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Story of the day, congressional testimony from j powell. The fed chair j powell maintains the economy is in good shape, labor market is strong with inflation coming down but the fed needs more evidence on inflation coming down before cutting interest. How much evidence . Maybe is not as much as we previously thought. More evidence that ill give us more confidence that inflation is on a path down o 2 sustainably. Not looking for better readings then we have had, but more of them and what will happen is as we go forward, 12 months will continue to drop. Because it will be lower than early last y...

Ai. That conversation later. We will push ahead to the earnings out after the bell. Broadcom the latest company to test if this ai rally is a reality. The eus Digital Markets act takes hold today. We will break down the epic battles already raging for apple. Lets check out this market rally we are seeing and ai drives it. We see the mood music trying to decipher the rate of travel for the fed. The nasdaq currently powering on higher. Big test gets the lift. The euro actually higher versus the dollar. The dollar moving as we anticipate rate cuts. Dovish tones seemingly being interpreted from ja...

Difficulty of hitting it. They need to hit it if you are tesla or apple. Lets begin with apple. This from counterpoint research. Iphone sales in china following 24 . Lisa how much it this weakness in china and how much is this the nationalism around huawei and going away from apple phones . These are the Big Questions from apple and tesla. How much is this is endemic of an economy that is slowing. Jonathan lets go through these numbers from tesla. Tesla had a difficult session. The numbers from the china Passenger Car association, shipments out of the shanghai factory down 6 month on month and...

The rally itself to resuming, but weakening into the final stretch, all following yesterdays steep selloff, perhaps on continued hopes today and expectations of rate cut sometime later this year. We are going to bring in our experts on all of that in just a moment. Let me show you the major outages. We have been green all day but weakening as we enter the final stretch. We are Still Holding on, but the dow is only good for about 15 points. Nasdaq has been the out performer. Cut those gains in half, the mega stocks, many of them bouncing back. Nvidia is still positive moving toward 900 a share....

Ignite, enacted a 2,000,000,000,000 tax cut when he was president overwhelmingly benefited the very wealthy. An exploded the federal deficit exploded. We cut the deficit and we added more to the National Debt than any president in his term. And all of history. And under donald trump these guys talk about, oh too many corporations raise their prices and pad their profits charging you more and more for less and less. Thats what were cracking down on. Corporation is engaged in Price Gouging and deceptive pricing looks Like Companies that you wouldnt notice. They thought you would notice, but, you...