Hello and welcome to Morning Brief Market Sunrise. I'm Raman Carmali live from Yahoo Finances Studios in London. It's Monday 24th November.Coming up on the show, markets are now more confident of a rate cut next month. I'll explain why. Amid a tricky time for AI, China is adding to the pressure for US AI giants.and why are European defense stocks falling. So, grab your coffee and let's own the morning. The first thing you need to know is that the Fed rate cut hopes are rising. According to the CME Fed watch ...

New Glenn Rocket & Mission Success - Blue Origin's New Glenn rocket successfully completed its second test flight, including a landing on the drone ship "Jaclyn" approximately 375 miles (603.5 kilometers) offshore [1] - The New Glenn rocket successfully sent NASA's escapade mission to Mars, an 11-month journey [1] - The rocket is over 320 feet (97.5 meters) tall and generates millions of pounds of thrust [3] - Blue Origin became the first commercial company to land an orbital class booster on its second attempt [3] Future Plans & Vision - Blue Origin plans to send the largest lander ever to the moon early next year [10][21] - The company aims to build infrastructure in space to move heavy industry off Earth [11] - Blue Origin envisions building data centers in space within the next 5-10 years, powered by solar energy [11][12] - The company has a large backlog of customers and is focused on ramping up production to meet the high demand for launches [18][19] CEO Insights & Strategy - Manufacturing expertise is crucial for Blue Origin, focusing on becoming the world's best manufacturing company [17] - Jeff Bezos is described as tactically impatient but strategically patient, with a long-term vision [22][23] - Jeff Bezos is also described as intensely curious, driving deep dives into ideas and becoming an expert [24]

Macroeconomic Trends & Policy Implications - The future lies in understanding distribution tails, not averages, indicating a shift from unifying themes like globalization to a world of fragmentation [1][2] - Policy makers should recognize the multimodal world and focus on the impact of events at the distribution tails [1][2] - The US needs to maximize the potential of its workforce by equipping people with the necessary tools to compete globally [11] Impact of AI and Skills Development - The job market is shifting, requiring "whole brain" skills that combine creative thinking, ecosystem understanding, and emotional intelligence (EQ) [3][5] - AI can automate data processing, freeing up individuals to focus on human aspects like problem-solving and relationship building, leading to increased productivity [5][7] - Equipping students from K-12 through higher education with AI-centric skills is crucial for embracing the new work paradigm [13] Diversity, Equity, and Inclusion (DEI) - The business case for DEI remains strong, with diverse thought leading to lower risk and higher returns [9] - Companies should continue to hire the best people and enable them to be effective, embracing the resources available [9] - Actualizing every able-bodied American to participate in the economy is essential for creating GDP and expanding job access [18] Business Strategy & Leadership - Government shutdowns and geopolitical uncertainty can freeze economic growth and negatively impact business [24][26] - Leaders should know what they stand for and maintain their values, especially during crises [44] - Building resilience in volatile industries requires preparing for crises during times of prosperity [44] Airline Industry & Customer Experience - Delta is investing over $1 billion to provide free Wi-Fi at scale, enhancing the customer experience [31] - Delta is redesigning seats and increasing the premium category on international flights to 50% [33][34] - AI will influence the process of pricing tickets by making it more efficient and agile, but not on an individual basis [39][41]

Asset Allocation Trends - Tiger 21 members favor private equity, allocating 30% of their assets [2] - Public equity accounts for 23% and real estate for 26% of members' portfolios [3] - Crypto holdings have doubled in the last year, now representing 2% of total assets, equating to $5 billion [3] - Hedge fund allocations have decreased from 6-7% to 2%, due to underperformance compared to index funds [6] - Fixed income allocations remain low [7] Investment Strategy & Philosophy - Members are shifting towards smaller midcap private equity funds and direct investments [8] - They prefer being actively involved in companies, seeking board positions to address problems early [9] - The group emphasizes long-term investments, not short-term market fluctuations [13][14] - Members are exploring investment opportunities in AI infrastructure, including chip manufacturers and energy providers [14][15] Membership & Wealth Creation - The average age of Tiger 21 members has decreased from 59 to 51, indicating faster wealth creation [15] - Members are primarily entrepreneurs who have experienced a liquidity event [10] - The focus shifts from wealth creation to wealth preservation after achieving significant wealth [10][11] - Building wealth through basic, steady businesses like franchises is highlighted as a lower-risk approach [18][19]

And last week's selloff aside, the world's biggest tech companies, of course, often called the Magnificent 7, are the locomotive that's been powering the markets. And to some people, they're here to stay. But our next guest is not so fast.Market history tells us that big dogs rarely stay on top. Joining me at the desk, Rob Arnot, research affiliates, founder and chairman of the board. Good to see you, Rob.>> How are you. Good to see you. >> So, that is a bit of a different question than the bubble question ...

Market Perspective - The AI sector is not experiencing a bubble burst, and waiting for it may lead to missed investment opportunities [1] - Strategic partnerships are forming within the AI landscape [1] Investment Strategy - The risk lies more in companies underspending or not spending on AI, rather than overspending [2] - High valuations exist within certain AI companies [2]

Market Performance & Technical Analysis - The S&P 500 broke through its 50-day moving average, the first close below it since before May 1st [2][3] - The technology sector (XLK) also closed relatively close to, but underneath, its 50-day moving average [3] - The Philly Semiconductor Index (SOX) penetrated its 50-day moving average intraday but closed above it [4] - Sector rotation is considered the lifeblood of the market, with healthcare (XLV) up 9% since the beginning of the quarter [7][8] - Communication services, materials, discretionary, and financials sectors are underperforming [9] Cryptocurrency Market - Bitcoin is down 17% quarter-to-date and 2% over the trailing 24 hours [10] - Bitcoin has broken several support levels and is threatening $90,000 [11] - Ethereum is down 21%, and Solana is down 28% over the last month [12] US Dollar - The US dollar index has been in rally mode for the last few months but is still in the bottom end of a trading range year-to-date [13] - Upside for the dollar is limited, with 96 being a level to watch on the downside [14]

Names like Nvidia and Microsoft have climbed some 40 and 50%. So investors 401ks may be rising, but our next guest says that might be in contrast to their sentiment. Wall Street Journal chief economics commentator Greg Gip writes in a column today that AI is ushering in the most joyless tech revolution ever.And he's joining me right now. Greg, it's great to see you. Um, this has been something I've been trying to ask investors about that.Yeah, your portfolio is going like gang busters, but if you talk to pe ...

Cost of Living Crisis - The focus of the campaign is on the cost of living crisis, particularly in New York City [1] - Voters who supported both the president and President Trump expressed concerns about the cost of living [1][2] - Specific cost of living concerns include groceries, rent, Con Edison (utilities), and child care [1] Affordability Agenda - There is a focus on delivering for New Yorkers in partnership with the president on an affordability agenda [2] - Efforts are needed to address Con Edison prices, particularly in relation to fuel prices [2][3] - Fuel prices have decreased, but this decrease has not been reflected in Con Edison prices [3]

Do you see crypto as sort of a leading risk appetite signal or do you see it more as lagging where it kind of depends >> at least in this cycle and this pullback it was certainly leadership Nvidia and and the rest of the selling pressure in the broader market took place after that. So it was a warning and it also aligns with some of the positioning in the retail space. They started to derisk over the last few months in the positioning data that we look at.You have a jittery crypto market because of concerns ...