because we have a news alert on Open AI. Mackenzie Sagalis has the details. Mac, what do we know.Hey, Courtney. So, Bloomberg is reporting that OpenAI staffers are preparing to sell about $6 billion worth of stock in a secondary share sale that would value the company at roughly $500 billion. Now, Thrive Capital is expected to lead that deal.I spoke with a source close to the process who said that figure is directionally accurate, but the final total will depend on how much current and former employees ulti ...

Economic Outlook - The economy is potentially transitioning from a summer slowdown into an acceleration phase, supported by encouraging retail sales data [3][4] - Labor market weakness is contributing to the likelihood of a Federal Reserve rate cut [3] - An improved economic environment could lead to stock market gains [4] Monetary Policy - The market anticipates potential rate cuts, with some speculating up to 50 basis points [6][8] - The Federal Reserve may consider a 50 basis point rate cut as an "insurance" against a weakening labor market [8] - The Federal Reserve's balance sheet runoff, particularly the $35 billion per month in MBS runoff, is exerting subtle tightening pressure on financial conditions [10][11] - Ending the balance sheet runoff could alleviate pressure on the mortgage market [12][13] Investment Opportunities - Materials, staples, and energy sectors, which have underperformed in the recent rally, present attractive investment opportunities [15] - Electric equipment and AI power sectors have outperformed since April 8th [15]

Market Overview & Influences - Market experienced a relatively quiet day with macroeconomic influences at play [1] - August to October is typically a weak seasonal period for the overall markets, but a potential rate cut by the Fed could change this historic trend [3][4] - Anticipation of a 25 basis point (0.25%) rate cut in September is expected to keep a tailwind in the market [4] UnitedHealth Group (UNH) Analysis - UnitedHealth's performance significantly impacted the Dow, affecting it by approximately 180 points [2] - Berkshire Hathaway's investment in UNH is viewed as a long-term value play, despite short-term issues like rising medical utilization costs and DOJ investigations [7][8][9] - UNH's potential to generate $25 billion in free cash flow against a roughly $300 billion valuation suggests it's trading at a cheap valuation, comparable to levels during the GFC [11] - Options activity in UNH is substantial, with calls representing over 2% of all options flow, indicating speculative bullish sentiment [13] Investment Strategies & Considerations - 13F filings are backward-looking, but can still influence investor behavior [2][5] - Short-term trading in UNH is not recommended, but long-term investors may find value [9] - Key uncertainties for UNH include ongoing investigations [11]

It's been a rough few days for Cava stock. Shares nosedive this week after the restaurant chain lowered its fullear forecast for same store sales growth and reported second quarter revenue that fell short of estimates. Shares fell 18% this week and the stocks down nearly 40% this year.Cava managed to buck the industry trend of declining same store sales in Q2, but not nearly up to the amount it wanted. Same store sales, which is a metric that tracks the performance of restaurants that have been open for at ...

But joining us now is Anisha Sherman of Bernstein. She has a buy rating on the stock. Anisha, it's great to have you here and let's start right there.Do you buy Tapestry here. And if so, why. >> Yeah.So, I was surprised at the magnitude of the reaction. Um, you know, look, the the stock was priced for perfection. It had been up 74% year-to date up to that point and the guidance was a little bit low.So, I did expect a bit of a pullback, but the magnitude of pullback was surprising because the reason the guid ...

Market Performance & Sentiment - The market absorbed negative news well and continued to rally, which was impressive and surprising [2][3] - Managed care was likely the most hated group in the entire market, and healthcare in general is out of favor [4][5] - A sentiment shift in healthcare is possible, but it remains to be seen if it continues [5] Geopolitics - The market continues to shrug off geopolitics [6] - A wholesale ceasefire is unlikely, and a partial ceasefire is possible [7] - Aggressive secondary sanctions on China, large buyers of Russian oil, would be a real big negative, but are unlikely [8][9] Federal Reserve & Economic Outlook - Powell's speech will be most important next week [9][10] - The Fed is at a critical and difficult time [10] - July's jobs report was disappointing, while inflation numbers point to upside pressure [10] - Powell will likely sound dovish acknowledging the jobs report, but also acknowledge inflation numbers, indicating an uncertain outlook [11] - A rate cut in September is likely, but what happens beyond that is uncertain [11]

And we're turning now to China. The Shanghai Composite hitting highs today, not seen since 2021. And it was one of the best weeks of the year for the Chinese blue chip index, the CSI 300.At the same time, this week's 13F filings, showing a broad pullback in Chinese equities from the biggest hedge funds, at least here in the US, including Bridgewater, completely exiting its US listed Chinese holdings. So, should you be allocating cash there. Well, joining me right here on set is Benite Cathari, founder of he ...

historic handshake between presidents Putin uh and Trump in Alaska today. This is the first time a Russian leader has ever been in Alaska. Remember, the state was sold to the US by the Russian government back in 1867.$7.2% million price. Not a bad real estate deal. It was derided at the time.Maybe it's paid off over time. Uh then we saw uh this motorcade. Uh an interesting moment here where Putin uh gets in President Trump's car, the beast, uh and you see the the two leaders uh riding side by side in the sa ...

And this week's economic reports haven't made it easy to decipher the state of the economy. This morning's retail sales showed consumers kept spending in July, but consumer sentiment for the month month dropped to its lowest level since May. These reports come after yesterday. We saw wholesale prices rising far more than expected, but CPI was lighter than expectations, at least on the top line. Joining us now is Gene Sperling, former director of the National Economic Council under President Obama and Presid ...

Well, let's get reaction to this historic meeting between Trump and Putin. Joining us now in an exclusive interview is Mark Esper, former defense secretary. Uh, Secretary Esper, it's great to have you back on the show.Welcome. >> Great to be back, Morgan. Thank you.>> So, let's start right there because this is Putin's first time in Alaska. It's also his first time in American soil since 2015. What is the significance of this meeting and the expectations that we should have here.Well, the world's holding it ...