This episode breaks down a busy market day, headlined by Federal Reserve Chairman Kevin Warsh's hawkish Jackson Hole debut. His "may have work to do" inflation remarks pushed the two-year Treasury yield higher, lifted rate-hike odds, strengthened the dollar, and cooled gold and bitcoin — even as stock traders welcomed the shift. The show also covers Salesforce's record AI-driven rally, Marvell's 6% slide despite strong revenue growth, Take-Two's momentum from the Grand Theft Auto 6 trailer, the
Nvidia's blowout earnings and bullish multi-year guidance added more than $400 billion to its market value, carrying the broader market as the AI trade powered a tech rally. That AI wave spilled into software and cybersecurity, with Salesforce posting its second-best day ever, CrowdStrike hitting a record quarter, and Okta surging on surging demand for AI-driven security tools. Elsewhere, Treasury yields climbed and gold pulled back modestly as markets positioned for Fed Chair Kevin Warsh's firs
On this episode, we break down a day on Wall Street where stocks tread water as Treasury yields climbed toward five percent, while investors digested the Fed's preferred inflation gauge and awaited Nvidia's earnings. We look at the cooler-than-expected core PCE reading and what it means for the Fed's September decision, the pressure on Fed Chairman Warsh heading into Jackson Hole amid Treasury Secretary Bessent's debt strategy, and the emerging threat to Nvidia's margins from custom AI silicon l
Chip stocks led a higher close ahead of Nvidia's earnings as Treasury yields slipped and oil slid. The episode digs into the pressure on Nvidia to deliver more than a headline beat, the market impact of Treasury Secretary Bessent's bond buyback plan and its skeptics, and steep selloffs for Intuit and Dick's Sporting Goods on weak guidance. It also covers a 3% oil drop as the U.S. shifts to economic pressure on Iran, ongoing Ukrainian strikes on Russian fuel supply, and a revived "debasement trad
Stocks closed lower Monday as semiconductor weakness dragged the S&P 500 and Nasdaq ahead of a heavy week, with Nvidia's earnings, inflation data, and the Jackson Hole symposium all set to set the tone. Nvidia's charts flash a yellow light into its report, while the company says its Groq racks will come online this year. Treasury yields dipped on reports that Bessent could tap the near $1 trillion General Account to fund bond buybacks, though Wall Street firms, prediction markets, and Citadel Se
This episode covers a turbulent trading day across markets. The Treasury Department said it will at least double the cap on its long-dated bond buybacks, pulling yields back from multi-year highs and lifting stocks. Marvell shares jumped 10% after issuing a warrant letting Google buy up to $12.2 billion in stock as part of an AI chip deal. Moderna and Merck reported a late-stage success for their personalized mRNA melanoma vaccine, sending both stocks soaring. Retailers diverged: Target raised i
Long-dated U.S. Treasury yields surge to multi-year highs, with the 30-year topping 5.33% — a 19-year high — as inflation worries and a deepening global bond selloff squeeze Main Street borrowing costs. Energy stocks climb toward records as oil rises on the Trump administration's hard line in the Strait of Hormuz, with no talks scheduled with Iran and Russia's oil exports extending their slump amid Ukrainian drone strikes. Home Depot beats second-quarter estimates and holds guidance despite "fro
Wall Street pulls back from record highs as fresh data shows consumer spending softened in July, with sentiment souring on lingering inflation concerns. Soft retail sales push the dollar to its lowest since May and weigh on rate-hike bets, sending two-year yields lower while silver climbs above $65. Tariff actions target foreign-made and Chinese drone components, sparking a rally in drone stocks. Housing investors call the current market their toughest in at least three years as mortgage rates h
Markets opened higher as flat July wholesale prices eased worries about further Federal Reserve rate hikes, though Fed officials split on the inflation path ahead of Jackson Hole. Cisco slid 8% despite an earnings beat and raised guidance, while Workday posted its best day in a decade on a report that Silver Lake is in talks to buy the company. AMD is set to raise $4.75 billion in its largest-ever dollar bond sale, the U.S. 30-year auction cleared at its highest yield since 2001, and oil retreat
U.S. stocks climbed off a two-day slide after July's consumer price report came in right in line with expectations, with cooling core inflation easing pressure on the Federal Reserve ahead of its September meeting. The session was fueled by a tech rally, led by a double-digit premarket surge in CoreWeave on doubled revenue from booming AI demand. Elsewhere, Wendy's jumped to a seven-week high on a reported take-private bid from Nelson Peltz's Trian, a $42 billion auction of 10-year Treasuries cl
