First a check in on the market the dow lower by nearly 300 points moved low er perhaps by the fitc rating plus, some street talk around discover financial the company ceo resigning. That stock down more than 10 . Also, good news, bad news. The good, Warren Buffett adding a stake in the stock bad, home Builder Sentiment dropping sharply with rates over 7 . We begin with the warning from fitch the firm saying it may be forced to downgrade dozens of banks, big ones, including jp morgan chase, coming after recently downgrading the United States credit rating. For market reaction, lets bring in doug butler, director of research at Rockland Trust what has got fitchy feeling so well, i could rhyme but i wont. Ill also not go there. But again, fitch downgrading the banks, very core lair to what they just did. Its their really negative on the government and theyre taking this as a broad swath theyre saying the Banking Industry as a whole and greater problems which is why they would hit jp morga
Alert about Police Activity near the intersection of jennings and carroll in the citys Bayview District. So far, what we havent seen is interesting. We havent seen any emergency medical personnel on scene, and we havent heard if anyone was hit by gunfire or transported to any hospitals. We have seen assistant chief david lazard here on scene. So some of the departments top brass on scene, as well as multiple detectives. Now, we did speak earlier briefly with police who say that they would be updating us about what is going on here as soon as possible, coming back to our live shot, you can see more officers now arriving back here on scene at what we are hearing. Was an officer involved shooting again, more than a dozen officers, detectives, some of the citys top brass inside this taped off area, at least two Police Vehicles, multiple other vehicles inside of this area. We are at this point working to try to find out more detail about this, more details about this. Were hoping that San F
In the late 90s. Its a whole smatters of tech joy companies from not just france but throughout. I should also mention that elon milk has just been added to the program. Were going to be laering from elon musk. And also moe di tomorrow. Many have said they dont understand it. They cant see inside the box. This new research theyve developed can see inside the box to understand what ai is doing. They can look at the difference. Up until now thats been impossible. Thals what im doing in paris, and weve got a lot more throughout the day. Just in terms of seeing what it does, how will they do it . The imaginations they can cook up, can they track it down . Thats exactly what this research seems to suggest that theyre going to be able to do. That they ee going to be able to understand hall like i. It may explain why one model writes one sentence and another writes another sentence and whats driving the different understandings of the nils that its taking in. Well talk to dario about it in ju
Dow which last 313 points, s p down 26, nasdaq clipped by 85 points. Stocks were lower this afternoon. And stumbled further on the release of the minutes of the april 30th meeting. Did not help to see participants mentioned recent data did not increase confidence and progress towards the 2 inflation goal and some noted, this dumped the markets here, to tighten policy, should risks to the Economic Outlook to materialize and make such action appropriate. A rearview look, markets headlights are about to beam brightly. The Quarterly Report after the bell, and the chip behemoth, they are down 15 points or 1. 5 . At 5. 59 a share, 412 jump on revenues of 24. 6 billion, that would be 240 increase, talk about pressure, jensen wong in the picture, and north of 26 billion in sales. The Options Market expects substantial stock move after the release and who knows how or whether it would spillover to the chip sector and the entire tech sector. The s p and 500, and staggering after reporting earnin
The iron dome and their ability to respond to attacks. The political attacks starting almost immediately based on that interview all over the country and the world. A lot of criticism on one side and praise on the other. Its getting complicated quickly. Some in israel and the israeli um far right elements saying hamas loves biden. Some people saying hamas loves biden or some saying michigan over israel a lot of credititique over ther. I dont want to weigh in on it i know whats going on i think its horrific. Its horrific. When you at the beginning know what is clear what israel had to do now one of our greatest allies and the most stable ally in that region of the world and important region of the world and were pulling the rug out from under them. I do. I agree. It goes to what we showed yesterday with that clip the great conundrum of war an to is you have to do it quickly and get in and out the politics of doing it he was making a moral argument he said all of this is questionable he