New Record Highs for Stocks, GM and Ford Downgraded, Playing This Year's Top S&P 500 Gainer 9/25/24
Squawk on the Street
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Market Pressures and Economic Dynamics
This chapter analyzes the recent pressures on the stock market, focusing on Apple shares amidst weak iPhone 16 demand and downgrades of GM and Ford stocks due to concerns about China's manufacturing capacity. The discussion also explores how China's monetary actions and housing market challenges may affect U.S. inflation expectations and consumer confidence. Additionally, it provides insights into the implications of rising treasury yields, interest costs, and the evolving landscape of the automotive sector against a backdrop of global competition.
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Transcript