Tuesday's tape was dominated by crosscurrents from the Strait of Hormuz, where conflicting reports on a US-Iran deal moved oil, equities, and bonds ahead of Wednesday's July CPI release. Credit markets took comfort as Nvidia narrowed its $500 billion AI financing plan, easing credit-risk measures. The episode also covers oil climbing above $83 a barrel on Iran's conditions, the high stakes around July CPI as record bond shorts meet multi-decade long-end yields, bitcoin miner Riot Platforms surgi
US stock futures pushed to fresh records following a sharp slowdown in the latest jobs report, setting up a pivotal week with Wednesday's CPI print as the main catalyst. This episode breaks down the market-moving stories of the day: cybersecurity names CrowdStrike and Palo Alto Networks hitting records after the Black Hat conference, oil reclaiming $82 a barrel as doubts grow over a Strait of Hormuz deal and Saudi Arabia delays its Jazan restart, TSMC reporting a 45% surge in monthly sales on AI
This episode covers the day's biggest market and geopolitical moves. A weaker-than-expected July jobs report—with payrolls down 23,000 and downward revisions—still sent stocks and short-term Treasuries higher as investors bet the Fed will hold off on rate hikes. The dollar slipped to its lowest level since May, and hedge funds slashed bearish yen bets after coordinated US-Japan efforts. SpaceX shares rallied for a second straight day, closing in on their $135 IPO price, while Airbnb jumped 15% o
Markets recap as the S&P 500 hits fresh records on a broadening rally that's drawing call buyers and boosting odds on an 8,000 print in 2026. In tech, software stocks tell two stories — SoundHound and Unity rally while Datadog and HubSpot results trigger an AI-pricing selloff. AppLovin drops 17% on a Q2 revenue miss, and United Wholesale Mortgage tumbles 40% after suspending its dividend and raising capital. Commodities react to Strait of Hormuz headlines as an Iran-Oman deal nears, lifting oil
US stocks close at a record high as the Nasdaq 100 logs a rare bullish reading and the VIX behaves unusually calmly. In after-market earnings, Eli Lilly beats and raises on surging Zepbound and Mounjaro sales, while SpaceX slides 13% on surging AI spending and a looming share unlock, and AMD sinks after reporting despite a strong year-to-date run. Disney tops estimates for a second straight quarter on record theme park revenue and a strengthening streaming business, weighing a free ad-supported
U.S. stocks closed at records Tuesday, with the Dow posting its best day in nearly two months—though investor Michael Burry warns of a possible 1987-type fall. AMD's revenue jumped 50% with data center sales doubling, yet shares slipped, making its earnings a key test for the chip trade. Palantir soared 29% after blowout results. Caterpillar crushed Q2 estimates and raised its outlook, tying strength to the AI-driven data center boom. Oil tumbled after Treasury Secretary Bessent signaled a possi
0731 | Big Tech’s AI split, Fed rifts, and oil war profits
Microsoft notched the biggest single-day dollar gain in stock market history, adding $450 billion on record cloud revenue, while Apple and Amazon earnings loom. The Fed held rates steady but Chair Warsh faces sharp criticism for muddy messaging, sending long-term Treasury yields higher. US-Iran hostilities have reignited, with strikes on military and energy infrastructure driving oil gains and fueling concerns of a widening regional conflict. In IPOs, Jersey Mike's fell 6% and Reformation closed
The dollar dropped after a divided Fed held rates steady, with three dissenters voting to hike. Chair Warsh's cautious communication style is already reshaping how markets interpret policy signals, fueling bond-market volatility. Oil surged past $90 on renewed Iran hostilities, while Ford raised its outlook again on strong SUV demand. Hims & Hers sank 10% on an FTC suit over data sharing and billing. In earnings, Visa beat but announced 2,600 job cuts, P&G missed on revenue, and Humana held guid
Tech stocks took a beating as the Nasdaq 100 neared correction territory, driven by a deepening semiconductor selloff sparked by Alphabet's earnings. Amazon, Meta, and Microsoft face skeptical investors this week. New Fed chair Kevin Warsh is expected to hold rates steady with the Iran war adding tension. Boeing posted a wider-than-expected loss on Air Force One charges, while UPS beat and raised guidance and Coca-Cola hiked its forecast. SpaceX's valuation crater continued — now down the equiva
