The Rundown Lyft Soars on Upbeat Guidance, Match Group Earnings Give Investors the Ick
Nov 7, 2024
The podcast kicks off with a lively stock market update following a positive post-election surge. Lyft's impressive earnings and ambitious self-driving car plans grab attention, fueling a stock rally despite rising ride costs. Warner Brothers adds a whopping 7 million subscribers to its streaming service, even as it faces cable declines. The discussion then shifts to Qualcomm's success driven by automotive chip sales, contrasted with lackluster performances from Match Group and Duolingo, leaving investors wary.
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Market Reaction to Election
- The S&P 500 and Nasdaq had their best day of the year, rising over 2.5%, after Trump's election win.
- This was the S&P 500's best post-election day performance ever recorded, with the Dow also hitting record highs.
Bond Market Reaction
- Bond investors reacted less positively to Trump's win, with the 10-year treasury yield rising to its highest since July.
- This rise suggests concerns about potential increases in government deficits and inflation under Trump's policies.
Fed Meeting
- Listen to the upcoming Fed meeting and Jerome Powell's press conference for insights into the economy.
- Pay attention to Powell's comments on the election's impact and the general economic vibe.