9AM HOUR: White House AI Summit Aftermath, PCE Inflation Gauge Holds Steady, CoreWeave CEO "First on CNBC" 9/30/26
Summary
Hosts Carl Quintanillo and Jim Cramer discuss a cooler-than-expected August PCE report and strong ADP payroll data, which initially boosted stocks before a report of an LNG tanker attack in the Strait of Hormuz dampened sentiment. The duo analyzes the White House’s new voluntary AI safety pact, debating whether tech leaders’ self-policing is genuine or merely a political maneuver to avoid regulation. CoreWeave CEO Mike Intrater joins to detail the company’s first customer on NVIDIA’s Vera Rubin platform, asserting that demand for AI infrastructure remains robust despite rising interest rate…
Topics discussed
Intro: Energy, AI, and market preview
Morning headlines: PCE, AI safety pact, CoreWeave
Debate on AI safety, politics, and industry response
Analysis of tech leaders' misreading of America
Oil prices, bond yields, and market positioning
Sponsorships: Venture Global and Stamps.com
Interview: Mike Intrader on Vera Rubin and data centers
Transition: Micron earnings preview and Schwab ad
Sponsorship: Stamps.com
Cerebras, OpenAI, and Meta's commercial AI products
Market wrap: IPOs, conferences, and bond outlook
Fed policy, mortgage crisis, and bond market sell-off
CDs, bond curves, and Meta's enterprise shift
Pharma: Melanoma vaccine and Lilly vs. Novo Nordisk
Apple: Product refresh, home push, and Duo strategy
Apple Duo, Starlink, and small business AI tools
Consumer stocks: McDonald's, Dunkin', and traffic trends
Corporate news: Layoffs, Mattel, and Hasbro
Trading hours, SpaceX valuation, and Chicago PMI
Microsoft performance and book recommendation
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