10AM Hour: Nvidia CEO Picks Next Trillion Dollar Company, Robinhood CEO, Early Anthropic Investor on IPO 6/2/26
Squawk on the Street
CNBC
4.0 • 566 Ratings
🗓️ 2 June 2026
⏱️ 40 minutes
🧾️ Download transcript
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| 0:00.0 | Good Tuesday morning. Welcome to Squawk of the Street. I'm Carl Kintania with David Faber, Simamodi, live at Post 9 of the New York Stock Exchange. |
| 0:12.1 | Sarah Eisen's on assignment today. Coming up on today's show, we'll talk to an early anthropic investor about the company's move to go public, and we'll hear what OpenAI. Sam Alderman told David |
| 0:21.0 | yesterday about the race to the public markets. CEO of Robin Hood's with us to talk about |
| 0:25.4 | agentic trading, prediction market regulation, and a new acquisition opening the door to business |
| 0:31.0 | in Canada. And we'll get to what's driving the major moves today for both HPE, leading the S&P, |
| 0:38.1 | and Marvell. |
| 0:41.7 | All right, first we have Jolt's data just crossing. |
| 0:43.1 | Rick Santelli has it for us. Rick. |
| 0:48.0 | Yes, David, this is some powerful, powerful data. |
| 0:51.6 | Job openings and labor turnover, known as Jolts. |
| 0:53.7 | This is April Reed, two months in arrears. |
| 1:13.0 | We're expecting a number around 6.8 million. Wow, way higher. 7,000618,000. That's the best since May of 24. Let's call it two years. And the other part of this says good news, the vacancy rate, which is expected to be 4.2%, jumps up to 4.6%. The last time we were higher than that at 4.7%, and you guessed it, |
| 1:22.2 | also May at 24. So this is pretty good news, especially on the week where we're going to have the employment report. |
| 1:29.2 | The no hire, no fire might be a little bit more hiring than firing as of late. |
| 1:34.3 | And one other notion I'd like to point out, the 210 spread now, the difference between those two yields is 41 basis points. |
| 1:42.7 | It hasn't been that small. |
| 1:47.9 | The curve hasn't been that flat in 14 months. Why? |
| 1:53.2 | Well, because of the Fed on the short end, keeping rates on the high side, and on the long end, |
| 1:59.7 | following oil. And remember, the day before the conflict, we settled a tenure at 3.94%. Maybe we revisit that when the conflict's over. |
| 2:02.6 | Seema, back to you. |
| 2:04.6 | Rick, thank you. |
| 2:05.6 | Just saw the NASDAQ now trading positive territory. |
... |
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