You say we're on hold, but does that also include December. Because that's not what Stuart Pohl just told us. He thought maybe making for a smooth transition to the next Fed chair would call for maybe a cut.Absolutely. And good morning. No high conviction here that they go ahead and December.I thought the whole hawkish narrative from the Fed a week or two ago was a little bit silly given the situation that we're witnessing in the labour market figures, whilst they argue that they're kind of flying blind abo ...

So, buddy, it'll be the first real test of the systems, the aerospace systems. And I guess, you know, the shortage of air traffic controllers and whether there is still a shortage since the shutdown. How are we looking.So it will be a big test really for everyone involved, from politicians to the travelling public and their patients and also the system itself. The US aviation system has been under considerable strain, particularly in the last couple of weeks. We had the government shut down.That meant that ...

NVIDIA's Dominance in the AI Revolution - Wedbush analyst Dan Ives views NVIDIA as the "indisputable Rocky Balboa champion of the AI revolution" [1] - NVIDIA's demand to supply ratio for its chips is 12 to 1 [3][5] - NVIDIA is considered to be four years ahead of its competitors, including Huawei, in the AI chip market [5] - The U S is ahead of China in tech for the first time in 30 years [11] Market Opportunities and Spending - The AI market is estimated to have a second, third, and fourth derivative spending of $3 trillion to $4 trillion [6] - AI spending is expected to generate $12 to $20 in revenue for every dollar spent [9] - The AI market is compared to a 1996 moment, not a 1999 tech bubble [6] Competition and Partnerships - Big Tech companies are pursuing vertical integration by developing their own chips [4][5] - Apple will likely partner with Google's Gemini for AI [10][11] - The enterprise AI adoption rate is currently at 3% in the U S, with growth expected in Asia [7] NVIDIA's Stock and Future Outlook - Any dip in NVIDIA's stock is considered an incredible buying opportunity [11] - The AI revolution is fueled by NVIDIA, with a potential market capitalization of $5 trillion to $6 trillion [12]

Data coming in the latest jobless claims. Let's go over to Bloomberg's Mike McCarthy who has the numbers Mike. Well, no help for the we need to cut immediately crowd at the Federal Reserve.Jobless claims come in at 216,000 after revised 222 the prior week suggesting we're still in that low, higher but very low fire environment. We're not seeing people being added to the unemployment rolls at a high rate at all. Fact, they're going out on a continuing claims basis, 1,960,000, that's up slightly from 1,953,00 ...

Madam Deputy Speaker, it is my understanding that the Office of Budget Responsibilities, Economic and Financial Outlook was released on their websites before this statement. This is deeply disappointing and a serious error on their part. The Office.The Office for Budget Responsibility have already made a statement taking full responsibility for their breach. Someone who has invested £1,000 a year in an average stocks and shares ISA every year since 1999 would be £50,000 better off today if it put that same ...

A deadly fire has engulfed an eight-tower high-rise complex in Hong Kong, killing at least 13 people — with firefighters racing to rescue residents from the blaze. -------- More on Bloomberg Television and Markets Like this video? Subscribe and turn on notifications so you don't miss any videos from Bloomberg Markets & Finance: https://tinyurl.com/ysu5b8a9 Visit http://www.bloomberg.com for business news & analysis, up-to-the-minute market data, features, profiles and more. Connect with Bloomberg Television ...

A further reduction in the policy rate at the December meeting is not a foregone conclusion. Far from it. >> At the October 29th FOMC meeting, Fed Chair Jerome Powell made comments that convinced the market that a December rate cut was no longer a done deal.Powell noted that the absence of reliable data, created high uncertainty, and suggested the situation may favor caution when it comes to further eases. The futures markets believed him. Odds for a December rate cut plunged from over 90% to below 50% in t ...

A major fire has engulfed an eight-tower high-rise complex in Hong Kong, killing at least four people — with firefighters racing to rescue residents from the blaze https://t.co/1l1r8FYYvl ...

Well, I'm of the view that the nominal neutral rate. Is no harden 3%. So I'm of the view that the Fed has no business being almost 100 basis points above neutral when you consider the trend in underlying inflation, which has been gradually to the downside but is on the downside and the unemployment rate.No, keep in mind we always talk about how inflation is still above the Fed's target. The Fed has a dual mandate and the unemployment rate is just a snake. Now to the second decimal place below four and a hal ...

Chancellor of the Exchequer Rachel Reeves, has been able to expand her fiscal buffer to £22 billion. This is according to an early release of the Office for Budget Responsibilities forecasts. That compares to expectations of £15 billion.So this number was much better than anticipated. It sent yields down when it initially hit the Bloomberg terminal at just some minutes ago. The document appears to be what it is genuine.It was published in error, though, by the OBR ahead of the expected release, which is usu ...