Countdown to Nvidia Earnings, Meta Legal Settlement, Latest OpenAI Exit 8/26/26

Stocks are relatively unchanged on Wednesday after the latest PCE report revealed inflation levels remain elevated. Brian Sullivan and Contessa Brewer sit down with Wells Fargo’s Ohsung Kwon and Interactive Brokers’ Steve Sosnick to break down the key factors moving the markets and impacting investors. Evercore ISI Head of Internet Research, Mark Mahaney, chats with the anchors about Meta Platforms’ $16.7 billion settlement with 48 states over child-safety claims and the company’s plans to replace many of its staff members with AI agents. In the tech world, CNBC’s Kate Rooney reports on the string of executive departures from OpenAI as the company works to justify its $852 billion valuation, and Baird’s Tristan Gerra provides his predictions for Nvidia’s Q2 earnings ahead of the company's report after-the-bell.