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CNBC Daily Open – Fed Chair Warsh silent, inflation data and AI market stress
Federal Reserve Chairman Kevin Warsh gave no guidance before the October meeting, noting global monetary tightening, while U.S. producer prices rose 6.3% YoY and consumer inflation hit 3.7% in September. AI stocks fell as CoreWeave faced credit distress, with its 9.75% bond yield at 15.78% and CDS spread over 1,140 bps; Nvidia, AMD, Intel and Dell dropped. G20 finance ministers met in Bangkok, with Russia’s delegation present despite European protests. Hybe shares jumped 10% on upbeat BTS tour‑driven earnings outlook, expecting 1.5 trn won revenue.