Market Trend & Regulatory Landscape - Cannabis stocks are soaring on reports of potential marijuana reclassification by the president [1] - The president is considering reclassifying marijuana from Schedule I (on par with heroin) to Schedule III (similar to Tylenol with codeine) [2] - An executive order advising the DOJ and DEA to move forward with reclassification could be issued as soon as Monday [2] - The DOJ and DEA will publish a final rule, followed by a 30-day waiting period for challenges, after the executive order [4] - Opposition exists, as evidenced by the recent hemp ban in the government spending bill, which could lead to litigation and further delays [4] - Reclassification is not legalization, but a partial victory that opens the door to medical research [5][6] Industry Insights & Company Strategy - Tilray's CEO is optimistic about change by the end of the year, despite past false starts [3] - The industry hopes for broader federal legalization to open up recreational use products [8] - Amplifying medical use is a key avenue, with potential support from figures like Secretary RFK Jr [7][8] - Reclassification has major implications for health regulators, retailers, investors, and banks [5]

My question is about 10 years ago my 17-year-old son said buy Nvidia and uh we bought it but unfortunately we sold it before it went parabolic. So what's the next Nvidia. >> Well congratulate your son.He's 27 now. Well done by him. Steve Graasso you're really the guy on the floor. You're the guy that's in and out of trades.What's your thoughts on this. >> Yeah. So if you if you look back at Nvidia when it was a gaming stock that was the easy money but you didn't know it was the easy money.And then when you ...

We have a tremendous industry where we're leading by a lot. It's the AI, artificial intelligence. I always thought it should be SI, supreme intelligence, but I guess somewhere along the line they decided on the word artificial, and that's okay with me.That's up to them. It's a massive industry. Uh we're leading China. We're leading everybody by a tremendous amount.We're uh the electricity is being built by them in every plant. They're building the electricity. We're getting them rapid approvals, but they're ...

Regional Banks Outlook - Regional banks have suffered from market share loss and direct lending to non-banks [2] - Federal agencies pulled back the leverage limit standard, which is expected to be good news for loan growth for regional banks [2][3] - A steepening yield curve could further benefit regional banks [3][11] - Expectation that regional banks may start to join money center banks in terms of rally in 2026 [4] - The removal of leverage lending limits could be a factor for regional banks' direct lending to catch up next year [10] Money Center Banks Performance - Capital markets are expected to impress even more in 2026, with some gains already priced into the stocks [5] - Continued deregulation is anticipated for money center banks [6] - Money center banks have seen outperformance in loan growth due to indirect lending or non-depository financial institution lending [9] - Consumer strength has translated into credit card growth, benefiting money center banks [9][10] Bank of America Recommendation - Bank of America is favored, as it has underperformed other money center banks by 250 basis points since its investor day [7] - Bank of America offers capital markets activity, margin expansion, and buybacks at a cheaper valuation [7][8]

Our next guest sees lots of tailwinds for PE going into 2026. Joining us here at Post 9 with her private markets outlook is Anastasia Amaroso, managing director and chief investment strategist for private wealth and retirement at Partners Group. Welcome back.Good to have you. Good morning. So, why do you think the tide turns for 26. >> I mean, I think the tide has already turned.Clearly, it's not being reflected in the stock prices, but if you look at private markets activity across the board has picked up ...

Driver Capacity & Regulations - The Department of Transportation (DOT) has taken 9,500 truck drivers, representing approximately 1% of US truckers, off the road due to failing English proficiency tests [1] - The DOT is investigating truck driving schools, having removed 3,000 schools from its training registry and put another 4,500 on notice for non-compliance [2] Market Impact & Rates - Bank of America suggests that reducing driver capacity by 1% to 2% could significantly impact rates [2] - The American Trucking Association believes capacity tightening with demand will be extraordinary for the industry [3] - Trucking rates show a 5% year-over-year increase, potentially signaling a recovery from a three-year freight recession [4] Industry Outlook - Industry anticipates that the Secretary's focus on cleaning up the industry will be a significant driver, making roads safer and the industry more competitive and profitable [3]

Let's bring in Missouo senior semiconductors analyst BJ Rakesh. He has a buy rating on Broadcom, maintains it post earnings, raising his price target from 435 to 450. So what what was the problem here with what was said on the call do you think VJ.>> Yeah, thanks for having me on Sara. So uh for Broadcom really um the focus was on their backlog being a little bit you know not as high as people were expecting but also some of the anthropic orders uh on the rack side were carrying lower margins. uh and so tha ...

Our next guest says, "Buy high and sell low." The opposite of the old Wall Street outage. Adam Parker, founder and CEO of Trivari Research, joins us this morning for Think from the Road. Adam, good to see you.>> Hey, Carl. Hey, Sarah. How are you.>> All right, so explain that one to us. >> You know, valuation really doesn't work from picking stocks. We've seen that.You can't buy super cheap stocks. And we know that you also can't uh buy stocks that are down from 52- week highs. They they underperform.So the ...

Joining us here at Post Chipotle CEO Scott Boltray he is fresh from ringing the opening bell here at the big word. Scott I see your ads in the NFL of course and you do this you know build your own and that is the first time where I think that you are offering a real price break for people. Are people taking you up on it.>> They are. We're pleasantly surprised by how it's performed. Although we still have very low awareness on build your own Chipotle.We know that consumer there's there's an opportunity in gr ...

YOUR PODCASTS. >> WELCOME BACK TO SQUAWK BOX PRESIDENT TRUMP SIGNING AN EXECUTIVE ORDER, ISSUING A REGULATORY FRAMEWORK FOR ARTIFICIAL INTELLIGENCE AT THE FEDERAL LEVEL. >> WE WANT TO HAVE ONE CENTRAL SOURCE OF APPROVAL.SPOKE TO ALL OF THE THE BIG COMPANIES, GREAT COMPANIES, AND THEY WON'T BE ABLE TO DO THIS. THIS WILL NOT BE SUCCESSFUL UNLESS THEY HAVE ONE SOURCE OF APPROVAL OR DISAPPROVAL. FRANKLY, YOU CAN HAVE DISAPPROVAL TOO, BUT IT'S GOT TO BE ONE SOURCE.THEY CAN'T GO TO 50 DIFFERENT SOURCES. >> AND JO ...