Interest Rate & Monetary Policy - The Federal Reserve is cutting the federal funds rate by 25 basis points [1] - Cutting interest rates tends to make prices rise faster [3] - Inflation remains above the Fed's target rate of 2% [3] Economic Impact - Loans are about to get cheaper in the United States, affecting mortgages, auto loans, and savings accounts [1] - The Fed's easing cycle could widen the generational wealth gap [2] - Younger Americans who depend more on wages and capital gains may not benefit as much from the rate cut [2]

Hey there, Morgan. So, we got shares moving three and a half% higher in the after hours. Now, with EPS, uh, Alphabet reporting a gap EPS number here of 287.That's not comparable to analyst estimates due to a onetime three.5 billion charge that they got from the European Commission. That's related to distorting competition in the adtech market. Now, revenue, that's a big beat here, 102.35% billion.The street was expecting to see 99.89% billion. I've also got a cloud revenue for number for you for Q3. That's ...

Meta's AI Strategy & Challenges - Meta's advertising results are impressive, but the focus is on Mark Zuckerberg's AI vision, given billions of dollars invested in talent and multiple reorganizations of the AI division [1] - Meta faces an existential threat if users prefer chatbots over human interaction on social media platforms, requiring a clear direction from Zuckerberg [2] - Continued ad engagement is crucial, measured by increasing price per ad, increased impressions, and increased time spent, indicating AI investments are yielding results [3] User Engagement & Market Reach - Expectations are for daily active users to increase by 6% [3] - Meta has access to 75% of the world's internet users outside of China, with 35 亿 (3.5 billion) active users out of 45 亿 (4.5 billion) people with internet access [4] Google's Performance & Competition - Google is quieting the narrative around search disruption and proving Google Cloud is gaining market share [5] - Search revenues are expected to rise 11% year-on-year, up 9% from Q1, matching the prior quarter, illustrating resilience against AI competition like ChatGPT [6] - Cloud expectations are for 30% revenue growth year-on-year, an 8% sequential increase, suggesting Google is gaining momentum in AI compute and model access [6] Market Dynamics & Growth - Results from these large tech companies are imperative for new market highs, given their size in the indices [8] - A bull market in the MAG 7 is a prerequisite for an overall bull market, but the question is whether supernormal growth can continue amid stiffer competition [9]

Double Line Capital founder and CEO Jeffrey Gunllock on this incredibly important day in the markets. Jeffrey, it is only fitting that you are here with us yet again. Welcome back.>> Thanks, Scott. Thanks for having me back again. I think this is our 38th time after Fed Day or 39th.I'm starting to lose count. >> All right. Well, I'm glad we have continu continued the the tradition.I really hit on that uh at the top. December is not a foregone conclusion. Far from it.Um, Chair Pal went out of his way. >> Yea ...

significant number of companies either announcing that they are not going to be doing much hiring or actually doing layoffs and me much of the time they're talking about AI and what it can do. So we're watching that very carefully in and you know yes it could absolutely have implications for job creation. ...

When it comes to the tilt of jobs versus the Fed's mandate on inflation and price stability, which do you think it should tilt more towards given what we've seen so far. >> Well, look, one of the very rare things would be to cut rates when you have 3% inflation or slightly under 3% wherever the number is. We always want to keep uh 1% real rate.So, this may be as far as you can push it right now. And maybe that's what the Kansas City Fed uh is concerned about. We'll have to see when we get a better briefing ...

But if this shutdown lasts a while longer and you don't have that data in hand, I I'm just wondering how that hinders the committee's ability to assess the state of the labor market and make the right policy decisions and and also how much is that factoring to the into the debate about December. >> Yeah. So, you know, we'll we get we get like I mentioned what we get in the labor area. We get some data in the in inflation, some data in economic activity.Um and we'll get we'll have a picture of what's going o ...

We need to get over to Fifth Avenue because Apple's iPhone 17 going on sale today. And uh what is happening at the flagship store right now. Jim Kramer is there with one special man named Tim Cook.Good morning. >> Oh my god. >> Tim reminds me I should have an iPad.Andrew, thank you so much. I love the Kevin Durant stuff by the way. Big fave of mine.But we are really at at central at ground for the new phones. Different vibe. What's it feel like.Three different players. Oh, it it feels so exciting. It's our ...

Hi, Victoria Guida from Politico. Um, on AI, I'm just wondering, you know, it seems like a lot of the economic growth that we've been seeing is fed by investments in AI. So, how worried are you about what a sudden contraction in tech investment would mean for the overall economy.Is there enough strength in other sectors. And um, specifically, are there are there any lessons that you take from the 1990s in in how you might uh approach what's happening right now. Yeah, this is this is different um in the sens ...

Higher tariffs are pushing up prices in some categories of goods, resulting in higher overall inflation. A reasonable base case is that the effects on inflation will be relatively short-lived, a one-time shift in the price level. But it is also possible that the inflationary effects could instead be more persistent.And that is a risk to be assessed and managed. Our obligation is to ensure that a one-time increase in the price level does not become an ongoing inflation problem. In the near term, risks to inf ...