A lot of the chip market in terms of the fastest mining and most efficient mining capacity but here theyre samsung is getting in and theyre like top of the game nobody can compete with them on many different. Aspects of a production of semiconductor for example for apple but local Media Outlets reported that samsung partnered with the chinese Bitcoin Mining equipment manufacturer last year and finished the development of its chips samsung which operates one of the Largest Semiconductor as i said manufacturing plants in the world will manufacture and supply cryptocurrency Mining Equipment to the Chinese Market first which of course is funny because you know it was Just Announced that china is banning. Mining of bitcoin in china but south korea saying were going to provide some Mining Equipment these chips for china. Some people say that again thats just fake news as well that were or were misreading the statements come. Out of china that china just has theres a problem with the local co
In a moment. If we zoom out, the wcld and First Trust Internet etf flat over the last month, chips and software with a bit more of a sustained rally. Pretty remarkable. The words baby steps, john, have been used in the feds long term goal of getting us back to 2. So much guessing on what the fed actually wants and is trying to do happening here and its important i think for us to stay focused on the context. We gave viewers a little bit right there. Amazon is up i think around 13 right now 9 for the week. But look at what these individual stocks and what some of these areas have done not only over the past day or week but over the past month. Over the past quarter. What were earnings like . Now i think the next catalyst perhaps is how the Holiday Season starts with just a couple of weeks away from thanksgiving, from black friday, from cyber monday theres the expectation that Consumer Spending isnt necessarily going to be what its been in past years. That has all kinds of impacts not ju
Morning. Semiconductors outperforming and Cloud Computing etf on best had its best days since early august meanwhile, faang, amazon, the largest megacap winner, but dee, this is a rally of the fisty. Affirm and peloton up 12 and affirm and shopify and bitcoin above 20k, up 3 no question that whats leading this is the stuff that investors, over the past couple of months, several weeks have gotten very queasy about yeah. Those macro themes is what youre pointing to the riskier rally, the unprofitable and the rally of the growth and whatever you want to call it and its beaten down names and the macro backdrop and you have the tenyear yield 3. 6 and the twoyear getting close to 3. 4 and carl, the fed isnt quite focused on inflation as much as it is the job market for the next moves some positive signs and remember they werent as bad as some were expecting and there was a relief rally and she continues on the dip so well see what she has to say about it bank of australia hiking not as much.
By Debbie Stabenow of michigan. Good morning, calling this hearing to order of the Senate Committee on agriculture and nutrition and pleased to see all of ours colleagues here for the important hearing and discussion. Were here today because rapidly increasing number of americans are investing in cryptocurrencies yet theres no federal oversight over what makes up the majority of this market and just as quickly as theyve risen in population, weve seen the value drop and results of hard working americans that lost billions of dollars and dollars they used to support families, keep roofs over their head and save for hard earned retirement. Theres been thehe value of some widely traded coins and built sents on the dollar. Meanwhile 1. 2 billion worth of crypto currency was stolen in hacks some lack trust. We need clear consist rules for the road that allowed good actors to innovate and grow while first and foremost keeping customers safe. Oversight of one of the two nation regulators and i
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