Goldman Sachs Asset Management Co-Head of Private Credit James Reynolds joins with his outlook for the private credit space and where he&#x27;s finding opportunity right now. Then, we speak to Randy Mastro, the lawyer representing a group of New York City homeowners suing over the rollout of Mayor Mamdani&#x27;s pied-à-terre tax. Plus, we bring you the details of Intel&#x27;s new $15 billion stock offering and Meta&#x27;s new AI model.<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.

11AM Hour: Goldman's Private Credit Outlook, Lawyer for Pied-à-Terre Tax Lawsuit & Intel's New Stock Offering 8/10/26

Squawk on the Street

[SPEAKER_03] Good Monday morning again. Welcome to Squawk on the Street. I'm Sarah Eisen with David Faber, live from Post 9 at the New York Stock Exchange. Today, the state of the AI trade. Intel plans a $15 billion stock offering as demand accelerates. Meta launching a new open source AI model and Senator Bernie Sanders delivering a message to AI CEOs calling on them to, quote, stop building machines that humans cannot control.

[SPEAKER_11] Plus some warning signs flashing in the private credit sector. Here, loan default rates for some of the sector's biggest funds hitting what is seemingly the highest level they've had in five years. We'll discuss the health of that market with Goldman Sachs' Asset Management's global co-head of private credit, James Reynolds.

[SPEAKER_03] And the fight over New York City's new pied-à-terre tax. Heading to court today, we're joined by the lead attorney for a group of homeowners suing Mayor Eric Adams, arguing they've been improperly targeted. First off, though, in the markets, we are higher, just barely, in the S&P 500. Those started the morning lower. Keep in mind, we're coming off of record highs for the S&P 500. The pockets of strength today are in energy.

[SPEAKER_03] Oil prices are elevated on, you know, some tough talk between the U.S. and Iran over opening the Strait of Hormuz. Healthcare stocks are doing well, communication services, industrial. So you do have a mix of the cyclicals, but tech is lagging. That's why the NASDAQ is down a quarter of 1%. We'll get some key economic data later this week, like inflation, the big CPI report on Wednesday, and then retail sales on Friday as we near the end of the earnings season, which for the most part has been pretty strong.

11AM Hour: Goldman's Private Credit Outlook, Lawyer for Pied-à-Terre Tax Lawsuit & Intel's New Stock Offering 8/10/26

Read the full transcript

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

11AM Hour: Goldman's Private Credit Outlook, Lawyer for Pied-à-Terre Tax Lawsuit & Intel's New Stock Offering 8/10/26

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.