Carl Quintanilla, Leslie Picker and Michael Santoli delved into the stock market&#x27;s moves with Treasury yields above 5%. A live report from the White House one day after President Trump&#x27;s state dinner for Chinese President Xi: Jensen Huang and Elon Musk were among the tech titans in attendance. The anchors reacted to what Huang said on Ezra Klein&#x27;s podcast about shutting down AI labs. Also in focus: A follow-up on Oracle declaring a &quot;force majeure&quot; on a New Mexico data center project; Meta&#x27;s &quot;Muse&quot; rally and $2 trillion valuation watch; Akamai surges on Anthropic cloud deal; Microsoft revamps its Copilot app by adding AI tools; Another downgrade for Nike; Costco earnings reaction, oil prices fall on developments surrounding the Iran conflict.<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: 5% Yields Watch; Tech Titans at Trump-Xi Dinner; Oracle's Data Center "Force" 9/25/26

Squawk on the Street

[SPEAKER_03] Market Insight and Analysis. You're listening to the opening bell of CNBC's Squawk on the Street.

[SPEAKER_04] Good Friday morning. Welcome to Squawk on the Street. I'm Carl Quintanillo with Leslie Picker. Mike Santoli here at Post 9 of the New York Stock Exchange. Kramer and Faber have the morning off. S&P looking to lock in some gains for the week as Iran offers the U.S. a potential diplomatic off-ramp. Oil backs off, Brent below 105. Yields softened two after the long bond hit five and a half last night and the 10 got to 522. Tons of Fed speak today. We just got Durables, U-Mission an hour.

[SPEAKER_04] Our roadmap begins with the easing of that global bond sell-off, providing some relief ahead of the open. But the Dow does remain on track for four straight losing weeks.

[SPEAKER_06] Plus, President Trump wrapping up a summit with China's President Xi Jinping. But did the nations achieve much substance from the historic state visit?

[SPEAKER_02] And from a laggard to a leader, we're watching Meta today as its muse-fueled rally send shares near all-time highs. Let's begin with the markets,

[SPEAKER_04] wrapping up what's been quite a week when it comes to yields. We mentioned some of the levels we got to late yesterday. Mike, I think the 30-year fixed got to 745. Yes. But a lot of the discussions about the speed of the move, not even over a year,

[SPEAKER_02] kind of over five years on the 10. Oh, yeah. Over five years. I mean, obviously, we had this range that was in place. We blasted above it. And so there's been an acceleration. You could see it in the move index, the VIX for treasuries, which really has curled upward in a vertical way.

9AM HOUR: 5% Yields Watch; Tech Titans at Trump-Xi Dinner; Oracle's Data Center "Force" 9/25/26

Read the full transcript

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

9AM HOUR: 5% Yields Watch; Tech Titans at Trump-Xi Dinner; Oracle's Data Center "Force" 9/25/26

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.