Stocks are dropping to start the new trading week as treasury yields are on the rise once again. Brian Sullivan and Kelly Evans bring the latest headlines and start off the show with Nvidia’s announcement to raise its share buyback plan a record $150 billion. Seaport Research Senior Analyst, Jay Goldberg, kicks off the program with his initial reaction to the news and breaks down some of the best-positioned semiconductor stocks in his coverage. MoffettNathanson’s Craig Moffett also joins the show to discuss the state of SpaceX as the company successfully launched its Starship rocket into orbit for the first time. Later on, Mark Sheahan, Graco President &amp; CEO, joins the anchors on-set to explain his company’s business model and how they are participating in the AI and industrial buildout across the country. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Nvidia’s Record Buyback, SpaceX Starship Rocket, Graco CEO Interview 9/28/26

Power Lunch

[SPEAKER_11] A record stock buyback, an historic launch and more reports of progress in negotiations with Iran. Welcome to Power Lunch, everybody. I am Brian with Kelly. Borrowing costs, they keep going up, but stocks largely, they just keep shrugging it off. Case in point, NVIDIA, stock near session highs as they make a couple of big moves.

[SPEAKER_04] We are also following two other movers for you. Oil on the move today on reports that President Trump is willing to offer Iran sanctions relief and to release frozen funds for concrete progress on a nuclear deal. And SpaceX launching its massive Starship rocket into orbit for the first time, marking a new chapter in satellite deployment and space economy. Both of those stories are ahead this hour.

[SPEAKER_11] We are here for the space economy, but we begin with arguably the most important stock in the world, maybe in outer space, too. It is NVIDIA. It is the top stock in the Dow right now, and there's really two good reasons why. Number one, NVIDIA just authorizing $150 billion in a share buyback. And if that sounds big, it is.

[SPEAKER_11] It is the largest buyback authorization in American and maybe global stock market history, surpassing all those Apple buybacks. NVIDIA also unveiling new software designed to help developers put guardrails around AI agents. Here is CEO Jensen Huang on Squawk this morning.

[SPEAKER_05] And so we want to accelerate the advancement of AI. And today we're putting forth this new technology, OpenShell and NVIDIA Sentry, that these two technologies make it possible for us to contain and to monitor. But it takes a lot of technology to make this possible.

Nvidia’s Record Buyback, SpaceX Starship Rocket, Graco CEO Interview 9/28/26

Read the full transcript

The candid version is on a podcast,
not the earnings call.

Nvidia’s Record Buyback, SpaceX Starship Rocket, Graco CEO Interview 9/28/26

Read the full transcript

The candid version is on a podcast, not the earnings call.

The candid version is on a podcast,
not the earnings call.