Summary

Brookfield CEO Bruce Flatt joins Squawk on the Street after the company announced plans to help develop a $100 billion AI data center campus in Kentucky, discussing the next phase of infrastructure investment powering artificial intelligence. Plus, markets react as the U.S. intervenes in the Japanese yen, and we break down a Financial Times report that As…

Key takeaways

• The U.S. and Japan jointly intervened in currency markets to strengthen the yen, a rare coordinated move signaling the Trump administration's commitment to suppressing Treasury yields and supporting Japan's $550B U.S. investment pledge.
• Brookfield's $100B Paducah data center campus (with Nextera Energy) exemplifies the infrastructure-first AI bet: long-term leases to investment-grade hyperscalers de-risk capital, while nuclear—especially Westinghouse with 14 plants under construction—is emerging as the linchpin of AI power demand.
• ISM Manufacturing hit 55.6, its best reading since May 2022, with employment at 52.8 reversing nearly two years of contraction, setting up Friday's BLS jobs report as a critical macro catalyst.

Why this matters

The convergence of coordinated G7 currency intervention, record ISM manufacturing data, and hyperscale infrastructure commitments signals a structural shift in how governments and private capital are co-investing to secure AI dominance and industrial competitiveness.

Entities

Related reports

• 9am Hour: U.S.-Japan Yen Intervention, Stocks Rally As Oil Prices Slide, AstraZeneca-Bristol Myers M&A Buzz 8/3/26

  Squawk on the Street

• 10AM Hour: SEC Chair on IPO Market, D-Wave Quantum CEO on AT&T Partnership, What Oil Prices Signal for Stocks 7/27/26

  Squawk on the Street

• 11AM Hour: Outlook for Oil Prices, Taylor Morrison CEO on Housing Market & Lebron James Signs with Philadelphia 76ers 7/24/26

  Squawk on the Street

Show notes

Brookfield CEO Bruce Flatt joins Squawk on the Street after the company announced plans to help develop a $100 billion AI data center campus in Kentucky, discussing the next phase of infrastructure investment powering artificial intelligence. Plus, markets react as the U.S. intervenes in the Japanese yen, and we break down a Financial Times report that AstraZeneca and Bristol Myers have discussed a potential mega-merger and what it could mean for the pharmaceutical industry. Squawk on the Street

Themes

• artificial-intelligence
• investing