9AM HOUR: Wholesale Inflation Rises, AI Fears, Apple's Foldable iPhone Debut 9/10/26

Former NEC Director Gary Cohn joins with his reaction to this morning's inflation data and President Trump floating $5,000 payouts to Americans. Then, ServiceNow CEO Bill McDermott joins to discuss the latest warnings around AI. Plus, Goldman Sachs Chief U.S. Equity Strategist Ben Snider shares his take on the market and where he sees opportunity right now.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.

An exclusive with Airbnb CEO Brian Chesky, offering his advice to OpenAI’s Sam Altman and Anthropic’s Dario Amodei as existential concerns around AI grow on Wall Street and beyond. Plus, Compass CEO Robert Reffkin breaks down the housing market as high rates continue to weigh on affordability, and we get Wall Street’s reaction to Apple’s latest product launch—and whether a foldable iPhone can move the needle for investors.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 hotter-than-expected wholesale inflation data: The August Producer Price Index rose 5.4% from year-ago levels. WTI Crude joined Brent with prices surpassing $100 per barrel, while diesel prices extended record highs. The anchors reacted to the latest comments from former Anthropic and OpenAI researcher Jacob Coxon, after his social media post stated that "people building AI earnestly believe that it could kill us all by the end of the decade." Also in focus: Apple's new foldable "iPhone Duo" and its $1,999 price tag; What the CEOs of AT&T and CrowdStrike told David Faber at Goldman Sachs' Communacopia conference; Meta gets upgraded; What to expect from Oracle's after-the-bell earnings; President Trump pledges a $5,000 "dividend" to each adult American if the Republicans retain control of the House and Senate in November's midterm elections.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.

Biogen CEO Christopher Viehbacher joins from the Wells Fargo Health Care Conference to discuss the company's drug pipeline and growth outlook. Then, Novartis CEO Vas Narasimhan joins after the company had its third drug trial setback in a week. Plus, we bring you an interview with the CEO of Visa after the company released new data around AI and shopping. 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 likes what this hyperscaler is doing. 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.

The CEO of Wells Fargo, Charlie Scharf, live from the company’s 2026 Healthcare Conference in Boston. On the M&A pipeline, the consumer and the risks AI is posing to the industry. Then the CEO of fintech company Chime. After announcing plans to acquire Stride bank for $590M in cash. And the CEO of Charter in his first interview since closing the Cox deal. How he’s trying to turn around a stock that has lost about two thirds of its value since 2022.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 reacted to fresh warnings involving AI safety. One Anthropic researcher who resigned from the company accused the startup and its rival OpenAI of "gambling with our lives," while a current Anthropic researcher said he believes there is a more than 10% chance of AI "killing all humans." At the Goldman Sachs Communacopia + Technology Conference in San Francisco, David interviewed CoreWeave CEO Mike Intrator about AI and the data center backlash. Cramer explained the significance of higher oil prices' impact on the markets, after Brent crude surpassed $100/barrel for the first time since July. Also in focus: What to expect from Wednesday's Apple's product event; What Airbnb's CEO told David about AI fears; Shares of Jersey Mike's surge on its first earnings report since going public. 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 this chip stock could rise much more. 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.

TD Bank U.S. Vice Chair Jeff Solomon joins with his outlook for the market and the broader economy. Then, Bank of America's Global Head of Commodities Francisco Blanch discusses his expectations for oil prices after fresh strikes in the Middle East over the weekend. Plus, we bring you the details of Novartis' trial setback that has the stock plunging today. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Oil prices jump as the shortened trading week begins under pressure. Former Defense Secretary Mark Esper joins Squawk on the Street to discuss the latest escalation in the Middle East. Plus, Rockefeller International Chairman Ruchir Sharma warns about the one factor that could derail the AI boom. And we break down the news sending Qualcomm shares higher and what it could mean for the chipmaker’s next phase of growth. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.