Buzzberg Cup Live

Market Open: Stocks Higher; Trump Won't Sign Housing Bill, Delta Fares Up • 7/10/26

Watch on YouTube ↗  |  July 10, 2026 at 14:33  |  3:48  |  CNBC
Speakers
Ed Bastian — CEO of Delta Air Lines
Pippa Stevens — Markets and Energy Reporter, CNBC
Jessica Ettinger — Anchor, CNBC

Summary

CNBC's Jessica Ettinger reports on a modestly higher market led by Nvidia, Delta Air Lines' CEO saying higher airfares will stay, and Pipa Stevens explaining why refining stocks Valero and Marathon Petroleum are hitting records. Also covered are Trump's housing bill stance, SK Hynix ADRs, a Ryan Air accident, and a stamp price increase.

  • Stocks opened modestly higher with Nvidia up more than 2% as Iran jitters eased.
  • President Trump said he will not sign a housing bill, though it is set to become law anyway.
  • South Korean chipmaker SK Hynix began offering ADRs under ticker SKHYV, with tech investors expected to buy.
  • Delta Air Lines CEO Ed Bastian stated higher airfares will stay despite lower jet fuel prices, citing strong demand and on-track profit goals.
  • Ryan Air experienced an emergency landing in Greece after a window dislodged and a passenger was partially sucked out.
  • Refining stocks Valero and Marathon Petroleum hit record highs as gasoline/diesel futures jumped and cheap crude exited the Strait of Hormuz, with limited global spare refining capacity keeping fuel prices elevated.
  • The price of a first-class USPS stamp will rise four cents to 82 cents on Sunday.
Ideas
Ed Bastian CEO of Delta Air Lines 1:22
Strong demand keeps airfares high, boosting Delta.
Higher airfares will persist because demand for air travel is really strong, allowing Delta to offset a 75% surge in fuel costs. The company posted a $1.4 billion profit with 9% margins and estimates it captured over 60% of the industry's profits this quarter, putting its original 2026 profit goals within reach.
DAL HIGH
Pippa Stevens Markets and Energy Reporter, CNBC 3:05
Refiners benefit from tight capacity and cheap crude.
Refining stocks like Valero and Marathon Petroleum are hitting record highs because gasoline and diesel futures have jumped while crude oil prices fell after 13 million barrels of stranded crude exited the Strait of Hormuz. Limited global spare refining capacity keeps fuel prices elevated, directly benefiting refiners.
VLO MPC HIGH
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This CNBC video, published July 10, 2026, features Ed Bastian, Pippa Stevens discussing DAL, VLO, MPC. 2 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Ed Bastian, Pippa Stevens  · Tickers: DAL, VLO, MPC