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Meme stocks are back to shaking up the market, with GameStop shares up 60% Tuesday (adding some $12B in market value this month) and AMC Entertainment shares up 32% (adding $2B in value).
The man who kicked off the "meme stock" trend in 2021, Keith Gill, set the market in motion just by pushing out
The U.S. Department of Labor reported Friday the U.S. economy added 187,000 jobs in August, driven by a burst of hiring in health care and leisure and hospitality.
getting wrecked right now again off of interest rates going to this high. citi group is back to the lows where it was when silicon valley debacle hit. these are things i'm watching closely. i really do believe it's on which way interest rates are going and if the ten-year yield start going 4 1/2 or higher, that's the fed probably having to adjust even higher than they think on their end. >> neil: right. the interpretation could be to your point, the fed will realize, if things are percolating, we have to keep hiking. we can't afford to pause. next month is a meeting that that write previously considering doing that. thanks, gary. good seeing you. >> thanks. >> neil: the power rankings are out here at fox. they're very revealing. you know the guy running away with it, the former president. there's another guy that you probably wouldn't have expected. he's surging big time after this.
will hold firm, especially through the election season. she tells fox we're confident this will succeed in the courts and nothing that prevents medicare from negotiating lower drug prices. that is one piece we'll continue to follow. >> neil: thanks, jacqui. go to gary kaltbaum, brilliant market watcher that knows a thing or two about birthdays. he's had a few, a young man. this one-year anniversary we're celebrating on the inflation reduction act didn't reduce inflation. i have a feeling the federal reserve and all the rate hikes did or at least got it down a little bit more. it would be a first for government spending to bring inflation down. what did you think? >> yeah, it was also the stopping of printing money that helped bring it down. neil, there is no better arbiter of inflation than the bond market itself. the ten-year yield is a touching a yearly high while inflation comes down. it's at a 15-year high right
Nikola Tesla, the inventor who pioneered a new form of electric current, was born on this day in history, July 10, 1856, in modern-day Croatia. He went on to acquire nearly 300 patents.