Market Overview & Valuation Concerns - The market experienced a downturn, with the Dow sliding 330 points, S&P declining 037%, and Nasdaq edging down 003%, attributed to concerns over inflated valuations exemplified by Figma's IPO [3] - The speaker emphasizes that valuation matters, and euphoria in the market is detrimental to business [3][4] - The speaker introduces "Fig Newtons law," suggesting that what goes up (in terms of valuation) must come down, cautioning against a new phase of the bull market driven by ludicrous valuations [15][16] Company Performance (Microsoft & Meta) - Microsoft and Meta exceeded earnings estimates significantly, driven by investments in artificial intelligence [5][6] - Microsoft's stock trades at approximately 35 times earnings, while Meta trades at less than 29 times earnings [6][7] - Microsoft gained nearly 4%, and Meta jumped more than 11% following their earnings reports [7] - The speaker believes Microsoft and Meta are undervalued compared to the S&P 500, which sells at 24 times earnings [8] Figma IPO & Valuation - Figma's IPO priced at $33, opened at $85, and closed at $115 and change, highlighting concerns about excessive valuation [2] - Figma's valuation is considered wildly inflated because it doesn't make that much money, making a price-to-earnings multiple irrelevant [13][14] - Figma's valuation is judged on a price-to-sales basis, reaching 67 times sales assuming 40% growth, compared to Meta at ten times sales and Microsoft at 12 times sales [14] Amazon & Apple Performance - Amazon reported a good quarter with healthy top and bottom lines, with better-than-expected sales across divisions, but gave mixed guidance [18][19] - Apple's sales and earnings came in substantially better, driven by strong iPhone sales, with 10% revenue growth [20]

It is clearly preferred by the industry. If you look at well, first of all, FICO score is used all over industry and we've been competing with Vantage for 15 years and we always win. We have over 90% market share in all these other markets that have nothing to do with the government. And then within the mortgage market, um, in the non-conforming market where there's no government mandate, FICO is the clear industry standard. And guess what? They're adopting FICO 10T. So we've we've done 313 billion in origi ...

Valuation matters. Sure, you can pay whatever you want for a stock you. It's personally you.You don't have to tell anybody. But the price you pay does ultimately matter to your bank account. Especially if you're one of the people who got in on the initial public offering of Figma, the digital design company, which priced its IPO at $33 today, then saw it open for trading at $85 and finished the day at 115 and change.Did you take some off. Did you ring the register or did you just let it ride. Somehow Figma ...

We have a brand new mystery model on open router and it is called Horizon Alpha. It's available and it's free to use and it looks to be likely the new opensource open AI model. Let me show you a couple tests and then I'm going to tell you about it. And by the way, if you want to stay uptodate on the latest model releases, their benchmarks, and all the cutting edge AI news, you need to subscribe to our newsletter forward future at forwardfuture.ai. Of course, we had to try the spinning hexagon ball test beca ...

Aaron McGloin tonight joins us live now. Aaron, you have much more on those Maryland rescues happening right now. >> Yeah, that's right, Tom.I want to show you this harrowing video out of Maryland. It shows first responders carrying two children from a submerged car to safety. You see them cautiously weighed through the waters, rescuing those children.And it's a shocking scene and the latest from this dangerous summers storm. Tonight in New York, a severe storm slamming the city with pounding rain leading t ...

Because the Jeffrey Epstein uproar and the heat on Donald Trump is only growing. His own failed secrecy efforts, the haphazard and at times bizarre responses, and the attempts to dodge what has been scrutiny from the right, the center, and the left. We talk about how we're divided in America and people may be interested in this story for a range of different reasons, but this pressure is universal.And you can get a lot of people who followed this story even in the sort of summer doldrums on the same page th ...

Minneapolis airport plane spotter streamed the emergency landing live. >> Delta 56 was bound for Amsterdam. Skip departed aircraft >> Salt Lake City a few hours ago.>> Ambulances lined up for dozens of patients after the Delta jumbo jet hit extreme turbulence over Wyoming. >> A heavy airbust and they do have a medical emergency on board. >> Photos show the aftermath.Food, bottles, backpacks, and service cards. 25 passengers and crew members taken to area hospitals. Leanne Nash on board with her husband says ...

Hi. Just this week, Maxwell was described by a Newsmax host as quote, "She just might be a victim." Is this an attempt to clean up her image after everything she was convicted of doing. We haven't heard that language publicly from the White House, Andrea, I would say.And remember, she she has been convicted. Gain Maxwell is in prison. Um her the family of Virginia Juy, you know, describes and Juprey herself before she died by suicide in April, very publicly, including in an interview with our own Savannah G ...

But, you know, I'm still in the camp that the, you know, with especially with the Fed um, you know, continuing down this path of of kind of being more hawkish and and not, you know, leaning into rate cuts. You know, what if you just see Bitcoin dominance and Ethereum dominance go up together. You can see they that this metric went up here in 2020.And so, you know, what happens if that happens. I mean, I I think it's certainly a possibility that you see that play out where you just see Bitcoin dominance and ...

Listen, number one, I think it's a good thing that the Texas legislature is moving forward with redistricting. As you noted, the map they put out is designed to elect an additional five Republicans uh to Congress, that could well be the difference between maintaining a Republican majority in the House uh for for the next four years or not. and and and if you look at all the incredible victories we've won in the last 6 months, whether securing the border and an historic investment into building the wall and ...