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LOW Oct 2024 240.000 put
- Yahoo Finance Video
Microsoft's ChatGPT-4o integration, ethereum surge, retail earnings: Market Domination
On today's episode of Market Domination, Yahoo Finance Hosts Julie Hyman and Josh Lipton break down some of the trading day's biggest stories and the AI boom's impact on the market (^DJI,^GSPC, ^IXIC). Federal Reserve Governor Christopher Waller said he favors holding higher interest rates for longer, needing several months of favorable inflation data before pursuing rate cuts. Hennion & Walsh chief investment officer Kevin Mahn warns that this could be a slippery slope: "I think the Fed needs to be careful because if they keep rates too high for too long, they risk their own forecasted economic slowdown moving into a recessionary period." Microsoft's (MSFT) Build event kicked off with a series of announcements, like new plans to integrate OpenAI's ChatGPT-4o into its Azure AI Studio offering. This is the tech giant's latest artificial intelligence push to make it a key competitor as the AI race heats up. Ethereum (ETH-USD) prices are surging amid renewed optimism of the Securities and Exchange Commission (SEC) approving an ether ETF. Similar action in the crypto market was also seen in the lead-up to the SEC's decision on spot bitcoin ETFs at the start of 2024. Bitwise Asset Management CIO Matt Hougan expresses confidence, stating that the odds for a spot ether ETF approval are "up above 80% before the end of the year." On the retail front, Lowe's (LOW) and Macy's (M) both topped earnings expectations. However, shares of Lowe's are falling after the home improvement retailer saw a pullback among consumers in the do-it-yourself (DIY) segment, with sales in that category declining. Meanwhile, shares of Macy's are climbing after the company raised its full-year guidance amid weak consumer spending. This post was written by Melanie Riehl
- Yahoo Finance Video
Lowe's Q1 beat overshadowed by DIY sales slump
Shares of Lowe's (LOW) are trading lower on Tuesday, despite the company's better-than-expected first quarter earnings. Lowe's cited a pullback among consumers in the do-it-yourself (DIY) segment, with sales in that category declining. Yahoo Finance's Brooke DiPalma delves into the details of Lowe's earnings report, providing insights into the initiatives the company is taking to navigate the current landscape of a cautious consumer. For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Angel Smith
- Yahoo Finance Video
What Nvidia, consumer spending signal for the market: Catalysts
On today's episode of Catalysts, Hosts Seana Smith and Madison Mills break down key market trends and the trading day's biggest stories. As Nvidia (NVDA) is set to report its earnings this week, HSBC Global Private Banking and Wealth Management Americas CIO Jose Rasco joins the show to discuss how the chip company and the overall AI push may impact the market (^DJI,^GSPC, ^IXIC). He explains that new technology, like artificial intelligence, is diffusing across all sectors as companies seek to find efficiencies and expand revenue. Rasco adds that Nvidia and the AI boom will ultimately drive deflation in the market, ultimately resulting in lower prices for goods and services. However, there are some geopolitical pressures facing the chip sector. ASML (ASML) and Taiwan Semiconductor Manufacturing Company (TSM) could disable their chip machines remotely if China were to invade Taiwan, according to a report from Bloomberg. JPMorgan Chase (JPM) CEO Jamie Dimon sparked speculation about his potential resignation after pivoting from his usual stance during the company's annual investor day and saying that his remaining time at the company is no longer five years. Yahoo Finance's David Hollerith explains what this means for the company's future and who might be considered to succeed Dimon. Lowe's (LOW) topped Wall Street's first quarter earnings estimates, posting revenue of $21.36 billion and gains of $3.06 per share. While consumer spending remains low, CEO Marvin Ellison points to loyalty programs and online spending as areas offsetting pullback concerns. Meanwhile, Peloton (PTON) is having a more difficult time dealing with the consumer sales slump as the home fitness company announced it is starting the sale of a $1 billion loan offering. Wendy's (WEN) and (TGT) both announced new initiatives to draw consumers back to their stores, from a $3 breakfast value meal to price cuts on five thousand items. This post was written by Melanie Riehl
