We bring you an exclusive interview with McDonald&#x27;s CEO Chris Kempczinski where he discusses the company&#x27;s stock price, current use of AI and the impact of GLP-1s on the business. Then, Okta CEO Todd McKinnon joins to discuss the company&#x27;s new offerings for AI agents as security concerns grow. Plus, we preview what to expect for President Trump&#x27;s meeting with Chinese President Xi Jinping tomorrow.<br>Squawk on the Street Disclaimer<br><br>Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

11AM Hour: McDonald's CEO, Okta CEO & Trump-Xi Meeting on Deck 9/23/26

Squawk on the Street

[SPEAKER_10] Good Wednesday morning. Welcome back to Squawk on the Street. I'm Sarah Eisen with Carl Quintanilla, live from Post 9 of the New York Stock Exchange today. As AI fears grow, security firm Okta aiming to offer a solution, expanding how enterprises can find, manage and stop AI agents, including a last resort kill switch. We'll discuss all this with CEO Todd McKinnon.

[SPEAKER_09] McDonald's hosting its investor day today as the U.S. business continues to struggle. Stocks down 29% from the all-time high back in March. You'll have more with our exclusive conversation with Chris Kempczynski. You'll hear what he told us about plans to deliver for shareholders, how the chain's leaning in on AI, and the impact of GLP-1s on the restaurant business.

[SPEAKER_10] And MasterCard's consumer outlook. Chief Economist Michelle Meyer joins us to discuss why ongoing economic uncertainty is not taking a big bite out of spending. And guess what? AI is impacting holiday spending as well.

[SPEAKER_09] As for the markets, a little bit of work to do here with the 10-year up to 5.06. Long bond almost to 5.37 or so. Got some weakness in most sectors except for energy. Some strength in industrials and financials in breadth is about 3 to 1 negative. Semis pulled back this morning but still up big over the last few days. The SME ETF up about 10% over the last week. And that momentum is spilling over into memory names. Check out the memory ETF DRAM up more than 12% over the same period.

[SPEAKER_09] Our next guest firm manages the DRAM ETF. Joining us today is Roundhill Investment CEO Dave Mazza, who joins us here at Post9. It's good to have you back, Dave. Welcome. Hey, thanks for having me back.

11AM Hour: McDonald's CEO, Okta CEO & Trump-Xi Meeting on Deck 9/23/26

Read the full transcript

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

11AM Hour: McDonald's CEO, Okta CEO & Trump-Xi Meeting on Deck 9/23/26

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.