The Rundown Trump's H-1B Visa Plan Sparks Corporate Chaos, Snap Catches Meme Stock Fever
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Sep 22, 2025 The podcast kicks off with key stock market highlights, including record highs and a surprising crypto sell-off. It dives into the contentious new H-1B fee and its implications for tech companies and US-India relations. There's buzz around Pfizer's major acquisition aimed at weight-loss treatments and Snap's hype surrounding meme stocks and AR glasses. Healthcare news takes a turn with discussions on Kenview and Tylenol, while Apple’s AI challenges and strong iPhone 17 sales round out the tech talk.
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Markets Rally While Gold Steals The Show
- Major indices hit record highs as the Fed begins cutting rates, lifting market sentiment.
- Gold outperformed many assets, rallying to record highs as investors hedge rising inflation risks.
This Week's Fed Data And Earnings Matter
- PCE inflation data this week will be closely watched as the Fed's preferred gauge of inflation.
- Earnings from Micron and Costco add additional catalysts that could sway market direction.
H-1B Shock Sparks Corporate Panic
- A surprise $100,000 fee for new H-1B visas triggered chaos and mass employer confusion over the weekend.
- The fee targets new applicants only but could still push companies to offshore jobs and strain US-India relations.