9AM HOUR: AI Trade Rebounds, Telecom Tumbles on SpaceX Spectrum Deal, Apple Slides 10/9/26
Squawk on the StreetShow Notes
Carl Quintanilla and Jim Cramer led off the show with the AI trade rebounding after the worst day for tech since August — the decline was sparked by reports of weaker-than-expected revenue at OpenAI. SpaceX shares rose after the company announced its spectrum deal to launch Starlink as a player in the mobile space. AT&T, Verizon and T-Mobile share tumbled on that news. Hear what Delta CEO Ed Bastian told CNBC about Elon Musk warning him he would "lose his job" for passing on Starlink wi-fi for the airline. Also in focus: Apple shares fall on a report involving demand for the iPhone 18 Pro; The possibility of Treasury yields hitting 6%; Humana soars on Medicare Advantage ratings; Flashback: What AT&T CEO John Stankey told David Faber about Starlink last month.
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