11AM Hour: Former Goldman Sachs CEO Lloyd Blankfein, AI Concerns Ramp Up & Diesel Prices at Record Highs 9/11/26
Squawk on the Street
- Published
- September 11, 2026
- Duration
- 42:47
- Summary source
- description
- Last updated
- Sep 11, 2026
Discusses openai, investing.
Summary
Former Goldman Sachs CEO Lloyd Blankfein remembers 9/11 on the 25th anniversary today. Then, we discuss what's driving diesel prices to record highs. Plus, we speak to Former OpenAI Researcher Daniel Kokotajlo as concerns around AI ramp up this week.Squawk on the Street Disclaimer Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for informati…
On the 25th anniversary of 9/11, Lloyd Blankfein shares his firsthand account, while markets rally on hot CPI data, Fed rate hike odds hit 85%, diesel tops $6, and a former OpenAI researcher warns of existential AI risks.
Key takeaways
- CPI came in at 0.3% (rounding up from 0.26%), pushing Fed rate hike probability to ~85% for the next meeting, with a second hike now at 73% odds by year-end—driven by persistent core services inflation and rising energy prices.
- Lloyd Blankfein warns that AI investment concentration mirrors pre-2008 mortgage risk: nearly all asset classes are now correlated to AI revenue success, creating an uncapped systemic exposure that warrants portfolio-level risk limits.
- Former OpenAI governance researcher Daniel Cocatello argues AI labs are on a near-term path (1–3 years) to autonomous, self-improving AI systems, calling for transparent regulatory frameworks and international coordination before recursive self-improvement becomes uncontrollable.
Why this matters
For B2B investors and executives, the convergence of sticky inflation forcing Fed tightening, record diesel prices cascading through supply chains, and concentrated AI-correlated portfolio risk signals a macro environment where traditional diversification assumptions and sector correlations must be urgently reassessed.
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11AM Hour: Former Goldman Sachs CEO Lloyd Blankfein, AI Concerns Ramp Up & Diesel Prices at Record Highs 9/11/26
Squawk on the Street
September 11, 2026
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Show notes
Former Goldman Sachs CEO Lloyd Blankfein remembers 9/11 on the 25th anniversary today. Then, we discuss what's driving diesel prices to record highs. Plus, we speak to Former OpenAI Researcher Daniel Kokotajlo as concerns around AI ramp up this week.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