
Oil trades lower even as Bessent promises ‘economic D-Day' announcement on Iran
One key is how any new U.S. sanctions might affect China, the No. 1 buyer of Iranian crude oil.
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One key is how any new U.S. sanctions might affect China, the No. 1 buyer of Iranian crude oil.

Kevin McGurn, Trump Media and Technology Group Interim CEO, joins 'Squawk Box' to discuss the growth of Truth Social, controversy around Truth API, and more.

Power Solutions International is rated Buy as Q2 2026 signals stabilization after a period of execution and capacity setbacks. Sequential revenue grew 19% and gross margin rebounded to 27.1%, with management guiding for stronger H2 2026 sales driven by data center demand. Valuation implies a 75% upside to $60–65/share using a conservative 15x P/E, as fundamentals improve and no cash burn is present.

The S&P 500 dropped almost 1.4% from its previous week's close to wrap up the trading week ending on Friday, 21 August 2026, at 7,678.76. The CME Group's FedWatch Tool projections of the expected future for how the Fed will set the Federal Funds Rate changed little in the past week.

Inflation expectations have been rising since Bessent announced the increase in the bond buyback program to "stabilize" long term yields, driving the nominal yields higher. If inflation expectations rise to 2.5%, and breech that key level, the Fed might be forced to aggressively hike, like in 2022.

India, tracked by the iShares MSCI India ETF, underperformed with a -8% return versus EEM's +35% over the past year. The 40+ percentage point performance gap signals investor avoidance, but the underlying reasons challenge surface-level assumptions.

Earl Davis, BMO Global Asset Management Fixed Income & Money Markets head, says using the Treasury General Account to fund expanded buybacks is not a significant worry for him. Davis says he would be a big buyer of 10-year bonds at 5%.

Aadil Zaman from Wall Street Alliance Group says that AI-led growth, not cutting spending, is the way to reducing the U.S.' growing budget deficit. Within the tech and AI space, he also suggests broad exposure to all areas rather than just focusing on the market leaders.

Jeremy Siegel, professor emeritus of finance at University of Pennsylvania's Wharton School of Business and WisdomTree chief economist, joins 'Squawk Box' to discuss the latest market trends, Treasury Department's debt buyback, what to expect from Fed Chairman Kevin Warsh at the Jackson Hole Economic Symposium this week, U.S.-Canada trade relations, and more.

US stock futures edged lower on Monday as Wall Street entered one of August's most consequential weeks, with Nvidia earnings, new sanctions on Iran and Federal Reserve Chair Kevin Warsh's Jackson Hole address all capable of resetting market sentiment. Nasdaq 100 futures fell about 0.6%, while S&P 500 futures slipped roughly 0.2% and Dow futures hovered around flat in early trading.

The U.S. prepares to unveil fresh sanctions on Iran, framing the measures as "economic D-Day" and warning Tehran's "enablers." The Secretary of Iran's Supreme National Security Council threatening to halt oil exports from the Gulf in response.

A humanoid robot has broken Usain Bolt's 100 meter dash record, completing the sprint in 9.39 seconds at the opening ceremony of the World Humanoid Robot Games in Beijing. CNBC's Steve Sedgwick and Ben Boulos debate the merits of the event, both as an entertainment spectacle and a showcase for emerging technology, and discuss the potential next developments of humanoid technology.

Current market strength is driven by unprecedented corporate earnings, with four consecutive quarters of 20%+ growth, despite macro headwinds like persistent inflation and rising bond yields. Structural inflation above 3% is likely to persist due to deglobalization and re-industrialization, making long-term bonds unattractive and favoring short-term bonds, commodities, and inflation hedges.

Federal Reserve Chairman Kevin Warsh's Jackson Hole speech will be closely watched for clues on the Fed's interest rate path, all while investors digest the impact of Treasury Secretary Scott Bessent moves to buy more long-dated Treasuries. CNBC's Ritika Gupta speaks with StoneX Group's Shriya Samarth and Aberdeen's Rebecca Maclean about how investors are positioning ahead of Warsh's keynote, and what they hope to hear from the Fed Chair.

A U.S. court has ordered Guardant Health to pay more than $245.2 million to TwinStrand Biosciences and the University of Washington after finding that the company infringed patents covering DNA sequencing technology, TwinStrand said on Monday.