Squawk Pod: The Hantavirus risk with Dr. Scott Gottlieb - 05/11/26 | Audio Only
Speakers
Ed Yardeni
— President, Yardeni Research
Scott Gottlieb
— Former FDA Commissioner; Board Member (Pfizer, Illumina, UnitedHealth); Partner at NEA (Venture Capital)
Summary
The episode covers the hantavirus outbreak from a cruise ship, with Dr. Scott Gottlieb discussing risks and containment. It also reports on Iran war negotiations, oil prices above $100, and President Trump's visit to China. Ed Yardeni provides a bullish outlook on the S&P 500, raising his target to 8,250 based on strong earnings and productivity.
- Hantavirus patients evacuated to Nebraska; Dr. Gottlieb assesses low risk of wider outbreak.
- Oil prices rise above $100 as Iran rejects US peace proposal and Strait of Hormuz remains closed.
- President Trump heads to Beijing for summit with Xi Jinping, focusing on Iran and trade.
- Ed Yardeni raises S&P 500 target to 8,250, citing robust earnings and productivity gains.
- Discussion on AI's impact on jobs and productivity, with examples from radiology and software coding.
- Hosts comment on market resilience despite geopolitical tensions and high oil prices.
- Dr. Gottlieb discusses FDA turmoil and the potential departure of Commissioner Marty Makary.
Trade Ideas
S&P 500 to 8,250, bullish.
US stocks (S&P 500) are poised to continue rising due to strong earnings growth, productivity gains from AI, consumer resilience, deregulation, and the 'big beautiful bill' stimulus. Ed Yardeni raised his S&P 500 target to 8,250, having been bullish but not bullish enough, citing gangbuster first-quarter earnings, rising estimates, and a resilient economy without a wage-price spiral despite higher oil prices.
Up Next
This CNBC video, published May 11, 2026, features Ed Yardeni discussing SPY. 1 trade idea extracted by AI with direction and confidence scoring.
Speakers: Ed Yardeni · Tickers: SPY