Something doesn't make sense to me. If the government shutdown is now officially over, why is Bitcoin's price sinking further than it has in months. $98,000.97. >> We're going to win so much you may even get tired of winning. >> Yes, Bitcoin hasn't touched these levels since all the way back here, June of 2025.We hit a high in October and now we're down here. Down 22% from October all-time highs. If November were to end today, this would be one of the worst November on record for Bitcoin.>> And you'll say, ...

Michael Burry, the 'Big Short' investor who made his fame and fortune betting against the U.S. housing market in the mid-2000s, is closing his hedge fund. On Wednesday, he posted on X that he has bet $9.2 million shorting Palantir stock, although it's unclear if that position is still open.Very broadly speaking, a split appears to be forming between Fed governors and regional bank presidents: governors, nominated by the president, are leaning ‌dovish; regional bank presidents, less so. Since 1990, the most ...

Joining me now is Robert Kaplan, Goldman Sachs vice chairman and a former Dallas Fed president. Robert, great to have you on. Um, you call this um uh this decision an agonizing one for uh Fed voters uh in this coming meeting.I guess given the fact that labor market is definitely softened up um and we still have inflation sticky above the target. What do you think is going to uh kind of break the majority in one direction or another. Yeah, I think this is one time where the market probabilities at 50/50 have ...

Tariffs and Inflation - The article discusses what bananas tell us about tariffs and inflation [1]

Economic Overview - The US economy is currently facing challenges such as inflation, large deficits, and monetary policy pressures, leading to consumer concerns about affordability and expenses [1][2] - The job market is perceived as tough, particularly for new graduates, indicating potential economic downturn [2] Labor Market Dynamics - The labor market has shown resilience post-pandemic, but hiring momentum has slowed significantly since the beginning of the year [5][6] - Low-wage consumers are experiencing the most uncertainty, which may impact overall consumer spending despite a relatively strong labor market [7][8] Economic Outlook - A modest uptick in economic growth is expected, driven by potential Fed rate cuts, a new tax bill, and clearer tariff policies, with projections suggesting growth above 2% [9][10] - Investor sentiment is characterized as cautiously optimistic, with concerns about the sustainability of corporate profits amid economic uncertainties [11][12] Federal Reserve and Monetary Policy - The Federal Reserve faces a complex environment with inflation projections remaining above target, complicating their policy decisions [16][17] - The Fed's actions are seen as critical to the market, but corporate profits are viewed as the primary driver of the bull market [22][25] Technology and AI Impact - The current bull market is heavily influenced by technology and AI, with significant investments expected to continue in this sector [27][40] - Concerns about whether the AI boom represents a bubble are prevalent, but data suggests that while valuations are high, they are not at bubble levels compared to historical standards [28][30] Investment Strategies - There is a strong inclination to remain overweight in technology stocks, particularly those leading the AI charge, as historical trends suggest tech leadership continues through bull markets [45][46] - Mixed sentiments exist regarding sectors like real estate and staples, with expectations of an economic uptick influencing investment strategies [50][51]

60 Minutes rewind. >> Should we make sense. Think before you answer that.We're talking about those insignificant 1-cent pieces in your pocket or purse. It may or may not come as a surprise that it now costs the US mint almost two cents to make a penny and almost a dime to make a nickel. If the economy of that eludes you, join the club.Even in Washington, where they literally have the right to print money and where anything under a billion is chump change, there's an ongoing debate over whether it's worth th ...

Boston Fed President Collins speaking yesterday at a community banking conference, taking a cautious tone around the path forward for rate cuts. A view that is echoed by our next guest. Joining us here at Post 9 this morning is former Minneapolis Fed President Gary Stern.Gary, it's great to have you back. Good morning. >> So Collins, Daly, Bostic, sort of this school that maybe it's good to slow down.>> Uh yes, and I would agree with that. I don't think first of all I don't think there's a compelling ration ...

Core Insights - General Mills, Inc. (NYSE:GIS) is facing significant challenges due to high food and input costs, which are impacting profit margins and pricing strategies [2] - The company is considered part of the inflation complex, with concerns that it may need to lower food prices to maintain sales volume, potentially leading to further stock price declines [2] - There is speculation about the potential for a takeover, as the food sector is being adversely affected by GLP-1 weight loss drugs [1] Company Overview - General Mills produces a variety of branded foods, including cereals, snacks, frozen meals, baking products, yogurt, and pet foods, with well-known brands such as Cheerios, Betty Crocker, and Haagen-Dazs [2] - The company is currently under scrutiny for its performance in the stock market, with analysts noting that its situation has not improved significantly [2] Market Context - The food industry, particularly companies like General Mills, is experiencing pressure from rising costs and inflation, which could lead to a decrease in profitability [2] - There is a suggestion that investors may find better opportunities in AI stocks, which are perceived to have higher upside potential and lower downside risk compared to traditional food stocks like General Mills [2]

Market Overview - Pre-market indexes are down across the board, with the Dow down 118 points (-0.24%), S&P 500 down 20 points (-0.30%), Nasdaq down 94 points (-0.37%), and Russell 2000 down 15 points (-0.62%) [1] - The market sentiment is influenced by high AI spending concerns [1] Economic Data Expectations - Anticipation for new inflation data from the Consumer Price Index (CPI) and jobs data from Weekly Jobless Claims was unmet, with expectations for inflation to rise to +3.1% and for 225K new jobless claims [2] Company Earnings Reports - **Walt Disney Co. (DIS)** reported fiscal Q4 earnings of $1.11 per share, beating estimates of $1.03, but lower than $1.14 from the previous year, resulting in a +7.77% positive earnings surprise. Revenues were $22.46 billion, exceeding expectations by +1.72% but down from $22.57 billion year-over-year [3][4] - Despite the earnings beat, Disney shares fell -5.8% in pre-market trading, erasing +4.8% year-to-date gains, primarily due to a -6% decline in its Entertainment division and a -16% drop in network revenue [4] - **Sally Beauty (SBH)** reported earnings of 55 cents per share, surpassing the consensus of 49 cents by +12.24%, with revenues of $947.1 million exceeding expectations of $933 million, marking the third consecutive earnings outperformance [5] Upcoming Earnings and Market Sentiment - **Applied Materials (AMAT)** is expected to report fiscal Q4 results, with anticipated negative earnings growth of -9.05% and negative revenue growth of -4.93% [6] - The market is also awaiting comments from several Federal Reserve members, which may influence investor sentiment regarding future interest rate cuts [7] Federal Reserve Actions - The Federal Reserve has reduced the Fed funds rate by 50 basis points since mid-September, bringing the median rate below 4% for the first time since December 2022. There are expectations for another 25 basis points cut at the mid-December meeting, but the lack of new economic data may complicate this [8]

The longest government shutdown in history has impacted the release of several key economic reports, including October inflation numbers that were due to be released on Thursday, leading to an increased focus on other gauges like those operated by the Federal Reserve. The Labor Department was scheduled to release the October consumer price index (CPI) on Thursday, but the report is delayed, and it's uncertain when or if the report will be released.While the official CPI data from the Bureau of Labor Statist ...