# 10AM Hour: Mastercard CEO, Ferrari’s First Fully Electric Model, Pope Leo’s AI Warning 5/26/26

Page: https://stenobird.com/podcast/squawk-on-the-street-731896/10am-hour-mastercard-ceo-ferrari-s-first-fully-electric-model-pope-leo-s-ai-warning-5-26-26
Text version: https://stenobird.com/podcast/squawk-on-the-street-731896/10am-hour-mastercard-ceo-ferrari-s-first-fully-electric-model-pope-leo-s-ai-warning-5-26-26.md
Podcast: [Squawk on the Street](https://stenobird.com/podcast/squawk-on-the-street-731896)
Published: 2026-05-26T15:10:53+00:00
Episode link: https://www.cnbc.com
Audio file: https://dts.podtrac.com/redirect.mp3/cnbc.simplecastaudio.com/772daf2b-4aa5-445b-9969-6ecd181231b1/episodes/7abd4b8a-4b44-451b-9002-0db386dd1585/audio/128/default.mp3?aid=rss_feed&awCollectionId=772daf2b-4aa5-445b-9969-6ecd181231b1&awEpisodeId=7abd4b8a-4b44-451b-9002-0db386dd1585&feed=GcylmXl7
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Duration seconds: 2612

## Resource

Carl Quintanilla, Jim Cramer and David Faber explored what to make of the S&P 500 hitting a fresh record high, helped by hopes for a peace deal between the U.S. and Iran. The AI trade also fueling gains on Wall Street: Micron shares soared and lifted the chip sector after UBS more than tripled its price target on the stock to $1,625. The anchors discussed other stories on the AI front: Pope Leo XIV's AI warning, an Anthropic co-founder on guiding AI, OpenAl CEO Sam Altman refutes the idea of a "jobs apocalypse" due to AI. Also in focus: The stocks rocketing higher in reaction to SpaceX's planned IPO, Lilly buys three vaccine makers, Dropbox CEO to step down, BP ousts its chairman, Cramer's calls on the 30-year yield and retail, Ferrari's new EV. Squawk on the Street Disclaimer

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## Transcript

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