Squawk on the Street SOTS 2nd Hour: DC Plane Crash, Big Tech Earnings, RFK Jr. Day 2 1/30/25
Jan 30, 2025
Robert F. Kennedy Jr., nominee for HHS Secretary, discusses his Senate confirmation hearing, highlighting his vision for healthcare policies. The tragic plane crash involving an American Airlines jet raises urgent safety questions, while big tech earnings from Microsoft, Meta, and Tesla signal a context of mixed market reactions. The shift towards AI technologies is underscored, with debates on vaccine safety and proposed Medicaid cuts reflecting ongoing healthcare controversies. It’s a whirlwind of politics, tech insights, and pressing national issues.
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Potomac River Mid-Air Collision
- A tragic mid-air collision occurred between an American Airlines jet and an Army helicopter over the Potomac River.
- Officials reported no survivors among the 67 people aboard both aircraft.
Meta's AI-Driven Success and Skepticism
- Meta beat expectations, driven by AI investments and untapped revenue opportunities.
- However, Needham's Laura Martin expressed skepticism about the ROI of these long-term investments.
Microsoft's Azure Slowdown and AI Growth
- Microsoft's weaker guidance is due to slowing Azure cloud growth, not AI.
- Despite this, Microsoft is on pace for $13 billion in annual AI sales, indicating a healthy AI segment.