Satya nadella is wrapping up his keynote address at the companys build Developers Conference. The shares hitting alltime highs today. Steve kovach joins us from seattle with more. Steve . Reporter hey there, kelly. Yeah, were here at the tail end. Right now we have microsoft cto kevin scott on stage, giving a lot of demos of chatgpt 4. 0. That is, of course, the new language model that chatgpt, open ai launched last year, the one that lets you have these natural conversations. Were also looking, friend of your show, khan, from khan academy is on stage talking about the tudoring benefits. And this is really the big theme of this Developers Conference is giving developers these the latest and greatest tools to run on microsofts azure cloud, like i have been saying for so long. That is where microsoft sees the most financial benefit so far from all this Artificial Intelligence boon. These developers in the room, about 4,000 of them down stairs from where im sitting, theyre the ones who ar
So you know, when it comes to corrections, thats 10 off from recent highs. Then we started the climb once again. Up 367 points. We are up 319, 320. These momentum swings are awfully important to watch but they are not set in stone. Remember, it was exactly at this moment yesterday, 24 hours ago where the dow began dropping and dropping and at 11 minutes past 3 00 p. M. , boom, in the blink of an eye we fell nearly 1600 points. 1597 to be exact. Could that happen again in this hour . We already showed you the dow which is up 331 points. The s p is about up a percent and earlier, we have to tell you, the low was down 55. That was a significant swing. Looking at the nasdaq, we are up about 92 points and so, as we see at the moment, i need to point out that nasdaq had been down 142. The key question here, why does the final hour have that potential to start quaking and shaking in that last 45 minutes. Starting in about 20 minutes, think about the redemptions i kick in. Thats when hedge fun
U. S. And turkey continues to heat up and its having an impact across all markets in turkey. Dollarlira is up by 2. 4 . We saw a 6 rally earlier during the thin liquidity trading but now we are well off the highs of that session. The stock market continues to get hit come off by 3 and airlines are really week in turkey. You wind up having a monster selloff happening in the bond market. Are seeingt, you some buying an outperformance in spain. David it is time for the morning brief. We have a big week ahead starting with a Parliament Meeting today. Tomorrow is the meeting with the imf and world bank. We will get Bank Earnings from jpmorgan and wells fargo thursday and on friday, we will get u. S. Economic data including cpi and retail sales. On top of all that, markets will continue to watch the growing tension between the united turkey. Nd over the weekend, both countries suspended granting of these is for one anothers us citizen to visit and the lira and turkish stock market took a hit
Thank you for having me and this is a great venue. I suspect the first time book tv has ever done one from an airplane hangar. This is my 10th book tv. Its one that is closest to my heart for a variety of reasons. Let me start with background and many of you know, on july 17th, 1996, at 1819 p. M. , twa flight 800 left jfk airport in new york bound for paris. 12 minutes later, 8 31 p. M. Off the coast of long island, popular shore of long island, it was blown out of the sky. 230 people were killed, 53 of them were twa employees. Many of you in this room knew at least some of those people. There is a memorial in their honor here at the twa museum and if i were coming here just to spread some conspiracy theory, i would be dishonoring their memory and i would be insulting you. Instead, im here to tell you what happened on the night of july 17th, 1996, in the nights and days and months and years thereafter. There are people in this room who know a whole lot more about aviation than i do an
Thank you for having me and this is a great venue. I suspect the first time book tv has ever done one from an airplane hangar. This is my 10th book tv. Its one that is closest to my heart for a variety of reasons. Let me start with background and many of you know, on july 17th, 1996, at 1819 p. M. , twa flight 800 left jfk airport in new york bound for paris. 12 minutes later, 8 31 p. M. Off the coast of long island, popular shore of long island, it was blown out of the sky. 230 people were killed, 53 of them were twa employees. Many of you in this room knew at least some of those people. There is a memorial in their honor here at the twa museum and if i were coming here just to spread some conspiracy theory, i would be dishonoring their memory and i would be insulting you. Instead, im here to tell you what happened on the night of july 17th, 1996, in the nights and days and months and years thereafter. There are people in this room who know a whole lot more about aviation than i do an