Listen and subscribe to Stocks In Translation on Apple Podcasts, Spotify, or wherever you find your favorite podcast. In this episode of Stocks in Translation, Kai Wu joins hosts Jared Blikre and Myles Udland to dive into whether the AI boom is crossing into bubble territory and how investors should navigate a market dominated by hyperscaler mega-spending. Wu also breaks down capital cycles, intangible assets, and the new era of debt-fueled AI infrastructure shaping the future of big tech. Twice a week, Sto ...

I'm wondering if you've given any thought to what you want your legacy to be. >> My legacy. I My thought [clears throat] is that I really want to turn this job over to whoever replaces me with the economy in really good shape.That's what I want to do. I want I want inflation to be under control coming back down to 2% and I want the labor market to be strong. That's what I want.And uh all of my efforts are to to get to that place. they have been all along. But ultimately that's that's what and it's you know ...

Fed decision day in America. In your view, what does getting policy right look like. >> I don't know if there's a right answer here.Um, you know, internally at Apollo, we do not think there's a need for a cut. There's nothing in the data that tells us, but at the same time, I understand the decision. But longer term, I'm not sure it really matters.I mean, if you think about what's happening, the market is ultimately determining the outcome. We have governments around the world who are borrowing record amoun ...

spending on data centers and related to AI has been holding up business investment. So overall um the the baseline expectation for next year is at least at at the Fed and I think with with outside forecasters too is a pickup in growth from today's relatively low level of level of 1.7%. for a few reasons.Fiscal policy is going to be supportive and as I mentioned AI spending will continue, the consumer continues to spend. So it looks like uh the baseline would be solid growth next year. >> What is going on in ...

[music] Hello and welcome to Asking for a Trend. I'm Josh Lipton. A big day in finance.The Fed makes its rate cut decision. [music] Plus, investors digest a slew of big tech earnings. There's a lot to keep track of, so we're focusing on what you need to know [music] to get ahead of the curve.The Federal Reserve delivering a rate cut in markets like the commentary from Fed Chair Jerome Pal. The S&P 500 [music] closing near all-time highs. We've got the takeaways from the trading day.Plus, a closer look at th ...

Market Trends & Dynamics - The Dow Jones Industrial Average closed up approximately 500 points, representing a 1% increase [2] - The NASDAQ Composite experienced a rise of three-tenths of a percent, recovering from earlier losses [2] - The S&P 500 is just slightly below its all-time high from October [2] - Optimism is prevalent in the market, with potential for the S&P 500 to reach 8,000 points if the Federal Reserve continues easing [11] - Interactive Brokers anticipates a Santa Claus rally, potentially pushing the S&P 500 past the 7,000 milestone [12] Interest Rates & Monetary Policy - The 10-year Treasury note is at 416%, up by approximately two basis points, and the 30-year Treasury note is at 488% [3] - The Federal Reserve's decision to cut interest rates by a quarter point led to rhetoric suggesting a cautious approach [6][7] - The market has already priced in expectations of another rate cut [44] - Apollo internally believes there is no need for a rate cut based on current data [41] Company Performance & Earnings (Oracle & Adobe) - Oracle's Q2 adjusted EPS beat expectations at $226 versus a consensus of $164, but revenue was slightly below estimates at $1606 billion versus $1621 billion [13] - Oracle's Q2 cloud revenue was $8 billion, slightly below the street estimate of $804 billion, while cloud infrastructure revenue was $41 billion, exceeding the estimate of $409 billion [14] - Oracle's remaining performance obligations (RPOs) grew sequentially by $68 billion to $523 billion, indicating new commitments from Meta, Nvidia, and others [19] - Adobe's Q4 adjusted EPS was $550, surpassing the street estimate of $539, and revenue reached $619 billion, exceeding the estimate of $611 billion [36] AI & Data Centers - Oracle executives had previously convinced the street they were an AI winner, but concerns arose regarding customer concentration risk with OpenAI and debt risk related to data center buildout [16] - The demand for data centers is strong, but the return on equity is a function of renewal, with uncertainty surrounding energy usage and technology [56][57] - Concerns exist regarding the debt levels of some tech companies funding their AI ambitions, particularly for intermediaries who are large owners of data capacity [60][61] Private Markets & Credit - Much of the financial press focuses on levered lending when discussing private credit, but most private credit is investment grade [48] - Investors are using levered lending to reduce risk, moving money out of equity or high-yield bonds [51] - Defaults in well-underwritten credit usually have strong recoveries and are not necessarily a sign of something wrong in the economy [54]

Market Domination hosts Josh Lipton and Julie Hyman cover the latest headlines and interest rate decisions out from the Federal Reserve on December 10, 2025. Yahoo Finance senior Fed reporter Jennifer Schonberger comes on the program to break down the US central bank officials' decision to cut rates by 25 basis points at their December FOMC meeting, followed by a press conference with Fed Chair Jerome Powell after the announcement. Former Federal Reserve Bank of Kansas City president Esther George and Nomur ...

We made a decision today. We had, you know, nine out of 12 supported it. So, fairly broad support, but it's not like the nor normal situation where everyone agrees on the direction and what and what to do.Our two goals are a bit in tension. It's very unusual to have persistent tension between the two parts of the mandate. And when you do, this is what you see.Everyone around the table at the FOMC agrees that inflation is too high and that we want it to come down and agrees that the labor market has softened ...

And I want to see if I could address sort of the elephant in the room. [clears throat] The president's been talking openly about um a new Fed chairman. Does that hinder your current job right now or change your thinking at all.No. ...

Economic Growth & Forecast - Broadly, outside forecasts indicate a pickup in growth [1] - The baseline expectation is a growth pickup from the current 1.7% [2] - The SEP median growth is 1.7% for the current year and 2.3% for the next year [2] - Adjusting for shutdown impact, growth would be 1.9% and 2.1% respectively [2] - Solid growth is expected next year [3] Key Drivers - Resilient consumer spending is a contributing factor [1][3] - AI spending on data centers is supporting business investment [1][3] - Fiscal policy is expected to be supportive [2]