SOTS 2nd Hour: Fmr. Defense Sec. Talks Iran, Wall Street's Week Ahead, & LIVE: CBOE CEO 4/6/26

Squawk on the Street

CNBC

News, Investing, Business

4.0 • 566 Ratings

🗓️ 6 April 2026

⏱️ 43 minutes

🔗️ Recording | iTunes | RSS

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Summary

Today: Sara Eisen, Carl Quintanilla, and David Faber kicked off the hour with fresh data, news on the President's "Trump Accounts" efforts, and a look at a make-or-break week ahead before getting HSBC's take on what it all means for stocks. Plus: the President threatening Iran's energy and civilian infrastructure as reports swirl around a potential ceasefire framework... Former Defense Secretary Mark Esper weighed in - and the team also took a look at what higher-for-longer gas prices could mean for an already battered airline industry. Elsewhere in the hour: The CEO of CBOE joined the team to talk about the growing popularity of options among retail traders, and later on... The team caught up with one congressman issuing a warning to Anthropic around AI's national security risks. Squawk on the Street Disclaimer

Transcript

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0:00.0	Good Monday morning. Welcome to Squawk on the Street. I'm Sarah Eisen with Carl Kintania and David Faber.
0:04.9	We are live as always at Post 9 of the New York Stock Exchange. Coming up on today's show,
0:09.2	former Defense Secretary Mark Esper with us as President Trump threatens Iran's energy and civilian
0:14.3	infrastructure and reports swirl of a potential ceasefire framework. Plus, New Jersey Congressman
0:19.9	Josh Gottheimer will join us after
0:22.2	sending a letter to Anthropic CEO about a major leak of the company's source code warning
0:27.1	about potential national security risks. And we'll talk to the CEO of Cebo about the growing
0:32.4	popularity of options among retail traders and the rise of prediction markets.
0:37.1	Let's get a busy week of data underway with some ISM services.
0:40.9	Rick Santelli's got it. Hey, Rick.
0:43.3	Yes, good morning, Carl. These are March for the ISM service side.
0:47.5	54.0 is the headline number. That would be the slightest, the weakest, since just January
0:53.5	this year when we were at 53.8.
0:55.8	We were expecting a number closer to 55, sequentially lower than 56.1.
1:02.4	Prices paid.
1:03.5	We'd really rather have this go down.
1:05.8	This is not only the 16th reading that is above 60.
1:10.3	This one is above 70,70.70.7. We're expecting 67. This would
1:18.3	equal where we were in October of 22 to find a higher number. You're going back to August of 22.
1:25.3	Now let's look at new orders. Expect the number right below 57, comes in strong,
1:30.8	60.6. That would be the strongest since Feb of 23, sequentially higher than 58.6. And finally,
1:39.2	on the employment side, and this is after we had the jobs report Friday with better showing on non-farm
	...

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