The Rundown Meta Hires Apple Design Chief, Sam Altman Explores a SpaceX Rival
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Dec 4, 2025 Small cap stocks are on the rise, fueled by rate-cut expectations. Meta shakes things up by hiring Apple's design chief for smart glasses and VR. Meanwhile, Sam Altman considers entering the space race with plans for a SpaceX competitor. Salesforce delivers strong earnings, while Snowflake faces slowing growth despite a solid report. Lastly, Fanatics dives into the prediction market arena, raising questions about regulations and competition with traditional sportsbooks.
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Small Caps Rally On Rate-Cut Expectations
- Small-cap stocks are rallying because markets price a 90% chance of a Fed rate cut next week.
- Lower rates reduce borrowing costs and can fuel hiring and investment in smaller companies.
Labor Data Signals A Cooling Market
- ADP reported the private sector lost 32,000 jobs in November, signaling cooling in the labor market.
- Listeners should watch the December 16 government jobs report and December 18 inflation data for a fuller picture.
Apple Design Chief Joins Meta
- Mark Zuckerberg poached Alan Dye, Apple's head of user interface design, to lead Meta's smart glasses and VR hardware design.
- Zaid says Dye oversaw iPhone, Apple Watch, and Vision Pro UIs, making this a big loss for Apple.