Trump calls AI fears a 'hoax', Treasury yields surge, Moynihan's warning and more in Morning Squawk

Five developments occurred in financial markets and policy on January 16, 2026. President Donald Trump stated that concerns about artificial intelligence represent a "hoax" during remarks to reporters. U.S. Treasury yields increased, with the 10-year yield moving higher as investors assessed inflation data and Federal Reserve policy expectations. Brian Moynihan, chief executive of Bank of America, issued a warning regarding economic conditions or market risks, according to CNBC's report. Markets opened with these factors influencing early trading activity and investor positioning.

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