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Squawk on the Street

2nd Hour: Countdown to the Fed, Salesforce CEO Marc Benioff, Housing Outlook for 2025 12/18/24

Dec 18, 2024
Marc Benioff, the visionary CEO of Salesforce, shares his excitement about the company’s plan to hire 2,000 talent to sell AI products. He emphasizes how this innovation represents a peak moment in his career. Alongside, insights are offered about the housing market outlook for 2025, highlighting the potential effects of Federal Reserve policies on this sector. The discussion touches on the impacts of advanced AI technologies and the competitive landscape, showcasing the transformative role of Salesforce’s Agent Force 2.0 in enhancing customer interactions.
42:50

Episode guests

Podcast summary created with Snipd AI

Quick takeaways

  • The Federal Reserve is expected to announce its third interest rate cut of the year amidst fluctuating market conditions and ongoing economic uncertainty.
  • Salesforce's CEO, Marc Benioff, expressed unprecedented excitement about their new AI platform, illustrating a broader industry shift towards automation and intelligent solutions.

Deep dives

Market Reactions Ahead of Fed Day

The current stock market shows slight changes as investors await the Federal Reserve's decisions on interest rates. The S&P 500 is experiencing minor gains across various sectors, while losses are seen in consumer discretionary and energy sectors, with notable mentions such as Tesla decreasing by 2 percent. The anticipation surrounding the Fed's actions has led to increased treasury yields, particularly the 10-year yield rising to 4.39 percent. This setup highlights the ongoing uncertainty in the market as it prepares for potential Federal Reserve announcements regarding interest rate cuts.

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