Stock futures point lower on October 7, 2026, after the S&P 500 and Nasdaq closed at records, as Treasury yields climb to their highest in about 24 years. Yahoo Finance’s Julie Hyman, Jake Conley and Pras Subramanian break down why so few stocks are driving the rally, the rise in distressed debt flagged by JPMorgan, and Bloomberg’s report that SpaceX is looking to raise $40 billion in debt to buy Nvidia chips. Plus, San Francisco Fed President Mary Daly’s warning about AI chip inflation, a New York Fed study on tariffs, sports ETFs, The Wall Street Journal’s look inside Scott Bessent’s Treasury, the debt facing David Ellison’s combined Paramount and Warner Bros., the dossiers built by Meta’s Muse, and Jaguar’s new $130,000 electric sedan.
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00:00 Futures slip after the S&P 500 and Nasdaq hit records
01:04 “Doubt” in the market, not fear
01:46 The biggest stocks rise as the smallest fall
02:42 Equal weight vs. the S&P 500: Lowest since 2003
03:07 How many stocks are below their highs?
04:08 Why higher yields hit everything but AI
04:57 JPMorgan flags a rise in distressed debt
06:18 Mortgage rates hit their highest in nearly three years
06:43 All eyes on the 10-year Treasury auction
07:01 The dollar’s “exorbitant privilege”
08:04 The S&P 500 without AI vs. Europe
08:45 SpaceX reportedly seeks $40 billion in debt for Nvidia chips
10:25 The prospectus “picture book”
11:01 How big is Colossus 2?
11:53 The competition for capital
12:24 Could Anthropic follow SpaceX’s playbook?
12:44 Musk’s Grok bot won’t only run on Grok
14:59 Musk on Terafab, TSMC and Intel
16:18 Fed’s Mary Daly on an AI chip inflation squeeze
18:26 Tariffs as a second shock
18:49 New York Fed: Tariffs’ effect on goods prices
19:42 Tariff costs for automakers
20:27 Is inflation transitory?
21:07 ETF report: Sports team ETFs
22:42 Jason Zweig: Know when you’re gambling
30:09 Inside Scott Bessent’s Treasury, per The Wall Street Journal
30:53 Bessent’s 3-3-3 goal
32:22 Treasury vacancies
33:05 Reports of Bessent’s temper
36:18 Bessent’s economic plan
37:45 What the bond market is saying
38:08 David Ellison lays out the combined company’s plans
39:03 The new board and advisers
39:43 The $80 billion debt question
41:48 Can cost cuts close the gap?
42:51 David Ellison’s acting career
43:22 Will the news divisions stay independent?
44:02 Meta’s Muse builds dossiers, per Time
45:32 Why Muse lacks encryption
46:44 Does Muse data feed Meta’s ads?
46:47 What Amazon’s “About you” profile knows
47:48 Asking a chatbot what it knows about you
48:51 Jaguar reveals its new electric sedan
50:05 Jaguar’s all-in EV bet
52:06 How it compares on price
53:31 What to watch at the open
#StockMarket #SpaceX #TreasuryYields #YahooFinance
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