Squawk on the Street
10AM Hour: Stocks Pull Back from Records, SpaceX Raising Money to Buy Nvidia Chips, New McKinsey Report on Job Impact from AI 10/7/26
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Show notes
Stocks pull back from record highs as the 10-year Treasury yield hits its highest level since 2002. Market strategist Rebecca Patterson joins Squawk on the Street to discuss the growing risks from higher rates. Plus, SpaceX comes under pressure on a report it could raise tens of billions of dollars in debt to buy Nvidia chips. And a new McKinsey report warns AI could force millions of workers to find new jobs over the coming decade.
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