Market Midday: Stocks Slide, Bond Yields High, Oil Moves Higher • 9/1/26

Watch on YouTube ↗  |  September 01, 2026 at 16:49  |  3:55  |  CNBC
Speakers
Joe Terranova — Senior Managing Director, Virtus Investment Partners
Michael Bar — Federal Reserve Governor
Laura Martin — Senior Entertainment and Internet Analyst
Meghan O'Sullivan — Director, Belfer Center for Science and International Affairs
Jessica Ettinger — Anchor, CNBC
Scott Bessent — Treasury Secretary

Summary

CNBC's midday update reports stocks sliding to start September, with Joe Teranova describing a bearish sentiment setup after Nvidia and Marvell earnings failed to rally the market. The 10-year Treasury yield hits 4.78% as a Fed governor says he would support rate hikes if inflation does not ease. Apple faces AI talent challenges, Amazon is down on a states' lawsuit, and oil/gasoline are in focus as Trump meets refiners, with China leverage cited.

  • Major averages open September lower; Dow down 245, S&P 500 down 34, Nasdaq down 183.
  • Joe Teranova says disappointment from Nvidia and Marvell earnings has created bearish sentiment.
  • 10-year Treasury yield reaches 4.78%, highest since January 2025.
  • Fed Governor Michael Bar would support a rate increase if inflation does not ease.
  • Laura Martin says Apple has a structural disadvantage attracting top AI talent.
  • Amazon falls amid a 22-state lawsuit over advertising practices.
  • Novartis rises on positive multiple sclerosis trial results.
  • Megan O'Sullivan says China's global market impact will drive US oil and gasoline prices before midterms.
Ideas
Joe Terranova Senior Managing Director, Virtus Investment Partners 0:35
Post-earnings disappointment creates bearish September setup.
Joe Teranova sees the September equity market setup as defined by last week's disappointment that earnings from Nvidia and Marvell failed to provide a positive catalyst, leaving a significant amount of bearishness in sentiment.
SPY MED
Michael Bar Federal Reserve Governor 1:15
Hawkish Fed risk keeps Treasury yields elevated.
Fed Governor Michael Bar says he will support an interest rate increase if inflation does not ease, reinforcing the bond market's selloff that took the 10-year Treasury yield to 4.78%, its highest since January 2025.
TLT MED
Laura Martin Senior Entertainment and Internet Analyst 2:06
Apple struggles competing for scarce AI talent.
Laura Martin argues Apple is structurally disadvantaged in the war for high-end AI talent: Apple's cult-like culture lets it pay less, while top AI engineers can get more equity upside at Anthropic or OpenAI, and Apple AI talent has fortunes tied to the iPhone where they have minimal impact. That makes it tricky for Apple to compete in the hot AI talent market.
AAPL HIGH
Meghan O'Sullivan Director, Belfer Center for Science and International Affairs 3:20
China's global impact drives US oil prices.
Megan O'Sullivan says President Trump needs China to help lower US gas prices, because China has more leverage than commonly thought: its impact on global markets is what will affect the price of oil and the price at the pump before the November midterms.
WTI MED
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This CNBC video, published September 01, 2026, features Joe Terranova, Michael Bar, Laura Martin, Meghan O'Sullivan discussing SPY, TLT, AAPL, WTI. 4 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Joe Terranova, Michael Bar, Laura Martin, Meghan O'Sullivan  · Tickers: SPY, TLT, AAPL, WTI