Scott cooper, what is a Venture Capitalist do . Provide money to companies that are trying to grow and hopefully become very big companies. If we are doing our jobs correctly, we are helping them grow the company. Hopefully they can provide introductions, navigate new challenges. We like to think of ourselves as a money provider and hopefully a supporter. Why cant a company such as the ones you describe go to a bank . It is a good question. Most of the businesses we invest in our risky. They are going to lose money for a long time. Thanks, unfortunately, are not in the business of doing that. We are willing to take that risk. Half of what we invest in, we will lose all of our money. Any bank will not be too excited. Is the original money come from you give to them . Money forut and raise my couple of different folks. Bigersity endowments are a source of capital. Stanford university. That money goes to help subsidize the cost of the university. Large foundations, other examples. Doing,e
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
Mathisen. We got this close early today, fed chair powells seen as dovish and then hawkish sending yield on a wild ride. Tesla tumbles following results from elon musk and several analysts cutting their price targets an one of the biggest bears on the street. We will. Tyler, lets get a check on the markets. Dow fluctuating all over the place, down 38. Down across the board on the major averages only by a bit. A quarter point for the s p, 4305. Rick santelli saying because the twoyear yield has backed off since we heard from chair powell given room for stocks to initially turn higher although given up the gains now. And the long end might be the culprit for that. The yield on the 10year like tyler said, see the spike around 1 00 p. M. Eastern almost touched 5 , 0. 004 shy. Elsewhere, netflix shares like yields, what yields. Were up 15 . Higher prices, password crackdown seems to have put the company on a growth trajectory. Shares up 16. 5 . Well get more coming up in three stock lunch.
Yields continue to march north. Lets dive into the markets as we await jay powells speech in an hour. Those yields on the rise. Our next guest reiterating her cautious but not bearish outlook saying the risk reward for equities is not very compelling. Joining us is holly newman kroft, ranked by barrons as one of the top Financial Advisers in the United States. Welcome back. Good to see you. Good to see you both. These yields continue to rise. I think it surprised a lot of people. How does that impact the way you think about managing the portfolio . I think the way we position portfolios is we have to take advantage of the gifts the market is offering us today and also protect against risk. As yields march north, our clients can get a really attractive yield in fixed income. Were able to reposition client portfolios to get almost equitylike returns with a muni portfolio. That takes risk and volatility out of their portfolio and also positions us to take advantage of when the market come
Caroline im Caroline Hyde in new york. Ed and im in san francisco. Caroline tesla asked its investors to approve a pay package. Ed chipmaking orders dive at asml. Our chip stockpiles back . Caroline we will bring you into a conversation with the French Company a toss. In the equity market pulls back a little bit from where it had been. Nevertheless we see bond markets outperform, currently seeing a 20 year yield down to, three basis points. Moving on and looking on the world of crypto. Its been on the downside as the u. S. Dollar is falling. The first time in six days we saw the dollar give up strength as we digest what has been a slightly more hawkish of. Risk assets are still cautious out there. Ed tesla continues to dominate headlines. Down for a fourth straight session. The stock is trading at its lowest level in almost a year and i dont think this has to do with the headlines on the bloomberg terminal. The idea of incorporating in texas, thus about the downward pressure. There is