OpenAI's revenue scare, Delta earnings, what investors think of a Starbucks-Chipotle deal and more in Morning Squawk

Impact · against what's priced in

Delta's earnings miss and guidance cut are negative catalysts as they undermine the specific FY2026 EPS targets the market currently assumes. The Starbucks-Chipotle acquisition rumor is largely noise for both names, as it creates an expensive distraction for SBUX's turnaround and offers a premium that the market has not yet fundamentally baked into CMG's growth thesis.

DAL−0.70

Challenges what's priced in

The price assumes