Tech and bond trades play out. Lets dig a little deeper into the virus story in the u. S. U. S. Infectious disease official Anthony Fauci says it wont be a pandemic a lot longer because of vaccine progress. Joining us now with more is bloomberg Senior Editor drew armstrong. We all want to have the monday where we were very happy about the Pfizer Biontech results. What if the state of play in the u. S. . Drew the state of play in the u. S. Is brutal. We are sitting case records because of uncontrolled spread in huge amounts of the u. S. Hospitalizations are higher than they have been at any point during the pandemic. During thet pandemic. Depend on who you ask, 1500 sorry, 1506 to two deaths in the u. S. Yesterday, a number we havent seen since the early days of the pandemic. Numberout every single or way you look at this that you can is going in the wrong direction right now, and newman the hospitalizations and knowing that hospitalizations after that, it is going to be a grizzly pictu
Laura. Jim, one of those every now and then we get a day that is truly consequential and that certainly fits at least the expectations for powells speech. I wish that we hadnt come in so hot when you have a company that gains 50 billion in one day, salesforce, when you have a tremendous number of nasdaq stocks that have just kind of out of control to the upside you dont want to have anything that could disrupt that i think its heightened, im glad were covering every minute of t david, you know that this is a day that we would normally be talking about abbott labs and talking about the mysterious tiktok mayor issue which are both huge stories but we have to defer to jay powell. We do we have to defer to powell we have to continue to understand what the fed Balance Sheet will look like with that 3 trillion thats been added to it which is a staggering sum, guys jim, your point is well taken. Yesterday salesforce i have rarely seen anything like that move, yes, they were extraordinarily st
Tiktok is said to be making contingency plans for a u. S. Shutdown, joining microsoft to challenge a bid from oracle. Australia winds up turning season like never before with a recession and record government stimulus. Lets get you started with a quick check of the markets. We are seeing u. S. Futures opening slightly higher. This as we had another record high in the u. S. With the s p 500 soaring for a fifth consecutive session. We have financial and real estate sectors being the biggest gains. We have banks benefiting. Treasury yields were higher. We had the yield curve widening. Powell chair jerome speaking at jackson hole, conveying a dovish and more relaxed approach. Higher yields leading to the dollar rebounding. U. S. Weekly jobless claims remaining above one million. Not to mention the economic gdp numbers contracting slightly less than forecasted due to oil prices looking like this. About 43 ag barrel. We had oil declining through the new york session as laura barreled into lo
a furrow in technology at the top of their fields. and there s no escaping it. artificial intelligence is everywhere. the past year has been a turning point for al, especially generative ai. that s the tech that creates human like text or imagery based on user prompts. chatgpt was launched in november 2022 and is now widely used. but in march of last year, elon musk was one of many leading figures who warned that it could pose a profound risk to society and humanity. however, it s now common in consumer products, including in the tesla self driving cars sold by mr musk, and it s increasingly used by businesses to in their own operations. so here we ll explore the impact of a.i. on some of the world s biggest businesses. and i ll be checking out what catches my eye on the convention floor. is it a bird? is it a plane? no, it s xpeng aerot flying car. and to find out more about it, i m joined by brian gu, president of xpeng. thanks so much forjoining us. who is this for? well,
over 1,000 miles away. we ll check out a range of other gadgets being showcased here in vegas and hear from two major ceos. one is the big boss of siemens, the world s largest engineering company. and i m alsojoined by the head of nasdaq, the most famous tech index on the planet, to explore what are the big issues affecting the wider industry. wherever you rejoining us from around the world, a big hello from las vegas and a warm welcome to the show. this week we re on location at ces, the consumer electronics show. it s notjust a top tech event. it s also one of the biggest conventions in the world. 130 attendees are expected and more than 4,000 exhibitors. we ll be hearing from some very long established brands plowing a furrow in technology at the top of their fields. and there s no escaping it, artificial intelligence is everywhere at this year s ces. the past year has been a turning point for al, especially generative ai. that s the tech that creates human like text or im