The most who are concerned about the up side risk a number were two sided and we learned for the first time in these minutes that couple participants, just people at the table there among the Bank President s, wanted to keep the rates unchanged so that they were not in favor of they were not voters apparently or if they were, they didnt vote what they said their concern was, wanting to keep rating unchanged. Going to on give you some positive comments and ill offset those with negative or hawkish comments on the dovish side, some saw signs that inflation could be softening. Continuing signs of supply and demand in labor coming into better balance tighter financial conditions were expected to slow consumption and gradual slowing appeared to be in progress in the economy. That was back when they met in july however, that has not been the case here are some of the negative hawkish comments they said real gdp demonstrated resilience that has been the case over the intervening period and th
Cloud revenue is pressuring the stock. Top gainer on the s p. It is the rise of generative ai. A wider than expected stop. Lets get to the tech giants in the battle over ai. Despite the top and bottom line, the low consensus, they are optimizing their spend. When i first got in the business, there were grants that i thought should be terrible. It never rained on the target site. David, they were not optimizing. Is because they are ai offerings. I want to make sure that i understand it as well. There are services that they want to spend more. Google and amazon are happy to say that the threeyear deal, paid over the 40s. It is bring the Growth Numbers on for me. There is some skepticism about the growth of azure. Azure is a great juggernaut of this moment. They are the called pilot of infinity. It is used to help you be more productive. You feel like you are firing people, it the opposite. It is more money being made so you can hire more people and be better. David, some of the worst sha
Plus were also watching jamie dimon. He called out Central Banks saying theyve been, quote, 100 dead wrong. Were keeping an eye on chip stocks, nvidia and amd planning to launch an armed pc chip in 2025. Lets begin with the markets and the industrial earnings parade. Jim, i was trying to think which one of these would interest you the most. Im guessing ge. And it is. What happens is larry culp finished the wind and lets say power business much better than i thought. Therefore, the spinoff will look good. Theres always been concern that that business would be a dud. There was never, ever going to be a growth business. Instead, it seems like it will be the esg business of choice for people. David, anyone who thought lets say the long on money short on time travel situation is over and thinks there is a great aircraft demand, wrong. Ge and rtx proved that the demand for planes is probably as great a secular story out there. Free cash flow as well, they say is going to tend. This is the qu
Good morning. John and tom have ditched me. Manus cranny is with us, which is a good thing as we try to understand how we can get past a bond market that will not let anything else matter. I want to talk about earnings and geopolitics and everything else. Instead, we are talking about a 19 basis point swing in the 10 year. All of a sudden, crashing down. Manus to bill ackman and bill gross have that much sway in the bond market . The bottom line is, that huge amount of volatility, the one thing that surprised me was why did the equity market it more of a bid on the back of a swaggering move . Was it reappraisal a bond risk . Lisa probably just ptsd. Last month and a half as chest impacted the equity market from the bond market. Hi they to stocks, low bit is tosca manoj offensive strategy when the bond market is moving this quickly because the defense stocks tend to be more bond sensitive and debt ridden. The Equity Investor doesnt know where to turn. Frankly one day is one day in the e
Thank you so much, sir, appreciate it. Good afternoon, everyone. Im Ashley Webster in for liz claman. Were seeing green across the screen. All the major indexes moving higher as you can see, but we are off session highs. And when you look at the intraday chart, you can see that all three indices spiking up right around 1 p. M. There you go, you can see that moving on up less than an hour after House Republicans voted in a closed door meeting to elect republican majority whip tom emmer as their nominee for speaker of the house. Now, the nomination has a long way to go though, he needs the votes. And well start with a vote on the house floor. Fox news senior Congressional Correspondent chad pergram is live on capitol hill this afternoon. Chad, whats the timetable from here . Reporter well, theres no timetable right now because tom emmer is in this room right behind me listening to his opponents. He won this race against mike johnson, got 117 votes, mike johnson 97, but that is a far cry