Summary

Former Tesla President Jon McNeill joins to discuss a new report that Tesla will soon unveil a design for a flying roadster. Then, we bring you OpenAI President Greg Brockman's first comments on the recent executive departures from the company. Plus, we take a look at how new AI technology is now used in boating. Squawk on the Street Disclaimer Hosted by …

Key takeaways

• Energy markets face historic stress as diesel crack spreads exceed $100/barrel, Hormuz disruptions persist, and the Strategic Petroleum Reserve falls below 300 million barrels—with Brent crude likely to breach $100 on a daily print by year-end.
• Chip stocks are lagging the broader S&P 500 recovery, a historically bearish divergence that strategists warn could signal a broader market top, especially as long-end yields remain stubbornly elevated due to sovereign debt concerns.
• Tesla and SpaceX integration is accelerating—a flying roadster reveal is imminent, and the convergence of Tesla's autonomy AI with SpaceX's Terrafab chip infrastructure makes a formal merger increasingly likely, driven in part by Musk's trillion-dollar compensation thresholds.

Why this matters

For B2B professionals and institutional investors, the confluence of a depleted SPR, rising diesel crack spreads, China re-entering crude markets, and sticky long-end yields driven by sovereign debt risk represents a multi-vector macro shock that could rapidly reprice energy, credit, and equity risk across portfolios.

Entities

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Show notes

Former Tesla President Jon McNeill joins to discuss a new report that Tesla will soon unveil a design for a flying roadster. Then, we bring you OpenAI President Greg Brockman's first comments on the recent executive departures from the company. Plus, we take a look at how new AI technology is now used in boating. Squawk on the Street Disclaimer Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Themes

• openai
• investing