9AM HOUR: Nvidia's Record Run, Sam Altman Makes the Rounds, Yields Keep Rising 10/5/26

Undersecretary of Defense for Research & Engineering Emil Michael joins after being added to President Trump's Super Intelligence Force. Then, Former White House Coordinator for the Middle East Brett McGurk discusses his new book about the race to free hostages from the October 7th Hamas attack. Plus, we discuss how a new AI model from Nvidia-backed Reflection brings on the competition for OpenAI and Anthropic.Squawk on the Street Disclaimer Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

UBS CEO Sergio Ermotti joins Squawk on the Street to discuss the bank’s wealth management push and the volatility rocking European bond markets. Plus, an infectious disease expert weighs in after a deadly incident at a plague research institute in Siberia prompts President Trump to offer U.S. assistance to Russia. And Constellation Energy signs a 20-year nuclear power deal with Alphabet to fuel its data center buildout, just a week after striking a deal with Amazon.Squawk on the Street Disclaimer Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Carl Quintanilla, Jim Cramer and David Faber discussed the S&P 500 and Nasdaq hitting new all-time intraday highs. The same goes for Nvidia as the chip giant marches toward a $6 trillion valuation. CrowdStrike shares also trading at a record high: CEO George Kurtz joined the anchors at Post 9 and discussed everything from AI safety to his company's partnership with Amazon's AWS and Nvidia. Paramount closed its acquisition of Warner Bros. Discovery and began trading under the combined entity's new name, Skydance. Also in focus: SpaceX extends its rally and sends Elon Musk further into trillionaire status; AMD plans to increase chip supply next year; OpenAI reportedly in talks to round up $30 billion in financing; Google and Constellation Energy agree to a 20-year power deal. Squawk on the Street Disclaimer Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Niles Investment Management Founder Dan Niles joins with his current outlook for the tech sector and where he sees opportunity right now. Then, we discuss the implications of Brazil's runoff presidential election later this month as stocks in the country rally. Plus, we bring you the latest details from the AI safety hearing in NYC today with executives from OpenAI and Anthropic testifying.Squawk on the Street Disclaimer Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Stocks have remained resilient, but RBC’s Lori Calvasina warns a 5% to 10% pullback could be coming. Plus, C.H. Robinson’s CEO joins Squawk on the Street in a first-on-CNBC interview following the company’s deal to buy RXO. And former Assistant Attorney General Jonathan Kanter weighs in on the growing debate over how—and whether—to regulate the biggest AI companies.Squawk on the Street Disclaimer Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Carl Quintanilla, Jim Cramer and David Faber explored what's next for Nvidia after the stock hit an all-time intraday high on Friday — and continued its march toward a $6 trillion valuation. The anchors also reacted to OpenAI CEO Sam Altman making the rounds when talking about AI safety — from a cover story in Vanity Fair to his appearance on a Politico podcast. Also in focus: Why bond yields are rising on both sides of the Atlantic Ocean; Treasury Secretary Scott Bessent's bond market message; M&A Monday; An upgrade for Wells Fargo; Morgan Stanley analyst Adam Jonas' note on SpaceX; Wrapping up the "Paramount Skydance era." Squawk on the Street Disclaimer Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Former Minneapolis Fed President Gary Stern joins us with his reaction to this morning's jobs number and what it means for the Fed. Then, Morgan Stanley U.S. Housing Strategist Jim Egan joins to discuss his outlook for the housing market as mortgage rates continue to rise. Plus, the CEO of European AI company Domyn joins us to discuss AI safety and global competition.Squawk on the Street Disclaimer Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Breaking developments in the energy market as the G7 announces a coordinated 100 million-barrel release, including a major diesel drawdown, aimed at easing supply pressures. Plus, Nike shares sink after weak guidance and more layoffs, prompting one longtime bull to drop his buy rating. And Goldman Sachs Chief Economist, Jan Hatzius, with his first reaction to the jobs report.Squawk on the Street Disclaimer Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Carl Quintanilla and Jim Cramer led off the show with the weaker-than-expected September jobs report. Stocks rallied and yields moved lower on the news, which fueled hopes the Fed will stand pat on rates later this month. The anchors reacted to breaking news from Tesla: The EV maker's third-quarter deliveries came in stronger than expected. Nike shares tumbled after the company issued disappointing guidance, posted a Q1 revenue miss amid slump in China sales and announced more layoffs ahead as part of a restructuring. Also in focus: A new name for the soon-to-be combined Paramount-Warner Bros. Discovery; Oil prices fall on reports European countries are mulling the release of diesel and crude reserves; Why memory chip stocks are under pressure; Elon Musk slams Delta's CEO in an X post; Cramer gets a hug from a New York Giants legend.Squawk on the Street Disclaimer Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Cramer says he would avoid selling this chipmaker before buyback restrictions end. Become an Investing Club member to go behind the scenes with Jim Cramer and Jeff Marks every day as they talk candidly about the market’s biggest headlines, analyst calls and holdings in the Charitable Trust – and see up close how they decide when, and if, to take action on stocks. Sign up here:  cnbc.com/morningtake CNBC Investing Club Disclaimer Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.