Neil thank you martha for now forget the dow jones dont take youre eye off of ai. Shares soaring above 1000 today as the market value of ai chips tops to. 6 drill trillion dollars. Dreamed up and at dennys years ago, the bidding is now seen as the engine of growth for everything ai. Similar to jeff pesos with the plan to cell books online becoming what would become starting what would become amazon. So when it comes to nvidia it looks like the newest it company but for how long . This stock in 2000 if you made an investment of 1000 it would be worth more than 1 million today. It doesnt appear done yet. Not even close. Welcome everyone im neil cavuto this is 1 for the record books. When ever seen a complete Toast Company like this crime so fast and dominate so many in such a relatively short period of time. All of this juxtaposed against the Dow Jones Industrial that couldnt get out of its own way largely on concerns the economy is doing better and they dont like that. More on that late
rates are going up. it s having the corresponding effect of pushing some prices down because demand is hit by that rate rise. yeah. so there s no question that the fed is in the mix, but i also was going to tell you if you look at one of the important aspects of where we ve seen some real relief for households on the inflation side, it s in the area of goods, okay? so core goods inflation came in, i believe it was a negative sign, slightly declined last month neil: you re talking about without volatile food and energy prices, correct? yeah. well, i m actually talking about goods here, so specifically, the things that come through ports. well, if you go back to 2021, president biden stood up the supply-side disruption task force. he recognized right out of the gate that if we were going to help people deal with some of the global inflationary pressures from the pandemic, we were going to have to unsnarl our supply chains. we got to work on that, and our fingerprints are on some of
gains evaporate. but the fed has been raising rates. at the rate they re going, they re going to do it again this month. that s what s causing this to go down. nothing you re doing. what do you say? if you and i are were talking about rates that were 7% and opposed to 3%, you d be suggesting that we had something to do with that. i think when it goes the other way, we have to be symmetrical there. when you lack at the neil: i don t understand that. i mean, the fact is that the rates are going up. it s having the corresponding effect of pushing some prices down because demand is hit by the rate rise. is that not so? there s no question the fed is in the mix. i also was going to tell you, if you look at one of the important aspects of where we ve seen some real relief for households on the inflation side, it s in the area of goods. core goods inflation came in a
is a signal that really things are starting to turn the corner and continuing to turn the corner and that we re on this sort of path towards cooler and more comfortable inflation and you know, like matt just said, we re still at a pretty high annual rate, so i think we re going to need to continue to see progress like this for the fed to really feel comfortable taking their foot off the brake here. consumer sentiment in march, down to the lowest level in several months. um but we ve got strong jobs, numbers inflation numbers as we saw there coming down what is dragging down confidence. yes so consumers have a lot to worry about when it comes from sort of the inflation side of the scale here just because i think it s important to note that inflation slowing down means that prices are increasing less rapidly. but there s still increasing and we ve seen a lot of run up in prices over the last couple of years. groceries in particular, have gotten a lot more expensive rent has gotten a lot
fundamentally fighting coming into 2023 is still very much an active issue. so i think what we ll see is some sort of attempt to balance those two issues. the high inflation on one hand and the risk of inflation on the other. and most are expecting a quarter point rate. a small but meaningful rate move at the meeting on wednesday. if the fed does decide to change course and press pause on the interest rate hikes, what would that mean on the fight against inflation? yeah. so one economist suggested that it would likely be what she called a pregnant pause. you would pause but suggest rates that you will raise rates in the future as soon as conditions are calm enough to do so. the idea is, you don t want it on the markets that this is over. that you ve give up on the inflation side of things. so there is a real risk that inflation could be a regular