Our economist isnt fully convinced and says while unlikely, some of the data doesnt necessarily take hikes off the table. Hell tell us why. With costs still climbing, we have three buys and a bail. Inflation insulation edition plus, the three names one trader says can weather the storm and the one shes staying away from, despite climbing 17 this week plus, deal with it, the message from chinas xi to secretary of state Antony Blinken, saying for bilateral relations between the two countries to improve, the u. S. Needs to look at chinas development in a positive light. A lot to get through today lets start with the Market Action and dom chu very much the taylor swift shake it off market. We have seen session highs at this point in just the last couple of moments. The dow up to 38,302, half a percent to the upside. The s p 500 is at 5109, up about 60 points, we were up 64 points at the highs we just saw maybe in the last two to three minutes we were still up 25 points at the lows of the s
Strong results. Caroline jeff bezos and andy jassy deleting chaps amid an antitrust probe. Lets check in on these markets. This is a macro picture on the day and some earnings galvanizing a drive higher. Nasdaq up more than 2 then. We see the core pce that the fed so loves coming in line. We are not calling, but we are not exceeding expectations. The market is relieved and we are seeing about of good, healthy increase in certain stocks. A 10 year yield dives down onto the back of that pce number. Even though we see bonds indeed rallying coming yields falling lower, the dollar still resilient against the japanese yen. Will we see intervention from the boj . Moving on, have a look at what it is doing against bitcoin. Dollar strength against bitcoin. Crypto on the downside. Ed it is all about earnings. Intel is off session lows. And just a moment, ian king will give us the numbers and then we will speak to the intel ceo. Microsoft and alphabet are all about cloud growth driven by ai produ
Pennsylvania State University has joined the BrainChip University AI Accelerator Program, an initiative from AI processor technology provider BrainChip that offers platforms and guidance to students in higher education AI engineering programs.
Analyst expects $40 billion in AI GPU sales for NVIDIA in 2024, while AMD estimated with $3.5 billion, and Intel. Intel's estimated to make $500 million.