Wall Street Breakfast Fed slashes interest rates by half point
Sep 18, 2024
The podcast dives into the Federal Reserve's bold decision to cut interest rates by half a point, aiming to support the robust labor market. Market reactions reveal a thirst for even more aggressive cuts ahead. In an intriguing twist, it coincides with National Cheeseburger Day, leading to a discussion on McDonald's clever marketing strategies. Plus, Lionsgate teams up with Runway for an exciting AI movie production venture. Insightful analysis also highlights shifts in investment trends revealed by recent fund manager surveys.
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Fed Rate Cut and Market Reaction
- The Federal Reserve cut interest rates by 50 basis points, signaling confidence in controlling inflation.
- This shift focuses on supporting the job market, even with some internal dissent.
Lionsgate & Runway's AI Partnership
- Lionsgate partnered with Runway to develop an AI model for film and TV production.
- This AI model aims to enhance creative work, but its video generation capabilities are still under development.
Investor Sentiment and Market Trends
- Investors are shifting towards utilities and away from cyclical sectors, favoring a "soft landing" for the economy.
- Despite low optimism on China's growth, a steeper yield curve is expected, and high-quality stocks are favored.