10AM Hour: Contrarian Rate Call, Accenture CEO, Street Reaction to Micron Results 10/1/26
Squawk on the Street
- Published
- October 1, 2026
- Duration
- 42:48
- Summary source
- description
- Last updated
- Oct 1, 2026
Discusses anthropic, investing.
Summary
Citi’s Scott Chronert joins Squawk on the Street to explain why the Fed’s next move may not be another rate hike. Plus, Accenture CEO Julie Sweet gives her first reaction to strong earnings and discusses the company’s new AI safety partnership with Anthropic. And tech analyst Ben Reitzes breaks down Micron results as the stock falls following earnings.Squ…
Squawk on the Street tackles Q4's opening with surging bond yields, blockbuster jobless claims, Accenture's best day ever, Micron's AI memory boom, Caitlin Clark's Nike launch, and Fed officials signaling more hikes ahead.
Key takeaways
- Labor market remains resilient with jobless claims hitting 197,000—the lowest since July—and planned job cuts down nearly 40% year-to-date, even as AI is cited as the leading year-to-date reason employers give for workforce reductions.
- Accenture beat top and bottom lines with 7% growth across all regions and $85B in new business, positioning AI integration services—not displacement—as a structural revenue driver, with its AI/data workforce growing to 110,000 professionals.
- Bond market dynamics reflect a structural repricing toward a higher neutral rate and fewer future cuts rather than near-term inflation fears alone, with the gap between market rate expectations and the Fed's own projections at a historic high according to Minneapolis Fed President Kashkari.
Why this matters
For B2B leaders, the convergence of a still-tight labor market, rising long-end yields signaling durable growth, and Accenture's blowout results confirms that enterprise AI adoption is accelerating real revenue transformation—not just cost-cutting—making AI integration strategy a board-level competitive imperative.
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10AM Hour: Contrarian Rate Call, Accenture CEO, Street Reaction to Micron Results 10/1/26
Squawk on the Street
October 1, 2026
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Show notes
Citi’s Scott Chronert joins Squawk on the Street to explain why the Fed’s next move may not be another rate hike. Plus, Accenture CEO Julie Sweet gives her first reaction to strong earnings and discusses the company’s new AI safety partnership with Anthropic. And tech analyst Ben Reitzes breaks down Micron results as the stock falls following earnings.Squawk on the Street Disclaimer Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of pers
Themes
- anthropic
- investing