SOTS 2nd Hour: Dow Hits New Record High, Sam Altman Touts ChatGPT Reacceleration, “Bash All Day, Buy All Night” 2/9/26
Squawk on the Street
CNBC
4.1 • 567 Ratings
🗓️ 9 February 2026
⏱️ 44 minutes
🧾️ Download transcript
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| 0:00.0 | Good Monday morning. Welcome to Squawk on the Street. I'm Sarah Eisen with Carl |
| 0:10.5 | Cantania and David Faber. We are live, as always, a post-9 of the New York Stock Exchange. |
| 0:14.6 | Coming up, the Dow hitting a record high Friday after a week of turbulent trading for the major |
| 0:19.2 | averages. We'll talk to Citigroup, Scott Cronert, about where he sees equities heading from here. Plus, Bitcoin under more pressure |
| 0:25.0 | this morning, still sitting below $70,000. Former Barclay CEO turned crypto company executive, |
| 0:30.6 | Bob Diamond, will be here to discuss and foreign money flowing into the United States like never |
| 0:36.0 | before. According to Rockefeller's Roosier Sharma, |
| 0:38.6 | why he says investors overseas are bashing the U.S. all day and buying all night. |
| 0:43.8 | But guys, this is a very big, important week for the economy. |
| 0:47.1 | We're going to get a lot of key data releases starting tomorrow with retail sales, |
| 0:50.7 | a read on the consumer where there's a lot of debate about high-end, low-end, and what's going on with overall spending. Wednesday, very unusual, the Wednesday jobs report, that remember it was delayed because of the government shutdown, so we will get that January jobs. Thursday, jobless claims, as always, after an elevated read last week on Americans filing for jobless claims, and then the big |
| 1:11.3 | inflation CPI report on Friday. I wanted to just zero in on jobs for a moment. What we're expecting, |
| 1:18.1 | 55,000 jobs to be created in January, 4.4% unemployment rate. So kind of stable trends, which |
| 1:25.0 | overall have been worse lately, you know, just in terms of the amount |
| 1:29.3 | of job growth. |
| 1:30.3 | In fact, Kevin Hassett, the head of the National Economic Council for President Trump, was on with us this |
| 1:34.3 | morning, and he hinted that it may not be great. |
| 1:37.3 | Listen. |
| 1:38.3 | When there's a productivity boom, then maybe you can make the same amount of stuff with fewer workers, and so that might reduce labor demand. And then the other thing is that there's a productivity boom, then maybe you can make the same amount of stuff with fewer workers, |
| 1:44.8 | and so that might reduce labor demand. And then the other thing is that there's a pretty big |
| 1:48.9 | decline in the labor force because illegals leaving the country. And so the break-even job number |
| 1:56.5 | is quite a bit lower than it was under Joe Biden when there were people, you know, |
... |
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