Squawk on the Street

UFC President and CEO Dana White joins to discuss the growth of the sport, their deal with Paramount, the recent White House event and much more. We also break down what's driving the tech sector lower today. Plus, Needham analyst Laura Martin speaks about why investors should buy the weakness in Netflix.

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Tech stocks come under renewed pressure as the Nasdaq heads for its first weekly loss in three weeks. On today’s Squawk on the Street, Apollo Chief Economist Torsten Slok explains how much of the economy’s outlook now depends on the AI trade. Plus, Netflix tumbles after disappointing guidance, but one Wall Street analyst says the selloff is a buying opportunity. And with SpaceX trading below its $135 IPO price, we examine what the options market is signaling about where the stock could go next.

 

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Wrapping up a volatile week for stocks, Carl Quintanilla, Sara Eisen and Michael Santoli delved into the chip sector extending its global sell-off on AI jitters. The anchors reacted to Netflix shares tumbling on current quarter guidance that indicated slower growth. TD Cowen analyst John Rutledge joined the Netflix conversation. Apple gets an analyst upgrade and surpasses Nvidia to reclaim the title of the world's most valuable company. Also in focus: Shares of SpaceX slide further below their $135 IPO price after an aborted Starship launch, Micron falls out of the trillion-dollar market cap club, PayPal M&A watch, LeBron James speaks about Nike's challenges, oil rallies on U.S.-Iran tensions, President Xi's AI game plan for China.

 

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Former Barclays CEO Bob Diamond joins to break down what's been a strong week of bank earnings. Then, Standard Nuclear CEO Kurt Terrani joins ahead of the company's public debut at the NYSE today. Plus, we break down UnitedHealth's latest earnings, which have the stock jumping today.

 

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OpenAI Chairman Bret Taylor joins the show, his AI unicorn "Sierra" launching new tools to take on the enterprise software incumbents. Then why results from Taiwan Semi are pressuring the rest of the chip sector. And ahead to Netflix results, what the options market is signaling about that report, after the bell.

 

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