Squawk on the Street 9am Hour: Exclusive: BlackRock’s Larry Fink, CPI Runs Hot, BofA’s $1.2B Fine 10/14/26
11 snips
Oct 14, 2026 
Larry Fink, co-founder and CEO of BlackRock, joins for a wide-ranging discussion on hot inflation, capital shortages, and surging AI infrastructure demand. He explores securitizing GPUs and compute capacity to broaden access to financing, the risks and promise of structured finance, rising Treasury yields, data-center investment, and AI’s potential to reshape the economy. The conversation also covers semiconductor markets, bank earnings, and consumer strain.
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SK Hynix Became The Market’s Tech Barometer
- Semiconductor fundamentals remained strong, but trading algorithms linked U.S. technology shares to South Korea’s SK Hynix.
- ASML’s strong results and demand visibility through 2030 were overshadowed when SK Hynix fell sharply.
Separate Technology Demand From Trading Noise
- Distinguish industry demand from short-term price action when evaluating technology stocks.
- Jim Cramer viewed Dell as a potential opportunity but advised against buying the entire position at once amid aggressive sector downgrades.
Deficits And AI Are Creating A Capital Squeeze
- Larry Fink identified a structural capital shortage as government deficits expand while private demand rises.
- Infrastructure, artificial intelligence, and retirement needs are competing for financing simultaneously.