11AM Hour: Interactive Brokers Founder, What to Expect From Alphabet & Tesla Earnings & OpenAI Model Goes Rogue 7/22/26

**Sara Eisen** (0:00)
The board recommends approving...

**Ayman Javers** (0:01)
Regarding that seat on the committee, we're promoting...

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to most quarterly earnings...

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**Sara Eisen** (1:00)
Good Wednesday morning. Welcome back to Squawk on the Street. I'm Sara Eisen with Carl Quintanilla live from Post 9 of the New York Stock Exchange. Today, a trading boom leading to a surge in profits for Interactive Brokers in the most recent quarter. Shares that were under pressure this morning. Founder and Chairman Thomas Peterffy joins us with his outlook this hour.

**Carl Quintanilla** (1:17)
Philip Morris cutting its outlook for the third time this year, pointing to new competition in the smoke-free space. Company CEO is going to join us to break down the quarter.

**Sara Eisen** (1:25)
An AI is growing cybersecurity risk. OpenAI saying its AI agent went rogue and launched a quote, unprecedented cyber attack. We'll talk about it.

**Carl Quintanilla** (1:34)
Astro Markets this morning, a bit of a split market. You see the Dow's green, S&P just slightly red. Actually, S&P looks like we're almost an inside day here today as we just barely topped out above yesterday's high of 75.15. I mean, maybe the bigger story are yields once again, 465 now. It's about a basis point away from our closing high of the year.
Let's begin with the closing or the latest developments on the war with Iran. Our Ayman Javerz joins us this morning. Hey, Ayman.

**Ayman Javers** (2:01)
Yeah, good morning, Carl. President Trump was on his way to Dover, Delaware this morning when he stopped to talk to reporters insisting that he has the support of the American people for the war in Iran and the effort to keep Iran from getting a nuclear weapon. Here's what he said.

**Mackenzie Segalas** (2:16)
Well, Americans aren't against the war.

**Carl Quintanilla** (2:19)
A poll just came out.

**SPEAKER_3** (2:21)
Americans don't want to have gasoline prices, but they're not against the war.

**Thomas Peterffy** (2:25)
That just came out loud and clear in a poll.

**David Rosenberg** (2:28)
Nobody wants Iran to have a nuclear weapon.

**Ayman Javers** (2:31)
The president also made additional threats to Iran this morning on social media, writing, From this point forward, anytime the Islamic Republic of Iran shoots at a ship in the Strait of Hormuz, whether it be by missile, rocket, drone or any other device or weapon, the United States will bomb and destroy one bridge or power plant, including those located next to or in the capital city of Tehran. All that comes as oil prices appeared to react overnight to comments by Secretary of State Marco Rubio after the 11th consecutive night of US strikes in Iran. Rubio said the US would love to reach a diplomatic settlement with Iran, but he added that right now, they don't seem to be serious. He also accused the Iranians of being the ones to violate the memorandum of understanding between the two countries that was negotiated earlier this summer. The Iranians, for their part, guys, of course, they have accused the United States of being the one to violate the deal. Back over to you.

**Carl Quintanilla** (3:27)
Meantime in DC, Eamon, there's the money issue. House is going to shoot for a reconciliation vote this afternoon, and then the Secretary of War on the Hill yesterday asking for another $67 billion. Are we starting to read some tea leaves on at least the Senate's willingness to pay for that?

**Ayman Javers** (3:43)
Yeah, and there's going to be a question about the sense of Congress here. Does Congress want to foot the bill for this war, even a Republican-dominated conference? You saw some fiery moments with Pete Hegseth, the Secretary of Defense, yesterday up on Capitol Hill as Democrats went after him about his promises on the war, saying that the Iranian military, on day 14, for example, had been totally destroyed. Was that true? You know, was the administration being responsible here? But from Republicans, you don't hear that kind of criticism. And so for now, it feels very much as if the president still has the lead of his party.