Wall Street Breakfast Wedbush AI ETF debuts
Jun 4, 2025
A groundbreaking AI-focused ETF has just launched, showcasing 30 companies handpicked by analyst Dan Ives. The discussion dives into the lackluster job growth in the private sector and its potential implications. In a surprising twist, UnitedHealth has canceled stock awards for its former CEO, raising eyebrows. The podcast also updates listeners on major tech stocks like Apple and Hewlett-Packard Enterprise, examining their performance in the current market landscape. It's a blend of innovation and key economic insights!
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Dan Ives AI ETF Launch
- Dan Ives' Wedbush AI Revolution ETF launched at $25.37 with 30 key companies to lead the AI-driven tech transformation.
- The ETF focuses on software and chip sectors fueling growth through 2025 and beyond.
ADP Employment Report Unreliable
- ADP private sector job growth missed expectations with only 37,000 jobs added in May.
- ADP estimates have large errors historically, highlighting their unreliability as a jobs indicator.
ISM Services Index Contracts
- The May ISM Services Index dropped into contraction territory at 49.9, signaling a soft economy.
- New orders fell sharply while prices paid climbed, reflecting mixed economic pressures.