Squawk on the Street
Dow Record Run Rolls On, Intel's M&A Boost, Nvidia and IBM CEOs Talk to CNBC 9/23/24
Sep 23, 2024
Nvidia CEO Jensen Huang, known for his groundbreaking work in graphics and AI, and IBM CEO Arvind Krishna, who leads a historic computing giant, discuss their recent insights after meeting Indian Prime Minister Modi. They dive into the future of AI investments in India, emphasizing the nation's potential driven by its workforce. Additionally, Neel Kashkari, Minneapolis Fed President, shares his thoughts on current economic risks that could impact markets. The conversation reveals intriguing connections between tech advancements and economic dynamics.
41:49
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Quick takeaways
- The Dow is experiencing a record run fueled by a rally in Intel and potential merger activity in the tech sector.
- Recent discussions underscore the labor market's pivotal role in influencing the Federal Reserve's monetary policy amidst changing economic conditions.
Deep dives
Market Trends and Fed Activity
Recent discussions highlight a mixed pre-market in stocks following a record decline, but September has turned out to be the best month since 2019. The central focus is on an upcoming week filled with insights from 16 Federal Reserve speakers and various economic data releases, with GDP being particularly noteworthy. Market analysts reported a significant inflow into U.S. equities, especially in tech and consumer discretionary sectors after recent Fed rate cuts. The prevailing sentiment suggests that the performance of value stocks might improve as the market recalibrates towards more favorable interest rates.
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