Carl Quintanilla, David Faber and Sara Eisen led off the show with market reaction to positive comments by Vice President Vance about the U.S.-Iran negotiations. AI in the spotlight: Chevron announced it signed a 20-year agreement with Microsoft to provide power for the tech giant&#x27;s massive West Texas data center project. The anchors remembered the influential former Fed chairman Alan Greenspan, who died Monday at the age of 100. Also in focus: President Trump&#x27;s comments on Anthropic and national security, Microsoft CEO Satya Nadella&#x27;s message for companies leading the AI boom, SpaceX shares on track for a three-day losing streak, AbbVie agrees to buy immunology drugmaker Apogee Therapeutics for $10.9 billion in cash.<br><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.

9AM HOUR: U.S.-Iran Effect on Markets, Chevron-Microsoft AI Power Deal, Greenspan Dies at 100 6/22/26

Squawk on the Street

# Full Transcript

**Podcast:** Squawk on the Street

## Participants

- **Carl Quintanillo** (CNBC)
- **David Faber** (CNBC)
- **Sara Eisen** (CNBC)
- **Mike Santoli** (CNBC)
- **Robert Frank** (CNBC)

## Transcript

[SPEAKER_14] At Venture Global, we think about what can be done, not what's usually done. Through innovation, Venture Global is not only building some of the largest energy facilities in the world right here in the United States, but delivering American energy at a fraction of the cost and a fraction of the time. So while others are busy talking, we're busy building. That's Venture Global. That's unstoppable energy.

[SPEAKER_01] Trading at Schwab is now powered by Ameritrade, bringing you an expanding library of education with even more ways to sharpen your trading skills. Access new online courses, insightful webcasts, articles, engaging videos, and more. All curated just for traders. Plus, guided learning paths with content designed to fit your unique interests. And no sifting to find exactly what you need, so you can spend your time learning to trade brilliantly. Learn more at schwab.com slash trading.

[SPEAKER_04] Market insight and analysis. You're listening to the opening bell of CNBC's Squawk on the Street.

[SPEAKER_05] Good Monday morning. Welcome to Squawk on the Street. I'm Carl Quintanillo with David Faber. Sarah Eisen here at Post 9 of the New York Stock Exchange. Kramer has the morning off. Futures off the morning lows as the vice president in Switzerland says meetings with Iran and mediators over the weekend have made good progress. All three major indices coming off two consecutive weekly gains. Oil is backing off below 76, although the two-year yield almost at an 18-month high. Our roadmap this morning begins with stocks trying for a higher open on those positive Iran talks.

[SPEAKER_05] Investors gearing up for another busy week of earnings with Micron on Wednesday.

[SPEAKER_04] Plus, SpaceX trying to avoid what would be its third straight day of losses. The company also announcing its inaugural bond issuance. Some initiations of coverage on the stock. One says the company possesses significant disruptive growth avenues.

[SPEAKER_11] And a look back at the life and legacy of former Federal Reserve Chairman Alan Greenspan, who died today at the age of 100.

[SPEAKER_05] Let's begin, though, with the markets on track for a higher open after the holiday weekend. Got some constructive headlines regarding the talks in Switzerland after some tense meetings over the weekend. Some trash talk on both sides. More interesting, though, is some of the data about crossings through the strait. The tape says maybe six million barrels crossing on three U.S.-sanctioned tankers. And that is definitely getting reflected in oil. This notion that even if it's not, even if it is Iranian oil, it is making its way through the strait.

[SPEAKER_11] It was kind of a confusing weekend of headlines, I would say, because Iranian media was ...

9AM HOUR: U.S.-Iran Effect on Markets, Chevron-Microsoft AI Power Deal, Greenspan Dies at 100 6/22/26

Transcript

Built for investment professionals

Every day you wait, your competitors are finding
edge in conversations you're not hearing.

9AM HOUR: U.S.-Iran Effect on Markets, Chevron-Microsoft AI Power Deal, Greenspan Dies at 100 6/22/26

Transcript

Built for investment professionals

Every day you wait, your competitors are findingedge in conversations you're not hearing.

Every day you wait, your competitors are finding
edge in conversations you're not hearing.