Guest well, def con is largest tech conference in the world about 30000 people attended in las vegas pre covid and black hat is one of the largest security conferences also held in las vegas and one the university and one is more like the party. One is focused on professional Career Advancement and the other is focused on the sole of hackers and inspiring them. Host when did you found these . Guest def con is pretty old, before the. Com bubble, before 1993 in about three, four years later black cat started in 1997, i believe. The secret was we did no advertising or marketing and they just grew organically. Host what is your background that you were able to do this . Guest well, originally i thought i would be an fbi agent but instead i turned into a hacker and it was a hobby like everything, a hobby that turned into a career and they started throwing a party for some of my friends that were going away on one of the Computer Networks are belong to and instead i ended up inviting everyon
So the concept of always being one we can all benefit from. When i started to write this book i wasnt expecting it to be released in the midst of a pandemic but in my view the topic could not be more relevant to be forced to have that day number one mentality. I love to ask you what you found to be so important about this topic but you could focus on those workers that Tech Companies cracks and how does that fit into your overall journey . And i come in with a slightly different background instead of going to Journalism School investing neighbor relations. But really i always focused on culture and organizational behavior and infrastructure. That something i always thought about in the background covering the news and the company. So obviously we started to see the tech giant to grow and they tend to fall apart they get bigger and their bureaucratic. Not the that typical lifecycle. So they kept getting stronger and stronger and stronger and as i was spending time i saw those that didnt
Ai. That conversation later. We will push ahead to the earnings out after the bell. Broadcom the latest company to test if this ai rally is a reality. The eus Digital Markets act takes hold today. We will break down the epic battles already raging for apple. Lets check out this market rally we are seeing and ai drives it. We see the mood music trying to decipher the rate of travel for the fed. The nasdaq currently powering on higher. Big test gets the lift. The euro actually higher versus the dollar. The dollar moving as we anticipate rate cuts. Dovish tones seemingly being interpreted from jay powell as we see Christine Lagarde hint to future cuts. The dollar is weaker against most fx payers today. And looking at whats happening in terms of the japanese rally versus the dollar, we have seen the yen up amid signals the boj might move to increase rates, up. 8 versus the dollar. A look at whats happening in the world of a brisk asset of choice on this show, bitcoin a risk asset of choice
Of starbucks earnings. Im melissa lee, this is fast money. On the desk tonight, tim see your, dan nathan, guy academy and julie beiel. Yes, the megacaps, the aifocussed semis, but there have pockets of strength you might not have noticed media names also on the move paramount, netflix, Warner Brothers discovery, all well in the green. And the gig economy stocks, uber, doordash, lyft feeling the love what does this broadening out of the tech rally tell you about the markets . Are you more hopeful, dan n nathan, i ask sarcastically . The gig ones are really interesting to me, because those are models that were heavily debated. They saw the pull forward, they rose to crazy heights in 2020, into 2021. Some of the first ones that started to sell off, and obviously uber is a little different. They had different dynamics going on between rideshare and delivery if youlook at uber, airbnb, those stocks are both 100 billion market Cap Companies right now, theyve had massive rallies, and theyve g
Its come back has helped that final mile if you will to 40k. Certainly cents fed chair powell calmed the markets. It takes us to our talk of the table. What is next with stocks . Great to see you both. Here we are. Now what . It is a great backdrop. We have had a nice rise in markets. Equity markets calmed down from yesterday and so i think it is a good backdrop for stocks. Joe, what do we do here . Do we top out, do we keep going . Is there a message on how we rebounded severely from the april lows . There is and it is about profitability. Think about it, we set the lows heading into the earnings season, all about coming out of the earnings recession that has been the catalyst behind the appreciation to new alltime highs and i think collectively we have to breathe a sigh of relief from where we were in 2022 that we have the advancement of the technological innovation surrounding artificial intelligence. That has been the fuel for this bull market. I think it is well entrenched and you