To file an antitrust lawsuit against ticketmaster parent livenation as early as today lets begin with nvidias blowout quarter. The Company Revenue more than tripled in q1, and its datacenter business grew by more than 400 over a year earlier sending shares above 1,000 for the first time heres jensen huang on the call last night the demand for gpus and all the datacenters is incredible. Were racing every single day, and the reason for that is because applications like chatgpt and gpt 4o and now its going to be multimodality and gemini and its ramp and anthropic, you know, all of the work thats being done at all the csps are consuming every gpu thats out there jim, a lot of the commentary today says any worries about an air pocket probably get assuaged today. Yeah, look, there was a lot of teaching on the call last night. Jensen came in right after colette kress, the amazing ceo usually he comes in later, but he wanted to explain to people about the Industrial Revolution thats begun and
Play currently at two all. And they play tonight. Nottingham forest have lost their appeal against their points deduction and finally erik ten hag. Is he a dead man walking . Good morning. Another day of sunny and bright weather for many of us. But will that sunshine last until tomorrow . You can find all the details with me a little later. You can find all the details with me a little later. On. With me a little later. On. A very good morning to you. Our top story today , the our top story today, the regulator ofcom has unveiled new age restrictions for online social media use in a bid to keep children safer online. Varne. Yes, so social media firms will be required to introduce robust checks, including the use of photo id such as passports, to identify children using their sites and applications, and it comes today as internet Safety Charity Internet Matters has revealed i in 7 teens have experienced online nude sharing abuse. Political editor for huffpost uk, Kevin Schofield joins u
Unimpressed. Is this a sign that the ev maker can get back on track, or will a different reality set in for the stock . Im Courtney Reagan in this evening for melissa lee, coming to you live from studio b at the nasdaq on the desk tonight tim seymour, Karen Finerman, dan nathan, and guy adami. And we start off with meta shares plunging 11 after the company gave weak revenue guidance for the year. It also said capex would be higher than expected thatowing a beat on the top and bottom line it could be the worst drop since october 2022 Julia Boorstin is here to dig into the details what else stands out to you . Well, courtney, the better than expected results were very much outweighed by that lighter than expected Second Quarter revenue guidance, as well as higher than expected expense guidance the higher capex guidance reflects larger than planned investments in a. I. , including gpus, as well as in data center. She also told me that the companys higher total expense range is partially d
The cpi numbers earlier. While the headline cpi did increase, core cpi which excludes volatile inputs such as food and energy is actually higher. Its at 4. 3 . And thats illustrating that underlying inflation seems to be a lot stickier than anticipated, which, as far as fed policy goes, means that rates likely have to continue to stay higher for longer. The Federal Reserve has been keeping rates high, and that is likely to be the strategy we are expecting to see . Exactly, yeah, and there is other tools that potential they could leverage, such as reducing the size of the balance sheet, through so called quantitative tightening, and that could push yields up and increase Borrowing Costs which, in essence, has similar effects raising interest rates. As far as markets go, they are expecting the fed to raise rates not at this upcoming meeting, i believe, next week but actually more likely in december. Dimitri, how have consumers and businesses really responded to the rising Cost Of Living
I think it is early advancements we are seeing in al. Tesla is probably one of the best ai out there. Clearly, execution is going to be the key over the coming years, but i think investors more and more starting to appreciate that tesla and musk are Playing Chess while others are playing checkers. Tesla is already the worlds most viable auto maker 2 trillion. What do you make of this decision to when you look at dojo, it is playing as a destructive auto player, a shot across the other auto makers. You will see autumn abeles more and more look at disruptive technology, look at the software. The emerging of technology in automotive that is going to another industrial revolution. Batteries for self driving ai, additional auto companies. That was dan ives additional auto companies. That was dan ives weighing in with his thoughts on that story. Indias Prime Minister and the Saudi Arabia Crown Prince held a meeting in new delhi right after the 620 summit that in concluded over the weekend. S