Summary

The President speaks at the Pentagon Memorial as the country remembers the 25th anniversary of 9/11. Then we're joined now by Frank Bisignano who served as chief administrative officer at Citigroup in lower Manhattan at the time of the attacks, helped reopen the New York Stock Exchange, and is a founding member of the 9/11 memorial and museum. And later i…

Key takeaways

• August CPI came in at 3.4% year-over-year with core CPI rising 0.3% month-over-month (hottest since April), pushing Fed rate hike odds for September above 90% and strengthening the hawkish case despite energy being a primary driver.
• Oracle reported accelerating revenue growth, stood up nearly a gigawatt of AI compute capacity in a single quarter, raised earnings guidance, and completed a $20B at-the-market equity issuance—signaling robust enterprise AI infrastructure demand with strong customer prepayments reducing net capex burden.
• Leopold Aschenbrenner's Situational Awareness fund has returned to public markets, purchasing hundreds of millions in call options on familiar AI-linked names, suggesting renewed conviction in the AI trade despite the fund's significant July losses.

Why this matters

For B2B investors and enterprise decision-makers, the convergence of sticky inflation data, surging AI infrastructure demand validated by Oracle's results, and the return of high-conviction AI-focused capital signals that the AI infrastructure buildout remains a durable, supply-constrained investment theme even as macroeconomic headwinds from monetary policy tightening persist.

Entities

Related reports

• 9AM HOUR: Remembering 9/11 25 Years Later, Inflation Watch, Oracle's AI-Fueled Rally 9/11/26

  Squawk on the Street

Show notes

The President speaks at the Pentagon Memorial as the country remembers the 25th anniversary of 9/11. Then we're joined now by Frank Bisignano who served as chief administrative officer at Citigroup in lower Manhattan at the time of the attacks, helped reopen the New York Stock Exchange, and is a founding member of the 9/11 memorial and museum. And later in the hour… a look at the move in Oracle, reversing early gains after earnings. Plus, new reporting on Situational Awareness’ Leopold Aschenbre

Themes

• investing