Markets Midday: A-I Concerns Push Stocks Lower, New Home Sales Jump Despite Rising Rates, Credit Card Delinquencies On The Rise, Fed Set To Meet

The podcast dives into how AI concerns are pushing stocks lower, particularly due to a new Chinese AI company making waves. It also highlights a surprising jump in new home sales even as interest rates climb. Additionally, there's an increase in credit card delinquencies among wealthy consumers, raising eyebrows about spending habits. The conversation wraps up with insights on the upcoming Federal Reserve meeting, where stable interest rates might be on the horizon despite turbulent economic conditions.