SOTS 2nd Hour: Deep-dive with Nike's CEO, AMD-OpenAI Details, & America: One Big Bet On AI? 10/6/25

Squawk on the Street

CNBC

News, Business, Investing

4.1 • 567 Ratings

🗓️ 6 October 2025

⏱️ 44 minutes

🔗️ Recording | iTunes | RSS

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Summary

Carl Quintanilla and Sara Eisen discussed a morning of market moves abroad and at-home - as big political changes hit countries like Japan and France. Rockefeller's Ruchir Sharma joined the team to break it all down, fresh off an article in the Financial Times arguing betting on America is just one bet on AI... Find out why this hour, before a deep-dive on the AMD-OpenAI deal sending shares of the former name surging to their best day in years. Plus: hear from the man who wants to turn Nike around, CEO Elliott Hill, in a wide-ranging sit down from the company's Portland HQ... His first television interview since taking role. Included this hour - his strategy to return to growth, how they're clearing old inventory, and why he returned after retiring in 2020. Squawk on the Street Disclaimer

Transcript

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0:00.0	Good Monday morning. Welcome to Squawk on the Street. I'm Carl Canton-Ais.
0:02.4	Sarah Isens here at Post-9 of the New York Stock Exchange. David Faber as the morning off.
0:06.0	Coming up this morning, AMD shares are spiking on this big new partnership with Open AI. We're going to talk to longtime chip industry watcher Patrick Morehead about the latest tie-up in this AI arms race. Sarah did speak exclusively with Nike's Chief Elliot Hill, his first TV interview since taking the top job at the company's headquarters in Beaverton, Oregon.
0:24.9	As he gets ready to mark one year in the role, we'll hear about his plan to turn around that story brand.
0:31.4	How was your weekend, Sarah?
0:33.2	It was busy. Going to Portland in one day is an intense experience.
0:36.9	But you know what? It was worth it because really got to meet and interact with Elliot on his home turf and see some of the innovation that's going on there.
0:46.0	He's got a turnaround job ahead of him. So I got a sort of front row seat and I'm excited to share it with you guys this hour in a little bit. But Carl, you know, starting on the markets, you know, we're in this shutdown, and yet the S&P 500 is really resilient.
0:59.0	What's notable today is the politics changing around the world and that reverberating around global markets.
1:07.0	There's the U.S. market.
1:09.0	Different story in France. I mean, we're watching these French
1:12.5	bonds. They are sinking higher yields. The French stock market is under a lot of pressure today.
1:18.3	This after the brand new prime minister resigns yet again just hours after announcing his cabinet,
1:24.8	which was sort of rejected. And now France is in political
1:28.4	turmoil. It's been in political turmoil, really, since 2022. I think this is the fifth prime minister.
1:33.3	And it's all around the debt. And that's why we're seeing market reactions. They have an
1:37.7	unsustainable debt problem and fiscal issues. And all the solutions just keep getting rejected.
1:44.0	So I think the question now is is what does President Macron do about it?
1:48.8	Does he appoint someone else?
1:50.1	Does he appoint someone in the opposition?
1:51.9	Does he call for legislative elections?
1:53.4	Remember he did that last time, it didn't work out so well?
	...

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