11AM Hour: Former Fed Governor Stephen Miran, Qualcomm’s AI Device Roadmap, Energy Markets React to U.S.-Iran Talks 6/16/26

Squawk on the Street

CNBC

Investing, News, Business

4.1 • 567 Ratings

🗓️ 16 June 2026

⏱️ 44 minutes

🔗️ Recording | iTunes | RSS

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Summary

Former Federal Reserve Governor Stephen Miran joins Squawk on the Street to discuss the economic outlook ahead of Fed Chair Kevin Warsh’s first policy meeting as chair, as investors look for clues on the path of interest rates and inflation. Plus, oil prices react to reports of a potential Middle East peace deal, reshaping expectations for global energy markets. And Qualcomm lays out the company’s AI device roadmap, discusses the future of on-device intelligence, and weighs whether acquisitions could accelerate Qualcomm’s growth. Squawk on the Street Disclaimer

Transcript

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0:00.0	Good Tuesday morning.
0:07.6	Welcome to Squawk on the Street.
0:08.7	I'm Sarah Eisen with Carl Continia, live from Post 9 of the New York Stock Exchange.
0:12.0	Today, Fedwatch as new chair, Kevin Warsh, steers, his first moves on interest rates.
0:17.0	We'll discuss expectations there and whether there's still a case for a cut with former Fed Governor Stephen Myron.
0:23.1	He joins us here post nine in just a few minutes.
0:25.5	The SpaceX surge overtaking Amazon and briefly Microsoft by MarketCap today to join the top five most valuable companies in just its third day of trading.
0:35.0	And FCC chair, Brendan Carr says the agency is working to boost the space economy,
0:39.7	supporting America's satellite infrastructure buildout.
0:42.1	Chair Carr joins us to discuss that and more later this hour.
0:45.2	As for Mark, it's a little mixed today after yesterday's banner run.
0:48.7	Got some energy weakness once again, information technology down about a percent.
0:53.6	VIX close to 16 staples up a little bit.
0:56.5	Yesterday was interesting because even with all the trade that was higher, you had retail down, Walmart, Costco.
1:03.5	It wasn't a rush back to consumer names the way it was, say, for some travel stocks.
1:07.0	Yeah, maybe that rotation is playing out a little bit today as well with the S&P 500 lower,
1:11.8	but most sectors higher, and it's a mix of the defensive stocks, as you say, like utilities,
1:17.3	which are at the top of the market, and the financials and cyclical stocks there as well.
1:22.3	It's really just tech, mostly underperforming, which, you know, that impacts the overall index.
1:44.6	Also, software versus semis, a fresh five-year low. Let's bring in TD Bank, U.S. Vice Chair, special advisor Jeff Solomon, who joins us here at Post 9. There's so much to get to. I wonder, given all the pots that are boiling, what do you think is the most important right now? Well, I think the most important is, let's see what this agreement looks like at the end of the week with regards to the war. And I think that's sort of, you can't
1:51.0	really decide what you're going to be doing until you see how that looks. In my sense,
1:56.3	I've been, I've been pretty consistent. I think this is going to end sooner rather than later,
	...

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