BREAKING: 🇺🇸 FED RATE CUT ODDS IN OCTOBER JUMPS TO 94.1% 🚀 https://t.co/6okA6x25qw ...

Hello everyone. The Federal Reserve has finally admitted tariffs have not been inflationary. We're going to discuss whether the Fed should be replaced by artificial intelligence. I'm going to share my theory on why gold is surging higher. And John Narian is going to join us to dissect the current state of financial markets. We're live today from the desk of Anthony Pompiano. [Music] Before we get into today's show, I need your help. My goal is to get to 1 million subscribers on YouTube, but we only have 25, ...

Market Overview - Stocks experienced further downside during trading, with major averages showing a lack of direction early but sliding into negative territory as the day progressed [1] - The Dow fell by 171.50 points (0.4%) to 46,121.28, the Nasdaq decreased by 75.62 points (0.3%) to 22,497.86, and the S&P 500 dipped by 18.95 points (0.3%) to 6,637.97, reflecting uncertainty in the artificial intelligence sector [2] Company Performance - Nvidia (NVDA) saw a decline of 0.9% after a 2.8% drop on Tuesday, while Oracle (ORCL) fell by 1.7%, indicating concerns about valuations in the AI sector [3] - The NYSE Arca Computer Hardware Index dropped by 2.3% after reaching a record closing high, highlighting significant weakness in computer hardware stocks [5] Sector Analysis - Gold stocks faced significant weakness, with the NYSE Arca Gold Bugs Index slumping by 2.2% due to a pullback in gold prices [6] - Airline stocks also experienced pressure, leading to a 1.6% decline in the NYSE Arca Airline Index, while energy stocks performed well amid rising crude oil prices [6] Economic Indicators - Traders expressed uncertainty regarding interest rates, with Federal Reserve Chair Jerome Powell indicating that near-term inflation risks are tilted to the upside, creating a challenging economic environment [4] - In the bond market, the yield on the benchmark ten-year note rose by 2.7 basis points to 4.147%, marking a nearly three-week closing high [8]

Nigeria’s naira could come under modest pressure next year after stabilizing in 2025 as the nation’s central bank cuts rates gradually and crude prices fall, Citi https://t.co/R0jJ0toSEI ...

[Music] I'm Yahoo Finance executive editor Brian S and you're taking a look at a live shot of the opening bells on Wall Street on this uh somewhat rainy Wednesday morning here in New York City. That is at least the government of Switzerland ring the bell. The New York Stock Exchange Security National getting things underway at the NASDAQ. Of course, they're keeping things secure. All right, if the market is trying to show everyone that it knows what a meltup is, it's doing a pretty good job. Friends, stocks ...

BREAKING:🇺🇲 TREASURY SECRETARY BESSENT SAYS POWELL SHOULD HAVE CUT RATES BY 100–150 BPS. https://t.co/UQHoOVifzn ...

💥BREAKING:TREASURY SEC BESSENT SAYS POWELL SHOULD HAVE CUT RATES 100-150 BPS NOW. https://t.co/CvFSD0FjUP ...

Sales Strategy - Ford is aggressively pursuing increased F-150 pickup sales this quarter [1] - The company is offering very low interest rates to buyers with low credit scores [1]

All right, let's start off with your thesis here, Bill. You're saying that the weakness in the housing market, that's a sign that the Fed needs to cut rates even more than it has already. So, I don't want to put this in context, though.The Fed's cut rates by about 75 basis points over the last year and mortgage rates are up about 15 basis points. So, how is that going to help when the housing market seems to be really guided by some other factors. >> Well, the housing market is is one where it's very sensit ...

Mortgage Rate Trends - The average rate on the 30-year fixed mortgage dropped to 634%, the lowest since September of last year [1][2] - Mortgage rates experienced volatility, initially falling to a three-year low before rising almost 25 basis points after the Federal Reserve cut rates [2] - A rise of 25 basis points can significantly impact the perceived savings and confidence in future rate decreases [2][5] Mortgage Demand - Overall mortgage demand stalled last week, despite falling interest rates [1] - Refinance demand increased by only 1% for the week, but was still 42% higher than the same week a year ago [2][3] - Mortgage applications to buy a home were essentially flat, up just 03% for the week, and up 18% from the same week a year ago [3] - Demand for adjustable-rate mortgages (ARMs) fell back again last week after a surge the week before [3] Borrower Behavior - Borrowers were seeking any type of savings on monthly payments, leading to initial interest in ARMs [3] - Significant savings, such as $1,000 per month on a large mortgage, could be achieved by switching from fixed rates (high sixes or 7%) to ARMs (well into the 5% range) [4][5] - Some believe the Federal Reserve will continue to cut rates, while others think the 10-year yield won't move much further [4]