Market Open: Stocks Fall, Oil Spikes, Copper Hits Record High • 9/8/26

Watch on YouTube ↗  |  September 08, 2026 at 14:38  |  3:57  |  CNBC
Speakers
Jessica Edinger — Anchor
Jeff Currie — CSO Energy Pathways, Carlyle Group
Becky Quick — Co-Anchor, Squawk Box
Jim Cramer — Host, Mad Money
Kellyanne Shaw — Partner, Akin

Summary

CNBC's market open update covers a risk-off start to the holiday-shortened week, with stocks lower, WTI crude near $94 on Middle East hostilities, and copper at a record high. Jeff Curry argues diesel costs will push commodities and metals broadly higher, while Becky Quick highlights a multi-year Verizon-Corning fiber deal tied to broadband and AI data centers. The report also touches on AI safety warnings, Canada tariffs, and AstraZeneca COPD trial wins.

  • Stocks open lower with Dow down 434, S&P 500 down 27, and Nasdaq down 106.
  • WTI crude climbs near $94, its highest since early June, amid Middle East hostilities.
  • Jeff Curry highlights copper's all-time high and expects diesel-driven cost pressure across metals, mining, and agriculture.
  • Becky Quick reports a multi-billion-dollar Verizon-Corning optical fiber agreement through 2032.
  • Jim Cramer cautions AI agents need guardrails and trust remains limited.
  • Canada's retaliatory tariffs begin; Akin partner Kellyanne Shaw sees muted U.S. economic impact.
  • AstraZeneca's COPD drug posts two late-stage trial wins with blockbuster hopes.
  • Sony's Spider-Man tops the box office for a sixth straight week.
Ideas
Jessica Edinger Anchor 0:11
Middle East hostilities push WTI higher.
Middle East hostilities are driving oil prices higher, with U.S. West Texas Intermediate crude rising close to $94 a barrel, its highest since early June, and record-high Labor Day gasoline prices reflecting elevated energy costs.
WTI MED
Jeff Currie CSO Energy Pathways, Carlyle Group 0:59
Diesel costs push commodities broadly higher.
Copper's all-time high is important for the broader commodity and macroeconomic outlook because diesel is a critical input for many non-energy commodities; that cost pressure is likely to spread across the metals complex, mining, and agriculture.
COPPER XLB DBA HIGH
Becky Quick Co-Anchor, Squawk Box 2:09
Fiber deal supports Verizon and Corning.
Verizon and Corning signed a multi-year, multi-billion dollar agreement for more than 80 million miles of high-density optical fiber, which could expand Verizon's broadband footprint and help build AI data-center connectivity for hyperscalers through 2032.
VZ GLW MED
Jessica Edinger Anchor 3:27
COPD trial wins boost AstraZeneca.
AstraZeneca's experimental COPD drug scored two late-stage trial wins, and the company is hoping the chronic obstructive pulmonary disease treatment could become a blockbuster.
AZN MED
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This CNBC video, published September 08, 2026, features Jessica Edinger, Jeff Currie, Becky Quick discussing WTI, COPPER, XLB, DBA, VZ, GLW, AZN. 4 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Jessica Edinger, Jeff Currie, Becky Quick  · Tickers: WTI, COPPER, XLB, DBA, VZ, GLW, AZN