UBS CEO Sergio Ermotti joins Squawk on the Street to discuss the bank’s wealth management push and the volatility rocking European bond markets. Plus, an infectious disease expert weighs in after a deadly incident at a plague research institute in Siberia prompts President Trump to offer U.S. assistance to Russia. And Constellation Energy signs a 20-year nuclear power deal with Alphabet to fuel its data center buildout, just a week after striking a deal with Amazon.<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.

10AM Hour: UBS CEO on U.S. Growth, Russia Plague Risks, Nuclear Power Deal 10/6/26

Squawk on the Street

[SPEAKER_05] Good Tuesday morning. Welcome to Squawk on the Street. I'm Sarah Eisen with Carl Quintanilla and David Faber. We are live, as always, from Post 9 of the New York Stock Exchange. S&P 500 and Nasdaq touching record highs this morning. The S&P's first since early August. We'll talk with longtime market watcher Ed Yardeni for his read on the rally. Also ahead, the CEO of UBS is with us. We'll talk about the company's wealth management push and we'll get his take on the volatility in the European bond market and how long that could last. Plus, we'll talk with an infectious disease expert as President Trump offers to

[SPEAKER_05] assist Russia following the death of a lab worker at a plague research institute in Siberia. Also, Undersecretary of Defense, Emile Michael will join us after just being named to President Trump's super intelligence force. We'll talk about what all of that is about. But guys, I wanted to start in Europe because everybody is now watching French bonds. I mean, this has become the sort of center of the storm and they're coming in today, which I think is providing a little bit of a rally yields lower. That's a little better. But when we're going to

[SPEAKER_05] What everybody started to notice is that these yields had surged and cost more to borrow in France than in former debt hotspots like Greece and Italy, which brings back bad memories of the European debt crisis. And I'm not saying that there's anything like that right now. But, you know, we watch it. And it certainly has been a point of nervousness for the markets here.

10AM Hour: UBS CEO on U.S. Growth, Russia Plague Risks, Nuclear Power Deal 10/6/26

Read the full transcript

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

10AM Hour: UBS CEO on U.S. Growth, Russia Plague Risks, Nuclear Power Deal 10/6/26

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.