I think the chair said something interesting yesterday. >> I was surprised that he said it because actually a lot of the inflation is in the services side of the economy and you know his super core which is wage induced services inflation is higher than the inflation rate. So I was surprised.>> So let's let's go back to the things we've been talking about. If companies were taking the tariffs and passing them through immediately which is historically the way economists and people would model tariffs they wo ...

at Post9. It's great to have you back, Joyce. Good to see you on the Fed.We were just talking off camera the u the view the number of dot participants who see downside to GDP, that number is down to eight. That's that's been that's a pretty nice view of how constructive 26 may be. >> Well, it's not just 26.If you look to 20 28, you know, because they have you revised the forecast. So, you're looking at like 8/10en of a point higher in growth. So, it seems signal.I think the market is looking at this and say ...

Let's bring in Mackenzie Sagalis with her her take on that. Mackenzie followed up asking about competition as well and and he definitely said that they're dominant in consumer but acknowledge the competition in enterprise. >> Yeah.So Sarah turning Sora into a Disney playground is really about open AI chasing mass appeal to your point rather than doubling down on frontier research. Sam Alman. He has been making the rounds this week from late night with Jimmy Fallon to our air this morning trying to sell the ...

>> ALL RIGHT WE'RE BACK. WE DO HAVE A TRADE ALERT STEPHANIE LINK JOINING US NOW. SO THIS KIND OF SURPRISED ME.ALTHOUGH MAYBE I SHOULDN'T HAVE BEEN BASED ON WHAT SOME OTHERS ARE DOING LATELY WITH UBER. SO YOU SOLD IT OKAY JOE SOLD IT YESTERDAY. BRYNN SOLD IT LAST MONTH.TELL ME WHY YOU DID THAT. AND THEN I HAVE OWNERSHIP HERE. I WILL FIGHT ABOUT IT.GO AHEAD. >> WELL, FIRST I WAS UP ON THE NAME, SO I DID TAKE SOME PROFITS LONG TERM. I LOVE THE STORY. I LOVE THE CONCEPT.THE TOTAL ADDRESSABLE MARKETS ARE REAL AN ...

Well, obviously we've been mindful of the significant growth in AI to begin with and extremely impressed with the progress that SAM and OpenAI have made and uh that includes by the way as I said earlier uh their agreement to both honor and value and respect our content. Uh and we want to participate in in in in what Sam is creating and what his team is creating. We think this is a good investment for the company.It's kind of a weigh-in of sorts for us to appreciate even more what is obviously something that ...

and some of the moves that you're making are representative of the tension that I'm referring to. It's we know what the equal weight and we know what the Russell are doing, but we also know what Oracle's doing. Um, and we said going in and some on the street said that this was an exceptionally consequential earnings report given uh the name, given the questions, given the timing, given everything else.You sold it at the open. >> Yep. >> Tell me more.Well, I told you the last time I was on that I would take ...

joining us with the first street reaction to some of that news. Rosenblad Securities senior internet media research analyst Barton Crockett Barton I wonder if you'd been listening and what kind of thoughts you had about how this moves the the whole narrative forward on AI. >> Well, yeah, I think there's a couple of things.I mean, one is what a great endorsement for Open AI. I mean, right at, you know, peak uncertainty about their business model. Um, you know, and peak concerns kind of all around.They're uh ...

We do have another trade alert and it is from Josh Brown. Maybe surprised by it. I'm not sure.Exon Mobile. Yeah. So, I I have a long-term position in IEO, which are the uh American natural gas and oil producers.Um the problem with that ETF, not problem, the thing about that ETF, it's very concentrated into Kico Phillips COP and that's okay. It's a great stock. Um but Exxon is breaking out right now.We talked about this two weeks ago or three weeks ago on the show. It was uh the column that we wrote for CNBC ...

A stock that has not been a horse. It's been a horse's >> What a segue, >> but it's turning. You should have gone for it.>> It's turning. It is cable. But sometimes you leave things to the imagination.Everybody knows what you mean. Anyway, >> another great report. Another great report.>> What stock are you talking about. Adobe. >> If this if this stock had a different ticker symbol, any other ticker symbol under the sun, it would be up 8% today.>> You have no idea how much of a win this is. I'm not I'm not ...

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