AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Squawk on the Street
Inflation and the Fed, Trump's Tariff Threats and Economic Team Picks, A Downer for Dell 11/27/24
Nov 27, 2024
Eamon Javers, a CNBC journalist, brings insight into President-elect Trump's economic strategies. The hosts discuss market shifts after record highs, as well as Trump's tariff threats and his economic team choices. Dell's disappointing revenue and the resulting stock decline highlight challenges in tech. They also explore SoftBank's hefty investment in OpenAI and the implications for health innovations in weight-loss drugs. The conversation wraps up with consumer behavior trends and their surprising effects on stock performance.
44:06
Episode guests
AI Summary
AI Chapters
Episode notes
Podcast summary created with Snipd AI
Quick takeaways
- The recent economic data indicates a mix of stability with jobless claims at a six-month low while persistent inflation looms ahead of the Fed's decision.
- Dell's disappointing earnings amidst weakening PC demand reflect broader tech market concerns, contrasting with optimism in the growing sector of obesity medications.
Deep dives
Market Updates and Economic Indicators
Recent economic updates reveal mixed signals regarding the economy. The Federal Reserve's preferred inflation gauge, the Core PCE, reported a 2.1 percent rise, indicating possible concerns about persistent inflation among traders. Jobless claims also dipped to a six-month low, suggesting a stable labor market despite a slight rise in continuing claims, reflecting challenges in re-entering the job market. Overall, consumer confidence improved due to positive labor conditions, hinting at an optimistic underlying economic landscape.
Get the Snipd
podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any
moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share
& Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode