Apple, Amazon Report Results… And Dow Notches Worst Day of 2024 8/1/24

Apple and Amazon's earnings reveal significant trends, emphasizing their focus on artificial intelligence. Meanwhile, the stock market faces turmoil, with the Dow's steep drop sparking recession fears. Intel suffers a notable decline, contrasting with the resilience in the semiconductor sector. Innovations in pharmaceuticals, particularly a breakthrough weight loss drug, are reshaping industry expectations. Listeners gain insights on navigating market volatility and strategic safe havens, like utilities and gold for uncertain times.