Delta cuts its full-year outlook after higher fuel costs weighed on its third quarter, and its CFO says “it’s all fuel.” Yahoo Finance’s Julie Hyman, Jake Conley and Pras Subramanian break down Delta’s refinery edge, rising airfares and its Starlink spat with Elon Musk, then ask whether SpaceX’s purchase of low-band spectrum is a real threat to AT&T, Verizon and T-Mobile. They also discuss the gap between OpenAI’s reported revenue figures, Anthropic’s new rule against abusing Claude, F/m Investments’ Alex Morris on rates, a report that Apple cut iPhone 18 Pro orders, the administration’s green card suspension for tech firms, Meta’s TikTok ad ban, and Rivian’s Ghostbusters ad.
Watch The 8:30 live weekdays 8:30-9:30am ET.
00:00 Delta misses as fuel costs jump
00:45 “It’s all fuel”
01:39 Delta’s refinery edge
02:44 Higher fuel costs and fare hikes ahead
02:59 How high are airfares going?
04:06 Why Delta is outperforming its rivals
04:44 Delta vs. Elon Musk over Starlink
06:04 Ed Bastian: “I drive a Tesla”
07:18 A 13-hour train instead of a flight
08:57 SpaceX buys low-band spectrum
09:58 Telecom stocks slide
10:15 JPMorgan: Limited near-term risk for carriers
10:38 What SpaceX still needs to build
12:04 Spectrum and tower owners rise
12:46 Is SpaceX bluffing?
13:44 Why would customers switch?
15:00 Don’t bet against Musk?
16:27 OpenAI’s $50 billion or $70 billion question
17:56 “Drop the S-1s already”
18:33 Why the market seizes on leaks
19:27 How annualized revenue is calculated
20:07 Why OpenAI wants big projections
20:29 True believers or traders?
20:57 The debt side of the picture
21:52 Anthropic’s new rule on abusing Claude
22:43 Is AI conscious, or just code?
24:06 What Claude says about the rule
30:05 Far Corner: Alex Morris on rates
31:13 What the 10-year auction showed
32:01 What could bring rates down?
32:22 The president’s push for rate cuts
33:30 How much is fiscal spending driving yields?
35:21 US vs. international stocks
36:52 What “Warsh GPT” says about the Fed
38:00 Apple reportedly cuts iPhone 18 Pro orders
38:47 Is the iPhone getting too expensive?
39:36 The missing base iPhone 18
40:33 Apple’s home event and the Duo
41:14 The monthly payment effect
41:27 What happens to traded-in iPhones
42:15 Remember the budget iPhone?
43:08 Tech firms suspended from a green card program
43:57 Microsoft’s split screen
44:59 The politics of skilled immigration
47:16 Meta bans TikTok ads
48:39 Where Meta’s restrictions apply
49:17 Whatever happened to the TikTok ban?
51:08 The China question
51:44 Rivian’s Ghostbusters ad with Bill Murray
53:48 Rivian’s deliveries
#StockMarket #Delta #SpaceX #YahooFinance
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