Treasury yields rise, Home Depot earnings, Paramount's bond request and more in Morning Squawk
CNBC’s Morning Squawk says 30-year U.S. Treasury yields rose to a 19-year high, lifting 10-year and 2-year yields. Home Depot shares were up about 2% after Q2 results beat and it reaffirmed FY2026 guidance. Paramount Skydance sought $1.88 billion in delayed-merger costs from state AGs. Nvidia is to fund up to $105B for OpenAI’s Ohio data center.
How this was made
The 30-second read
Why it matters
The most tradable company-specific items are HD’s earnings beat and guidance reaffirmation, PARA’s quantified legal cost request in the merger dispute, and NVDA’s large AI data center compute financing role. Macro yield pressure and oil strength provide a headwind to broad equity sentiment.
Market read
Traders get a mix of macro headwind (higher long yields, higher oil) and multiple single-name catalysts (HD earnings beat, PARA merger-delay legal filing, NVDA AI data center financing).
What to watch
NVDA’s revenue timing is pushed to 2028 capacity, so near-term estimates may not move much; DIS’s experiences record is from prior quarter, so the new chairman comments may be more narrative than incremental numbers.
Background
Morning Squawk highlights a jump in the 30-year Treasury yield, a Home Depot earnings beat with guidance reaffirmation, a Paramount legal filing over merger delay costs, an Nvidia compute contribution to OpenAI’s Ohio data center, and Disney’s new Experiences division strategy.
Ticker impact
Home Depot shares are up 2% premarket after beating Q2 top- and bottom-line expectations and reaffirming FY2026 guidance.
Likely supports continued relative strength into the rest of the retail earnings week.
The article cites an earnings beat and explicit guidance reaffirmation, which are direct catalysts for HD’s trading, while management’s cautious housing-market commentary tempers expectations.
Nvidia is contributing up to $105B for OpenAI’s new Ohio data center, with capacity expected to come online in 2028.
Supports longer-dated bullish positioning in NVDA, with near-term trading likely more sentiment-driven than earnings-immediate.
The article provides a concrete deal size and timeline (capacity in 2028) tied to NVDA’s compute supply role, which is a direct demand signal.
Disney’s Experiences division under new chairman Thomas Mazloum targets more park expansion and smaller updates, citing nearly $10B quarterly revenue.
May support modest upside bias for DIS, mainly through segment narrative rather than a new financial print.
The article references strategy and a record revenue figure from the company’s recent third-quarter results, but it does not disclose a new earnings release or fresh guidance number.
Market effects
Rising long-end yields can pressure rate-sensitive equities, while AI infrastructure financing reinforces the AI capex supply chain narrative.
US-focused macro (Treasury curve) and US corporate earnings flow.
Brent strength tied to US-Iran tensions can spill over into global energy-sensitive risk sentiment.
Counterpoint
HD’s guidance reaffirmation amid “frozen housing” conditions may cap upside, and PARA’s legal cost request may not change the probability of deal failure.
Key entities
- public_companyHome Depot
Beats Q2 expectations and reaffirms FY2026 guidance amid “frozen housing market” conditions.
- public_companyParamount Skydance
Seeks court order to make states pay delay costs for its Warner Bros. Discovery merger, citing $1.88B.
- public_companyNvidia
Contributing up to $105B for OpenAI’s Ohio data center, with capacity expected to begin coming online in 2028.
- public_companyDisney
New Experiences division chairman outlines expansion and update strategy, citing nearly $10B quarterly revenue record.
- macroU.S. Treasury yields
30-year yield surged to highest level in 19 years, lifting 10-year and 2-year yields as well.
