Tech bouncing back microsoft and alphabet up sharply. Plus the Biden Administration is awarding micron 6 million in federal grants to boost production of chips in the state of new york and idaho. Were going to discuss all that with microns ceo. Hes live at post nine and the oil giants, exxon and chevron, both posting lower First Quarter profits. Mike wirth will join us this hour well go over those results. Lets begin with the markets and this mornings inflation data, highly anticipated, jim, not just core pce but best couple of months on spending in about a year look, this is a front frontsybacksy day versus what we got im going to mention somebody. You tell me if you agree pangloss pangloss. Panglossian number. Were taking the s. A. T. This morning . Thats where youre starting the show today on this friday in late april you want to explain that to everybody else the bonds are right i have to tell you, carl, last night im sending a note to ruth in the middle of the night, fantastic. Al
Software announcement expected sometime this morning. And many people believe theres some major changes coming to the iphone. Good morning. Welcome to tuesday, september 12th. Yes, fran, were happy you are back. Thank you. Were all here. All here together. Thank you. Thank you very much, andrew. Whats in store for our forecast . So todays cooler. Its a lot cloudy out there this morning. We have fog that redeveloped overnight. So heres a live look. This is the exploratorium camera. If youre with us this time yesterday, you remember this camera was totally clear. But now we do have a marine layer thats reestablished itself right along the coastline. Its a little humid out there. Our temperatures are in the upper 50s to lower 60s with a bit of a breeze right now. That onshore flow thanks to a cold front moving through last night, is keeping that breeze with us this morning. Those temperatures are a bit elevated. So heres future weather. There you can see the patchy fog here in there. Part
Two tech ipos making headlines. Plus Morgan Stanley, as carl just mentioned, upgrades tesla. Analyst adam jonas predicts a 60 rally, largely fueled by a. I. Were also getting shares of qualcomm up ahead of the open. Chip company saying it will supply apple smartphones through 2026. Lets begin with jim in san francisco. As we said, dreaming up for gearing up for dreamforce. Jim, going to be a busy week. Whats really crazy is that theres adam jonas just stealing the whole show. Theres conferences in washington, theres conferences in san francisco, and he makes it so its about tesla. All i can tell you is that out here, its just dreamforce is the aai force. David, you know this from when you were with musk. If you dont talk about a. I. , you sound like youre clueless. If you do talk about it, you better start having something to back it up. Adobes got it. Oracle tonight. But theres a lot of just a. I. Chatter that i think is just chatter, david. Right. And that is a key question for inves
Analysis by the Wall Street Journal showed the average pay of the CEOs of the biggest firms in the US was $15.7 million. That s up from $14.5 million in 2022.
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