Squawk Pod: Nvidia’s blowout & an E-shaped economy - 08/27/26 | Audio Only

Watch on YouTube ↗  |  August 27, 2026 at 17:10  |  37:42  |  CNBC
Speakers
Kristina Partsinevelos — Markets Reporter, CNBC
Dave McCormick — Senator
Jason Wynn — CEO, Chase Travel

Summary

The episode covers Nvidia's blowout quarter and strong guidance, with CNBC's Kristina Partsinevelos arguing the stock remains undervalued as demand broadens beyond the hyperscalers. Senator Dave McCormick discusses Iran sanctions, China's economic weakness, and fundamental upward pressure on U.S. Treasury yields. Chase Travel CEO Jason Wynn highlights resilient travel demand across income brackets and persistent airline pricing.

  • Nvidia reported strong results and guidance, sending shares higher as analysts re-rate estimates.
  • Kristina Partsinevelos says Nvidia's customer base is diversifying beyond Amazon, Google, Microsoft and Meta.
  • Senator Dave McCormick argues Iran sanctions are working and the war adds pressure on China's weak economy.
  • McCormick sees deficits, strong nominal growth and hyperscaler debt issuance pressuring U.S. Treasury yields.
  • Chase Travel's Jason Wynn reports Labor Day bookings up 17% despite high hotel and airfares.
  • Wynn describes an 'E-shaped economy' where all income brackets travel equally well.
Ideas
Kristina Partsinevelos Markets Reporter, CNBC 2:12
Nvidia demand broad, valuation still undemanding.
Nvidia reported a blowout quarter and gave strong guidance. The demand story is broadening beyond Amazon, Google, Microsoft and Meta to AI startups, enterprises, governments and sovereign customers. Analysts are re-rating the stock and raising estimates after Nvidia guided to about 70% revenue growth for fiscal 2028. The shares are not overvalued relative to peers such as Marvell and AMD on forward P/E and are actually undervalued, with price hikes expected to restore margins.
NVDA HIGH
Dave McCormick Senator 16:39
China economy weak, Iran war burdens.
China's economy is already weak, and the war with Iran is an added burden because China depends heavily on Strait of Hormuz oil and natural gas flows, while also benefiting from Iranian oil. The conflict creates further economic headwinds for China.
FXI MED
Dave McCormick Senator 25:31
Deficits and strong growth pressure Treasury yields.
Interest rates and the long end of the Treasury curve are being driven by fundamental pressures: strong nominal growth, growing U.S. deficits and roughly $40 trillion in debt, and hyperscaler debt issuance that is drawing demand away from Treasuries. He agrees with Druckenmiller that Washington cannot let itself off the hook, implying upward pressure on long-end Treasury yields.
Long-End U.S. Treasuries MED
Jason Wynn CEO, Chase Travel 31:27
Travel demand strong, airlines keep pricing.
Travel demand remains resilient across income brackets despite elevated prices: Labor Day bookings are up 17%, average hotel rates are over $500 and average airfares are over $1,000, near double-digit increases year over year. Airfares are up over 20% and are expected to stay high even if fuel prices fall, helping airlines such as United recoup fuel costs and supporting airline and hotel pricing.
UAL U.S. hotels JETS HIGH
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This CNBC video, published August 27, 2026, features Kristina Partsinevelos, Dave McCormick, Jason Wynn discussing NVDA, FXI, Long-End U.S. Treasuries, UAL, U.S. hotels, JETS. 4 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Kristina Partsinevelos, Dave McCormick, Jason Wynn  · Tickers: NVDA, FXI, Long-End U.S. Treasuries, UAL, U.S. hotels, JETS