Former NEC Director Gary Cohn joins with his reaction to Fed Chairman Warsh&#x27;s testimony and shares his outlook for the economy at large. Then, we break down why Apple shares are jumping today. Plus, we bring you the details of Morgan Stanley&#x27;s latest earnings report.<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: Former NEC Director Gary Cohn, Apple Shares Jump & Morgan Stanley Earnings 7/15/26

Squawk on the Street

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[SPEAKER_13] I'm watching some of these markets. Stocks mostly higher, but some pronounced weakness in semiconductors. The SMH down almost 3% this morning. Dell's down a number of chip names like Sandisk, Western Dig, Micron. Our senior markets commentator, Mike Santoli, is here to maybe take a crack at the spread between what the SMH is doing and the overall mass.

[SPEAKER_12] Yeah, I mean, I think the riptide warnings are out on the beach again and you have a 3.5% drop in the S&P 500 with the majority of stocks higher. There's been this unprecedented run of days when either the headline indexes or semis are up and the majority of stocks are down and vice versa. So what it does tell you is treacherous rotation day by day kind of confidence check on the AI hardware food chain.

11AM Hour: Former NEC Director Gary Cohn, Apple Shares Jump & Morgan Stanley Earnings 7/15/26

Read the full transcript

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

11AM Hour: Former NEC Director Gary Cohn, Apple Shares Jump & Morgan Stanley Earnings 7/15/26

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.