Squawk on the Street
10AM Hour: Stocks Dive as Oil Spikes, Reaction to Meta and Tesla Results, IBM CEO on Demand 10/22/26
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Stocks come under pressure as renewed Middle East tensions push oil higher and concerns over AI spending weigh on tech. On today’s Squawk on the Street, we break down earnings from Meta and Tesla, including Meta’s new share structure, speculation around a potential Tesla-SpaceX merger, and the latest on AI capital spending. Plus, IBM CEO Arvind Krishna explains why he believes the company’s business remains resilient despite growing concerns about demand destruction.
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