The chapter delves into the conflicting information from recent economic data surrounding interest rates, highlighting the rise in producer price index and contrasting it with a decline in headline inflation. It discusses Federal Reserve Chairman Powell's comments on potential rate cuts, aiming to balance addressing inflation while supporting economic activity. The chapter also covers updates on major bank earnings, market performance, and the significance of AMD's acquisition of Silo AI in the context of competition with Nvidia in the AI industry.
The Fed and big players in the market are keeping an eye on unemployment and the federal deficit too.
(00:21) Ron Gross and Bill Mann discuss:
- How Fed Chair Jerome Powell and Jamie Dimon have more than inflation on their mind when it comes to the interest rate picture – they’re watching unemployment, the federal deficit, and spending.
- Why bank earnings were a bit of a mixed bag, and Delta’s results show the pain may continue for airlines.
- A small acquisition from AMD that could be a big deal in the AI race, and Costco deciding to finally raise the price of its membership tiers.
(19:11) We kick off FoolFest 2024 with a trip into the vault – Motley Fool CEO Tom Gardner with author Malcolm Gladwell in 2014 talking through David and Goliath, the lessons that can be borrowed as we look at small disruptive businesses, and whether titans can hold their lead in major industries.
(34:11) Ron and Bill break down two stocks on their radar: Elf Beauty and Charles Schwab.
Stocks discussed: JPM, WFC, DAL, AMD, NVDA, COST, ELF, SCHW
Host: Dylan Lewis
Guests: Bill Mann, Ron Gross, Tom Gardner, Malcolm Gladwell
Engineers: Steve Broido
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