Market Open: Stocks Up, August CPI As Expected, Oil Slips • 9/11/26

Watch on YouTube ↗  |  September 11, 2026 at 14:30  |  3:42  |  CNBC
Speakers
Rick Santelli — On-Air Editor, CNBC Business News
Jessica Ettinger — Anchor, CNBC
Steve Liesman — Senior Economics Reporter

Summary

The video is a CNBC business news update on September 11, 2026. Stocks opened higher after four down days, but major averages were still on pace for a losing week. August CPI headline matched expectations while core came in hotter, driving Treasury yields higher and keeping a Fed rate hike next week in focus. Oil slipped despite Middle East supply risks, diesel hit a record high, and Oracle jumped on strong AI-cloud revenue growth.

  • Wall Street opened higher after four consecutive down days.
  • August CPI headline was in line, but core inflation was hotter than expected.
  • 10-year Treasury yield rose, with the market watching the 5% level.
  • Market implies a high probability of a Fed rate hike next week.
  • Oil slipped even as Middle East tensions threatened a Red Sea choke point.
  • Diesel hit an all-time high national average of $6 per gallon.
  • Oracle shares jumped on 30% revenue growth and AI cloud demand.
  • Major U.S. averages remained on pace for a losing week.
Ideas
Rick Santelli On-Air Editor, CNBC Business News 1:20
Hot CPI pushes 10-year yield toward 5%.
August CPI came in hot, especially core, pushing Treasury yields higher; the 10-year yield is around 4.62% and the market is watching whether it can reach 5%, a level it has not closed above in 19 years. He cautions that some of the move is tied to oil, which is down today.
10-Year Treasury Yield HIGH
Jessica Ettinger Anchor, CNBC 2:37
Middle East risk threatens oil choke point.
US crude oil is around $99 per barrel, down from $101, but traders are watching fresh Middle East violence as Iran-backed Houthis advanced to a key Red Sea island, further threatening a crucial oil choke point.
USO MED
Jessica Ettinger Anchor, CNBC 3:01
Record diesel prices fuel broad inflation.
Diesel is at an all-time high national average of $6 per gallon; because it powers trucks, trains, ships, and agriculture equipment, its price increases can trickle through the entire economy and fuel inflation.
DIESEL MED
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This CNBC video, published September 11, 2026, features Rick Santelli, Jessica Ettinger discussing 10-Year Treasury Yield, USO, DIESEL. 3 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Rick Santelli, Jessica Ettinger  · Tickers: 10-Year Treasury Yield, USO, DIESEL