Previewing Big Tech Earnings, Anthropic IPO Announcement, Countdown to Midterms 10/26/26
Power LunchShow Notes
Stocks are higher across the board as semiconductor makers rally after Anthropic’s IPO filing revived enthusiasm for the artificial intelligence trade. Kelly Evans and Brian Sullivan are joined on-set by Yardeni Research President, Ed Yardeni, and Oppenheimer Head of Technical Analysis, Ari Wald, to give their investing strategies ahead of a busy slate of tech earnings and the Fed’s interest rate decision on Wednesday afternoon. CNBC’s Leslie Picker reports on the latest from Anthropic’s S-1 filing and Yorkville Ives & Co’s Dan Ives joins the anchors on set to break down some of the latest tech headlines from Meta, Microsoft, and Alphabet. Later, Monica Guerra, Morgan Stanley Wealth Management Head of Policy, provides her investing playbook with just over a week to go until the midterm elections as Democrats look to take back both chambers of Congress from Republicans.
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The markets are falling to end the trading week as defensive stocks within consumer staples, utilities, and healthcare sectors are all lower.
Stocks are tumbling on renewed concerns around spending by artificial intelligence companies, while oil prices jump as geopolitical tensions rise.
Tech stocks are leading the markets higher as the latest developments surrounding SpaceX and Tesla lead investors to move back into technology. Brian Sullivan and Kelly Evans are joined on set by Schwab Center for Financial Research Head of Macro & Strategy, Kevin Gordon, who gives a broader look at the state of the markets following SpaceX’s strong quarterly results as Tesla gears up to report after-the-bell. LightShed TMT Analyst, Walter Piecyk, joins the show to discuss why he believes SpaceX’s StarLink business can pose a problem to legacy telecommunication companies like Verizon and AT&T. Later on, Terry Duffy, CME Group CEO, chats with the anchors about his company’s latest earnings report and his forecast for global bond yields amid the political unrest happening across Europe and beyond.
The markets are mostly higher as a number of upbeat earnings reports and a drop in oil prices overshadow recent pressure in the tech space. Kelly Evans and Brian Sullivan are joined on set by MAI Capital Management’s Chris Grisanti and Defiance ETFs CIO, Sylvia Jablonski, to discuss whether they are buying into the tech dip or taking profits before the potential AI bubble pops. CNBC Options Reporter, Oliver Renick, joins the show live from the Cboe trading floor to report on the options activity he’s seeing ahead of Netflix’s and SpaceX’s key earnings reports due out after the markets close. Airlines for America CEO, Chris Sununu, speaks with the anchors about the Ryanair CEO’s warning that Europe could be facing the biggest airfare hike in history ahead of the holiday travel season.
Stocks are mixed to begin the new trading week as investors move back into tech following last week’s artificial intelligence-related rout. Brian Sullivan and Kelly Evans sit down with Robinhood CIO, Stephanie Guild, and CNBC’s Seema Mody to discuss the state of mega-cap AI valuations as CoreWeave is set to enter its second week at 15% debt yields. Later, Rockefeller International Chairman, Ruchir Sharma, join the anchors to cover the global markets as mass protests threaten Europe’s economy and America’s debt may be a growing cause for concern. Goldman Sachs Analyst, Neil Mehta, also comes on-set to break down his latest list of energy stock ideas across the global oil industry.