Undermine the now popular soft lining economic story and what will it mean for the markets. Here to help answer that is private wealth chief investment officer, cnbc contributor. So first on the action today, we were only down 3 4 percent but it is two days in a row where it seems like the expected august pullback is resuming. We had the big Growth Stocks of apple, microsoft and nvidia 10 or 11 below and the broader take is Holding Together okay. Do you take heart in that or feel like its noise or delusion . Maybe a little bit of all of those. I feel like there has been a sense of somewhat capitulation in the middle of the day over the last couple days and i think that there continues to be a very strong underlying bullish sentiment which stems from the expectation we will see soft lining or none, we have seen a lot of sectors from even soft landing over the couple weeks. The other thing is investors are trying to determine how much the cpi tomorrow but change the narrative and the thi
End down today, it will probably still be a strong july wall streets eyeing what would be a fivemonth winning streak thats very impressive. It is we have some downgrades today on the research front. Ford, ge, csx, u. P. S. , salesforce, thats just a few. We will dig into some of the reasons why. And twitter left its heart in san francisco, but elon musk saying the newly branded company, x, will still call that city home despite its downward spiral, as he says ill be out there next month. You will . Well, september, for dreamforce oh, dreamforce. Im a big believer in the city, and i was out there in september and was i dont want to say i was horrified. But its mnot the city that i remember were going to talk more about that, but i want to get to the markets as we start our coverage for the week. Today is our last day of july. As we said, fifth straight month were coming off what was a fairly strong week sure. And what seems to have been generally speaking, and of course, we got a lot mo
country, two associate deans at the peabody school s office of equity, diversity and inclusion were caught doing something that would get most students tossed out. after the tragic killings at michigan state university, nicole joseph and hasina mahoodni felt the need to send out a campus-wide e-mail about the shooting. one problem, they used the artificial intelligence app to write it for them. the bot used the typical blather and expressions. the recent michigan shootings are a tragic reminder of the importance of taking care of each other, particularly in the context of creating inclusive environments. now, these women were so sloppy and so lazy that they didn t notice the small print at the end of the actual letter which read, pair fry sed from open ai s chat gpt ai language model, personal communication, februar whoops! the school has since apologized. dumb and dumber. well, they obviously didn t read the piece recently published in the atlantic by ian bogus title c
Tomorrows story line because after the fang stocks declined today, you Better Believe the obituary is being written again right now. With two as and two ns facebook, apple, net fix, nvidia or goggle, the company now known as alphabet. Any weakness in fang is worth taking seriously, of course, especially on a down day like this the dow declined 37 points the nasdaq lost 0. 44 . These periodic pull backs. So that way you can try to figure out whether its worth tearing your hair out some more. Maybe sell first, lets take it from the top down or whats known as the macro for those who want to sound really smart we have higher Interest Rates. Bonds sold off that gives you higher rates which i think is a consequence of the economy doing better, not to mention the tax bill that could really make thingsheat up when you consider the big hole this puts in the deficit, you know the government is going to have to borrow a lot of money, meaning there will be a hurj influx of supply in the bond marke
If you ever built a house or renovated your apartment then you know how many things can go wrong the plumber says he has to wait until the electrician is finished the guy who does the wooden flooring so the builders have no work to instructions the painters have brought the wrong paint and the architect is just shaking her head well now imagine building a power station or an airport today made in germany is thinking big and i mean really big hello and welcome to the Program Every big project starts with an idea then you need to make a plan if your idea is very ambitious you might find that you need components that dont even exist so when maverick entrepreneur elon musk announced his plan to build a hyper fast train line that runs at speeds beyond one thousand Kilometers Per Hour he needed a seriously fast propulsion system which didnt exist so i decided to run a competition for the fastest one a group of german students thought how hard can it be. This could be the future of travel roc