Squawk Box Europe Express

As stock markets advance, so do bond yields, with the 10-year Treasury topping 5.3%, while investors continue to dump French paper, taking the spread with German bunds to its widest since the Eurozone debt crisis and the euro to a 17-month low. In the face of a looming debt spiral, former Bank of England chief economist Andy Haldane tells CNBC that governments must outline plans to curb spending. And, AI executives testify in New York and Sydney over safety fears and rogue agents, with OpenAI admitting that its actions and response to the Australian government hack were "not good enough".
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

The U.S. dollar hits a 17-month high against the euro as French debt worries and political risk shake European markets, even as soft U.S. jobs data prompts investors to scale back Federal Reserve rate hike bets. Meanwhile, crude prices edge lower as Middle East exports recover, G7 nations release 100 million barrels of strategic reserves, and Iran sets its terms for the Strait of Hormuz. In M&A, French industrial giant Schneider Electric strikes a massive $22.6 billion deal to buy U.S. software group PTC to capture the industrial AI boom. Plus, we are live from London at the Goldman Sachs "10,000 Small Businesses - How Britain Can Win" conference, spotlighting U.K. growth and innovation with key guests.
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Treasurys get some short-lived relief after the 10-year yield hits levels not seen in nearly a quarter of a century - but borrowing costs tick higher again as investor attention turns to September's non-farm payrolls report. Meanwhile, Europe's borrowing costs also coming under heavy pressure, with the UK becoming the first G7 country to pay 6% on long-term borrowing since 2012, while fiscal uncertainty in France sees the euro tank against the dollar.
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Treasury yields hover around levels not seen in nearly a quarter of a century as lenders taper their Fed hike forecasts. Meanwhile crude prices are whipsaw, even as supply concerns ease, while Kpler says oil flows through the Strait of Hormuz reached pre-war levels this week. And tech CEOs have reportedly rounded on Anthropic CEO Dario Amodei amid growing fears over the safety of AI. - for pod.
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

President Trump has hailed what he calls a 'morally binding' document on AI guardrails in the face of growing safety concerns - and has signed an executive order to rename the technology after a luncheon with tech leaders at the White House. Meanwhile OpenAI CEO Sam Altman tells CNBC that the firm needs to improve its models safely and confidently before it goes public. And another day, another new high for yields: The yield on 30-year U.S. paper hits its highest in nearly 25 years, as the global bond sell-off continues - with September one of the worst months for sovereigns in years.
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.