Market Open: Stocks Fall, Oil Spikes, Copper Hits Record High • 9/8/26

0:00The SanBC Business News Update Market. Open. I'm Jessica Ettinger, Wall Street and the red to start this holiday, shortened week. Oil prices are climbing on the new mid-east hostilities. Bond yields were ticking higher this morning. The Dow downed 434.8 percent. The S&P 500 index is down 27 points. The NASDAQ falling 106 points. Most of the chipmaker names are in the green. The US-KRU down in in India. Each down. US-KRU WTIA-WESTERS INTERMEDIAT RISING VERY CLOSED TO 94 DOLLARS A BRILD this morning. IT'S HIGHest SENSORERALLY June. Right around the failed memorandum of understanding between the US and Iran. American drivers paid record high prices at the pump for labor day. Triple A says today consumers are paying $4.15 for a gallon of regular on-average nationwide, and something else. on the holiday. We had copper

1:00hitting an all-time high last night. I wouldn't expect to see any type of normalization here. And this is really important for the broader commodity outlook and for the macroeconomic outlook. All the other commodities are dirt and diesel. Think about metals and mining, agriculture. We're going to see this across the metals complex because diesel is such a critical input into many of the non-energy commodities. That's the Carlisle business. Energy Pathways Chief Strategy Officer Jeff Curry on CNBC Copper, of course, used heavily in home building and higher input costs for new homes won't do anything to help Americans try to afford to buy them. Open AI with a warning over the weekend, a blog post calling for caution over the pace of AI development. Saying no one is prepared for the rapid rise in machine intelligence. You have to have guard rules and you have to be dependent upon you. And I guess right now that the hucking face was so, it was so

2:03wrong that people just say you can't trust them. They're going to be smart of it. That CNBC mad money host Jim Kramer, Verizon and Corning with deal news today. Verizon and Corning have reached a multi-year multi- billion dollar agreement for 80 million plus miles of high density optical fiber solution. It's a lot of mileage that has to get out of this. It's supposedly going to allow Verizon to expand broadband connectivity to homes and businesses and build the network that connects AI data centers for the major hyperscalers. That partnership runs through 2032 and keep an eye on this today. CNBC's Becky Quick. Canadian Jetmaker Bombardier reminding President Trump today many parts for its planes are made in the United States with thousands of jobs and 20 states tied to the company's success. The president threatened to ban the sale of aircraft from Canada's plane maker unless it manufactures its planes inside the US. But the wings are made in Texas. Flight control components are made in California more than a thousand workers in Kansas also

3:04making parts for Bombardier. From the US perspective, this is mostly about politics. It's about political messaging and the economic impact of this is relatively muted. That's a can partner Kellyanne Shaw on CNBC. AstraZeneca's experimental COPD drug score is two late stage trial wins. The drug maker is hoping the treatment for chronic obstructive pulmonary disease could be a blockbuster. Sony's Spider-Man brand new day. Still number one in theaters over the long holiday weekend. Becoming just the second film this decade to top the box office for six straight weeks. Jessica at Incher CNBC. NFL kickoff time tomorrow. Exclusive NFL team valuations from Michael Ozanian Thursday CNBC sport live from the NFL's first ever game in Australia with Commissioner Roger Gideaux starts tomorrow CNBC.