Carl Quintanilla and Jim Cramer led off the show with the AI trade rebounding after the worst day for tech since August — the decline was sparked by reports of weaker-than-expected revenue at OpenAI. 
SpaceX shares rose after the company announced its spectrum deal to launch Starlink as a player in the mobile space. AT&T, Verizon and T-Mobile share tumbled on that news. Hear what Delta CEO Ed Bastian told CNBC about Elon Musk warning him he would "lose his job" for passing on Starlink wi-fi for the airline. Also in focus: Apple shares fall on a report involving demand for the iPhone 18 Pro; The possibility of Treasury yields hitting 6%; Humana soars on Medicare Advantage ratings; Flashback: What AT&T CEO John Stankey told David Faber about Starlink last month.

Squawk on the Street Disclaimer

10AM Hour: White House Opens New Lisa Cook Investigation, OpenAI’s Revenue Numbers Spook Market, Delta Cuts Outlook on Fuel Prices 10/9/26

CNBC’s “Squawk on the Street” with Carl Quintanilla, Jim Cramer, David Faber and Sara Eisen is broadcast from the floor of the New York Stock Exchange, on site at the opening bell with the up-to-the-minute news investors need to know and interviews with the most influential CEOs and greatest market minds.