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Squawk on the Street
Fed Rate Decision Eve, Market Records Watch, Intel's AI Boost 9/17/24
Sep 17, 2024
Carl Quintanilla, Jim Cramer, and David Faber dive into the financial scene as the Fed's rate decision looms. They discuss the Dow hitting new heights, Intel's bold move to produce AI chips for Amazon, and reaction to insights from top CEOs. Cramer identifies a stock poised to thrive from a potential rate cut. The trio also highlights a surprising spike in retail sales and Microsoft's generous share buyback plan. Join them for a lively exchange as they unpack market dynamics and the impacts of technology trends!
43:15
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Quick takeaways
- The upcoming Federal Reserve decision on interest rates is crucial as it could significantly impact market sentiment and performance.
- Intel's AI chip production agreement with Amazon illustrates the ongoing advancements in technology, particularly in the artificial intelligence sector.
Deep dives
Market Trends and Predictions
Financial markets are currently characterized by anticipation surrounding central bank decisions, particularly the upcoming Federal Reserve meeting, which could determine interest rate adjustments. There is speculation about whether the Fed will implement a more significant cut of 50 basis points or a more modest reduction of 25 basis points, leading to differing market sentiments. The ongoing strength in sectors such as industrials and technology highlights investors' confidence, especially with major companies like Microsoft discussing substantial stock buybacks and dividend increases. This creates a positive outlook, as robust balance sheets can weather potential economic downturns.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode