Senior Investment Strategist at Edward Jones here in new york. Were seeing a dent in risk appetite. The market is grappling with a variety of worries tensions in the Middle East, a Port Strike and election uncertainty. Do you expect to see volatility . Are there any opportunities . Yes, it is great to be here, and we are moving nicely thus far this year and we are moving nicely thus farthis year in and we are moving nicely thus far this year in the snp 500, up far this year in the snp 500, up nearly 20 . As you noted, youre heading into a choppy October Period and facing mounting walls of worry in the market, including the upcoming election on November The 5th and the ongoing Port Strike on the Eastern Seaboard as well as growing escalations and tensions in the Middle East. We say investors in markets should prepare for bouts of volatility ahead of a 20 rally also, that is a natural next step in terms of what might happen in markets. We are probably due for a period of pull back, but w
Thank you forjoining us. Why are they doing this . Thank you so much. First of all, all of the things about models was a big promise about the impact and scalability and universal approach. You can use purpose ai for different applications. Now, it is time to show the economic return. They need more control of their assets and Infrastructure And Data capacity in order to deal with the next round. It is 6. 5 billion. It is 150 Billion valuation. It is not easy to understand that technologies commoditised. The price of chatgpt is 3. 5. Now, it is 2 of the price it was in 2022 when this model was leading. There is much more competition including Language Models and smaller Language Models, and local solutions and companies. Does it raise questions about the ethical approach of 0penai . They always said that they wanted to avoid the mistakes that were made with the social media revolution. It is. Does becoming a for Profit Company jeopardise that . You becoming a forProfit Company jeopardi
After the us justice department sued america s largest card network, accusing the company of illegally monopolising the debit card market and driving up prices for businesses and consumers. Lifting us financial markets, well, there was a sharp rise in al darling nvidia s stock price. That was after the company said its ceo, jensen huang, was done selling stock in the chip maker for now. And china s wave of stimulus to jolt its ailing economy, well, that also boosted us stocks that have exposure to china. So far this week, it has been light on the economic front, with investors still digesting that rate cut from the federal reserve. But on the economic calendar, things should pick up as the week goes forward. As michelle mentioned, the usjustice department has filed a lawsuit against visa. It says the world s largest payments processor illegally stifled competition to maintain a monopoly over the us debit card market, through means like paying off potential competitors. Visa says the cl
There say 569 people including many children have been killed since monday. The foreign minister says the number of people displaced from southern lebanon is probably approaching half a million. Israel says it wants its campaign against hezbollah to be as short as possible and says it s killed a senior commander of the iranian backed group, which has been firing rockets into northern israel. And as world leaders meet in new york, the un security council says it will discuss the escalation on wednesday evening. Orla guerin starts our coverage. A community in mourning. The village of saksakiyeh in southern lebanon today. Ii were killed here yesterday by israel s massive bombardment. The dead included four women, an infant and a seven year old girl called joury. Herfather, mohammad halal, says she was an innocent child and a martyr. He pledges his support for the hezbollah leader, sheikh hassan nasrallah. Even if they kill us, he says, we are at your service. Also being mourned toda
Cut of half a Percentage Point on wednesday has spurred investors sending us markets into record highs. Traders cheered the Central Banks big call cutting the main Interest Rate to between 4. 75 and 5 . Opening the door with a bang on the first rates Easing Cycle in more than four years. President biden hailed the move as good news for consumers but said there was more work to be done in taming inflation. Lets be clear. The fed lowering Interest Rate is not a declaration of victory, its a declaration of victory, its a declaration of victory, its a declaration of progress. Its a Signal Weve entered a new phase for a colony and are recovery. I believe its important for the country to recognise this process because we dont, the progress we made will remain locked in the fear of negative mindset dominating our economic outlook since the pandemic began. Fed officials have made it clear that this cut was only the beginning and investors seem to have liked what they heard. For more, lets get