11AM Hour: CoreWeave & Tapestry CEOs on Earnings & Rick Caruso on Reopening Palisades Village 8/13/26

The episode begins with a discussion of positive market momentum, highlighting major indices reaching all-time high levels, with optimism around tech, caps, and the construction of a constructive market environment. Chief Market Strategist Drew Mattis analyzes the latest inflation indicators, retail sales, and bond market signals, emphasizing that consumer spending remains resilient despite mixed labor market data. The conversation explores the potential impact of productivity gains from AI and how they might sustain economic strength even with tightening financial conditions and a slowing labor market.

Apple is expanding its manufacturing footprint in the U.S., opening a new advanced production site in Texas focused on AI servers, Mac Minis, and other products. This move aligns with the global push for domestic manufacturing supported by U.S. incentives and tariffs adjustments. The discussion includes Apple's strategic position in AI hardware, its partnerships with AMD and AWS, and its plans for future product and licensing initiatives. Tim Cook's leadership and Apple's broader AI ambitions are also highlighted.

Cerebras Systems CEO Andrew Feldman discusses the company's mixed Q2 results, emphasizing strong guidance and significant growth in cloud and data center sectors. He explains their focus on disaggregated inference workloads and industry-leading chip performance, with plans to double performance annually. The conversation covers market dynamics in semiconductors, the role of standard-based interfaces for device integration, and future product roadmaps including exciting performance improvements.

CNBC's Katie Tarasa presents an inside look at SK Hynix’s $720 billion investment to build the world's largest network of memory fabrication facilities in South Korea. The project aims to produce high bandwidth memory critical for AI and GPU applications. The discussion highlights SK Hynix's strategic approach amidst a boom-and-bust industry, its comparison with U.S. chip investments, and the global race to secure memory supply chains. The company’s efforts to support the global AI and tech sectors are underscored.

Real estate developer Rick Caruso shares the challenging yet successful effort to reopen Palisades Village after $100 million in renovations following the LA wildfires. He emphasizes building with fire-resistant materials and creating a model for fire safety in LA. Caruso critiques local government responses to wildfire preparedness, discusses his decision not to run for mayor, and highlights the importance of private investment in revitalizing the city. He expresses optimism about LA’s future despite current challenges and underlines the importance of resilient community rebuilding.

Additional snippets include the earnings reports of Tapestry and Cisco, with insights into their strategies for growth and brand positioning amid economic uncertainties. The episode wraps with a focus on the importance of innovation, brand storytelling, and strategic investments in sustaining long-term growth in competitive markets.