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Squawk on the Street

11AM Hour: SK Hynix Opens for Trade, FCC Chairman Brendan Carr & Apple's China Sales Fall 7/10/26

Squawk on the Street

CNBC

News, Business, Investing

4.1567 Ratings

🗓️ 10 July 2026

⏱️ 47 minutes

🧾️ Download transcript

Summary

We bring you the latest coverage of SK Hynix as it opens for trade on the Nasdaq. Then, FCC Chairman Brendan Carr joins to discuss the agency's ongoing battle with Disney. Plus, we break down the outlook for Apple's key China market as sales fall. Squawk on the Street Disclaimer

Transcript

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0:00.0

Good Friday morning again. Welcome to Squawk on the Street. I'm Sarah Eisen with Carl Kintania,

0:03.7

live from Post 9 of the New York Stock Exchange. Today, FCC chair, Brendan Carr, is with us

0:08.6

with the latest on the agency's Disney investigation and his first comments since ABC blasted

0:14.1

the probe in a new filing this week, calling it misinformation in an effort to, quote,

0:18.8

chill, critical, protected speech.

0:20.8

South Korean memory chipmaker S.K. Hynex making its highly anticipated U.S. debut.

0:24.6

We are expecting trade to begin this hour.

0:27.6

And Volkswagen and BMW reporting quarterly sales declines,

0:31.6

getting hit hard by slumping demand in China.

0:34.6

Here in the U.S. signs that consumers are still buying, especially hybrids and EVs.

0:38.6

We're going to break all of that down

0:39.7

with the former Tesla president

0:41.2

and former GM board member, John McNeil.

0:43.6

And a big interview coming up in one hour.

0:45.4

Elon Musk is going to join

0:47.9

Julia Borsden for an exclusive interview.

0:50.3

They'll talk everything from GROC's new model launch

0:52.5

and reaction to the first month of trading in SpaceX.

0:57.5

Meantime, markets here a little jumpy after the president did reiterate on truth social that the ceasefire with Iran is over, in his words.

1:06.6

A 10-year treasury gets a little bounce back to 455. Vicks, though, still not old enough to drive.

1:12.0

We'll see how much of this sticks. Yeah, I mean, nothing like the sharp reactions that we saw in the

1:16.0

beginning of the war, where oil prices are sort of barely higher. And 70 was the low that before this

...

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