Dealt a blow this past month the nasdaq up 5 the russell up 5. 5 . The dow up 1. 5 . So goes the start of the year. So goes the rest i mean, historically, you come out of a great january and most of the time you do get followthrough. Of course nothing is perfect if it were that easy, you would set a formula and there would be no need to think i dont know if its as simple as extrapolating a good january, a good first quarter, what have you, but theres a reason why that kind of thing does tend to persist over the years and decades. The stocks change. The ceos change. The products and services that theyre selling change what doesnt change is human nature and when the indices get a good start, that generally leads to chasing and generally leads to people just feeling more upbeat and better about things and interpreting data points as bullish rather than bearish so they can stay in the game. I like the way the year started. Guarantees us nothing, but probably it does do well the rest of the
To file an antitrust lawsuit against ticketmaster parent livenation as early as today lets begin with nvidias blowout quarter. The Company Revenue more than tripled in q1, and its datacenter business grew by more than 400 over a year earlier sending shares above 1,000 for the first time heres jensen huang on the call last night the demand for gpus and all the datacenters is incredible. Were racing every single day, and the reason for that is because applications like chatgpt and gpt 4o and now its going to be multimodality and gemini and its ramp and anthropic, you know, all of the work thats being done at all the csps are consuming every gpu thats out there jim, a lot of the commentary today says any worries about an air pocket probably get assuaged today. Yeah, look, there was a lot of teaching on the call last night. Jensen came in right after colette kress, the amazing ceo usually he comes in later, but he wanted to explain to people about the Industrial Revolution thats begun and
Intelligence help hedge funds outperform . We will break down the results later this error. Let us check on the markets. The good news is bad news today, the job strength in jobs performs shows job openings were higherthanexpected enemies we are down on the nasdaq at the moment. We saw a little bit of buying yesterday maybe some profittaking. We are looking at the 10 year yield higher by 10 basis points. The 30 year at the highest since 2007, getting calls for a 5 level and we are looking at strength in the u. S. Dollar with maybe a fed having to remain hawkish. This is the strongest the dollar index has been in about 10 months. What does that mean for another key asset . We are up by 1. 1 for bitcoin. There was some buying yesterday so is it profittaking or it looking toward the trial to Sam Bankmanfried . We know he is facing charges that he swindled aliens of dollars from his crypto platform. He swindled billions of dollars from his crypto platform. Tell us exactly the state of play
Positive by 0. 5 . It is all about the calendar this week, all about the tech earnings. Tuesday, tomorrow, tesla. Wednesday, meta. Thursday, google and microsoft. Lisa its going to be interesting to see whether even a beat is a disappointment to market because so far that has been the tone. Weve gotten the biggest selloff going back to late 2022. Have we already priced out that potential disappointment set out for a positive upside surprise, or is this a pivot point at a time and a lot of uncertainty . Jonathan lets talk about tesla. Downline 2. 4 this morning. More than 40 yeartodate and we start this week with another round of price cuts. Annmarie a string of bad news is coming to tesla and some tomorrow they are supposed report first revenue decline in four years. A challenging Earnings Call for elon musk. Not just the cuts. Across the board, china, europe and the u. S. , but also the job cuts. The fact that they are trying to basically pin the future on this robotaxi that remains a
Can you hear me now . Sorry about that. Technology jumped in and took away my dulcet tones. Im not sure how much you heard but i , board member here and we are joined by devries. Bailey runs the office of investment and administration at the office of business administration. That is the oii. You just saw some clips from the sba i should say from the bpc , observations and data gathering on the economics of our nation. I volunteered to be someones agent because he seems to be getting more press than anyone i know, but the key thing about our time today with Bailey Devries is not only to talk about the sba but also how technology and specifically ai, the term we are hearing all the time, are affecting Small Business operations. Thanks for joining us. Ms. Devries thank you for it pleasure to be here. Tell our viewers what the office of investment and innovation does at the sba. Bailey its an incredible office and it is an honor and privilege to be temporary steward of this office. Our mi