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Squawk on the Street

SOTS 2nd Hour: All That Glitters Is Gold, OpenAI Big Tech Playbook, & A Sora-Subject? 10/8/25

Squawk on the Street

CNBC

News, Business, Investing

4.1567 Ratings

🗓️ 8 October 2025

⏱️ 43 minutes

🧾️ Download transcript

Summary

Gold hitting record high after record high: Carl Quintanilla and Sara Eisen kicked off the hour with a look at what's driving the historical rally - before discussing the market impact with Citi's U.S. Equity Strategist Scott Chronert... And later on, Wall Street Journal Chief Economics Correspondent Greg Ip argued it's a sign of eroding faith in central banks worldwide - find out why.  Also in focus: OpenAI out with a slew of new products and partnerships... Hear more on how to trade the news across semiconductor stocks *and* big tech with a key focus on possible risks ahead. Squawk on the Street Disclaimer

Transcript

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0:00.0

Good Wednesday morning. Welcome to Squawk on the Street. I'm Sarah Eisen with Carl Kenton.

0:04.4

We are live as always from post-night of the New York Stock Exchange. David Faber has the morning off.

0:08.8

Coming up in today's show is OpenAI futuristic SORA app a threat to social media companies and to Hollywood?

0:16.0

We'll talk about the growing concerns from competitors and creatives.

0:20.0

Plus gold hits another record high this morning, but not everybody's happy about it.

0:24.1

We'll talk about why the surge could be a warning sign for the entire market.

0:28.8

We begin, though, with the government shutdown now in day eight and some real world impacts being felt as we entered this second week.

0:35.8

Phil Leboe joins us with a look at how the stoppage is

0:37.7

impacting flights in particular. Morning, Phil. Hi, Carl. We've seen this happen over the last

0:43.3

couple of days, and it is continuing today with flight delays around the country. There's no specific

0:48.8

pattern. In other words, you don't see one airport in particular that is always hit, though we see

0:53.8

some of the usual

0:54.5

suspects here. Chicago, O'Hare has had a number of ground delays, Newark, Denver, Nashville

1:01.5

yesterday, and there are more delays due to air traffic control staffing, which, by the way,

1:06.6

we should point out, the air traffic controller union put out a note to its member saying,

1:11.1

you are expected to come to work.

1:14.0

This is, you're not allowed to say, well, everybody's taking it off.

1:18.5

I'm taking it off.

1:19.4

But you guys know how this goes.

1:21.1

There's clearly air traffic controllers who are not showing up for their job.

1:25.8

Now, whether or not they're legitimately sick or if they

1:28.1

decide they're too stressed out, whatever the matter is, this has resulted in delays. Look at how they

...

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