The SpaceX IPO, APAC Long/Short Positioning & What Iran Means for the 10-Year

Charlie Gasparino and Bob Sloan broadcast from their respective vacations for a wide-ranging vacation edition of Risk & Return. Charlie opens with a media spat over his California election comments and a broader critique of the mainstream press before pivoting to the real market story: the SpaceX IPO priced at a staggering $75 billion. Bob breaks down how the KOSPI short call from last week played out — semis got hit hard — and walks through APAC positioning trends, Wolfspeed's convert arb dynamics, and Maersk's covering-led squeeze risk.

The duo also revisit the Andrew Left verdict: was this a criminal case or a compliance failure? And with Iran tensions escalating and the 10-year yield climbing, Bob and Charlie weigh what a Kevin Warsh-led Fed might do next — and what traders can't afford to ignore going into the weekend.

Chapters:

00:00 — Opening

02:25 — Media Criticism: CNN, the California Election Story & Mail-In Ballot Debate

09:00 — New York's Decline, Bari Weiss at CBS & the State of Political Media

15:45 — Markets Check: KOSPI Shorts Pay Off, CPI Anxiety & the 10-Year Yield

25:50 — APAC Short Interest, Wolfspeed Convert Arb & Maersk Squeeze Risk

31:20 — SpaceX IPO: $75 Billion, Retail Allotments & Lessons from the Facebook Debacle

35:50 — Toe-to-Toe on Left: Compliance Failures, Jack Welch, and Moving Markets

43:00 — Wrap-Up

For more information about the data featured in the episode visit S3Partners.com