Session. Now things, if you can believe it, they arent as a bad as they were earlier in the session. The dow was down 706 points at its low, now down 442. The s p 500, its falling by 31 at the moment. The nasdaq is recovering somewhat from its low of 368 points, now down close to 134. And the russell 2000 is down by 17 points. Of course, those are the small caps, really not great with the Interest Rate outlook from the fed with todays gdp report. And that e do klein set in motion decline showed that the economy grew much slower than expected and that inflation remains persistent adding to fierce over Interest Rates and stagflation. Plus, Jpmorgan Ceo Jamie Dimon pouring more fuel on the fire, this morning he expressed serious doubts about the likelihood of a soft landing. I look at the range of possible outcomes, you can have that soft landing, im a little more worried that it may not be so soft, and inflation may not quite go away. The odds of a soft landing, the market kind of prices
The day before , ukrainian intelligence reported that the kremlin continues to conduct covert mobilization in order to replenish losses, the Russian Federation has already called up 90 to 1,000 occupiers this year. Britain announced new sanctions for russian pseudoelections in the occupied territories of ukraine. This is stated in the message of the British Foreign office. 11 new persons came under restrictions. The United Kingdom government has frozen russian assets occupation administrations in the temporarily occupied territories of ukraine and prohibited the designated occupiers, occupier leaders from entering the territory of britain. The state budget will be significantly expanded in 2024 to stimulate economic activity, support business and create new jobs. In general, uah 40. 2 billion will be allocated for this, said Prime Minister denys shmegal during the government meeting. In particular, the state will continue the soft lending program, as well as provide additional grants f
The advanced positions of bakhmutskyi. Direction the state budget in 2024 will be substantially expanded to stimulate Economic Growth activity, business support and creation of new jobs. In total , uah 42 billion will be allocated for this, that is, more than 10, more than one billion dollars. This was announced by Prime Minister denys shmegal during the government meeting. In particular, the state will continue the soft lending program, as well as provide additional grants for. There is work under the program, we plan to issue more than 12,000 micro grants, which means we will help create 12,000 new businesses, in addition , we plan to provide 1,300 grants for the expansion and start of veteran businesses, we will to support farmers, machine builders, creation and expansion of processing enterprises. 3 billion will be allocated for state support large investment projects in ukraine, this is important because it will help create new jobs, increase taxes and improve the lives of communi
With plans to spend even more aggressively on a. I. Also, that Second Quarter guidance, perhaps, not that exciting on top of that, we got a massive earnings day comcast, five dow components also reporting, merck, honeywell, caterpillar, dow and ibm, one of the biggest laggards on the s p, by the way lets begin with the Market Reaction to the weaker than expected gdp, jim. 1. 6 looking for prior actually, it was about 2. 5 . Goldman was at 3. 1 . This is one where people were obviously the wrong way on both. Wrong on how slow it is and wrong on inflation so, the fed needs some help. These were numbers where you could say, you know what, they can cut. But david, you dont cut when you have this kind of inflation. So, the core price index, up 3. 7 when you were looking for 3. 4. What are you smirking about . These are awful numbers. Im not smirking. I was looking at you happily, happy to see you my gosh. What am i, your kid you bring me to work today listen to me gdp no. The worry now is s
Listing day. 14 billion goes to micron from the chips act to boost americas memory chip prowess. There is only one story that matters right now and it is meta. You see the share reaction to mosque zuckerberg outlining billions of dollars to building out Ai Infrastructure. Expenses, arrange raised, capex raised. The focus of the call was on the product cycle. How many years will it take for this investment to would materialize in sales growth. Thats the question on the stock is on track for biggest drop since october of 2022. Remember how well its performing yeartodate. Look at the market cap, the scale of this company but also the market cap lost. The reporting from kurt wagner and the analysis from analyst mandeep singh. Mark zuckerberg was cognitive on this call but what he tried to do was say trust me end bear with me ive got a plan for ai to have an impact on the existing business. Explain what we learned. Kurt he was saying this is not anything thats going to return to shareholder