market reaction and credit spreads
High yield divergence and SoftBank debt
AI capex, off-balance sheet debt, and IPOs
Oracle force majeure notice on data center
Political risk and midterm election impacts
US-China summit: Rare earths and AI hotline
China's strategic goals and Taiwan arms sales
Sponsor segments: Gemini and SimplySafe
Personal AI agents: Privacy and adoption
Sponsor segments: Gemini, Toyota, Monday.com
10-year yield streak and opening bell
Market breadth, equal-weight stocks, and midterms
Fed policy, inflation, and rate expectations
Consumer cyclicals and economic resilience
Oracle lease details and power permit delays
Space-based data centers and orbital compute
Diller's debt aversion and margin pressure
Aerospace, defense, and supply chain shifts
Meta's AI assistant and Threads user base
Memory chips, Goldman Sachs, and movie news
AI agents and subscription management
Closing disclaimer
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