Google and apple in talks to use the ai engine in the iphone. Thats showing signs of life in the ai trade. Joe . This potentially reeignites the mag 7. Fundamentally this is interesting, and i am not sure who will be paying who in this scenario. Obviously we know they pay apple in terms of search. This is also a little bit puzzling to me for apple. Is this an admission maybe they could not bring forth their own ai or gemini ai fast enough, and then the regulatory risks for this as well. Clearly this is a significant positive for alphabet. I think its something that probably has been circulating for the last week, because alphabet has had a strong period. Apple had open talks about open ai in the bloomberg report. Maybe this is a look at apple and maybe they didnt have that ai together in time for the Worldwide Developers conference in june. Google is a default Search Engine for apple, and this deal makes sense from this standpoint. Its no secret, clearly, that the gemini rollout has no
That. Stuart nice to meet you, nigel. I dont know the song or the guy. Mr. Wonderful walked on the set and hes not going to disturb us and well get on with things till he sits down quietly. Welcome. Look at this, look at that, dow is up 160, nasdaq up 263 and s p up 64. I like it all. Big tech please. Losers in big tech this morning . No, theres not. Apple, meta, amazon, even microsoft is up this morning. Making a noise on the set there, jimmy. Check the 10year treasury yield. Are you happy to be here . Very happy. Stuart okay, 433 on the 10year yield and keeps going up a bit. Its not hurting the nasdaq. Okay, now this. Four years ago, we were all locked down, covid had arrived and the government responded with draconian shut down policies. Now we can see what went wrong. A lot went wrong. The committee to unleash prosperity with a scathing report and this is a fairly conservative free market organization, very different from the health bureaucracies around the covid show but its a lon
Higher than expected. Plus tesla shares, well, they continue to have a very rocky ride this year. In fact, they are the worstperforming stocks so far on the s p for 2024. Another firm cuts their price target on that stock. And former treasury secretary Steven Mnuchin telling cnbc just last hour that he is putting together an Investor Group to try to buy tiktok or the u. S. Business of tiktok. Lets begin with the Market Reaction to ppi and retail sales as well. Last months decline, a little bit tight. As you mentioned, the market trying to look past it, struggling to do so, maybe. Cpi this week, you had these big treasury auctions that maybe we thought it would knock the market potentially off course. Now, there was a hiccup lower in the indexes, and bonds definitely are registering this hotterthanexpected inflation number. Tenyear up to 4. 22 . If this were an acutely feddependent stock market, it might matter more on a daytoday basis to equities. Its not been the case. If you dial bac
Queens. Really . Yes. Open your eyes. Still take a look. How the devil did you do that . Just as it was during the barack obama presidency. Americans dont feel as good about whats going on as barack obama did. Its time for us to secure our own border. And we do that by being smart about going to haiti and joe biden getting off his hands. People are frustrated with the way the democrats have been running things, or not running things, i should say theyre just not representing the people. I dont care too much for money. Money cant buy me love cant buy me love. Money cant buy me love. I do believe thats true. Maybe ill give it a shot. Hey. Oh stewie, its 11 00 on the east coast, and its tuesday, march the 19th. It is. I believe its almost the first day of spring it is today on the markets. The dow is up 142. The nasdaqs down 80. Kind of a mixed picture we got going on here. Show me big tech i think its all over the place. We have microsoft at 420. Apple 174 amazon 175 alphabet meta. Down
Neil gas driving inflation along with food and hotels, thats the threat sort of like 3 strikes and youre stockpiling is out. Are costing more with the latest wholesale Inflation Report. We will not see the interestrate cut for 3 more months. The june cut was looking good and more like a given. Now not so much. The headline Inflation Numbers stronger than expected and paroled to higher prices. Consumer is more resilient than expected. Hoping the fed buddies up on Interest Rates when the cost of that gas keeps going up. Larry glaser on what is adding fuel to the fire . Reporter you called it. Gas prices continuing a multimonth high with the nations battle against inflation, two steps forward, one step back. In this battle, what you see is lack of spending is not the problem, they are taking on debt to spending. Credit card debt is soaring, delinquencies, auto loans but also at the federal level, federal debt is soaring. The National Debt rising at 1 trillion. The spending is the issue bu