Wall Street Breakfast

Jimmy Kimmel's show was pulled from the airwaves following political controversy, stirring up discussions about censorship. Meanwhile, Huawei unveiled an ambitious AI chip roadmap aimed to rival Nvidia, set to roll out new products by 2028. Krispy Kreme's stock took a surprising leap after an endorsement as a 'good investment' from FBI Director Kash Patel. Other highlights include Novo Nordisk’s weight loss success, potential funding for U.S. farmers, and delays in the AI venture from OpenAI and SoftBank.

The Federal Reserve made headlines with a 25 basis points rate cut, resulting in a dissenting vote. Chair Powell described the decision as a move in risk management, while projections hint at two more potential cuts this year. Market reactions were swift, influencing both equity and Treasury movements. Listeners can expect insights on recommended stocks to consider in light of this monetary shift, including notable picks like Alexander & Baldwin and Merck.

A groundbreaking $42 billion tech pact between the U.S. and U.K. aims to strengthen investments in AI and quantum computing. This discussion also highlights recent political maneuvers regarding tariff powers and the Fed's monetary policy. Market reactions include Workday's surge after a significant stake announcement. In other news, RCI Hospitality executives face serious indictments. Plus, Chinese tech stocks are riding a wave of AI spending, keeping the financial scene buzzing with activity.

Coffee lovers beware! Prices are soaring due to drought in Brazil and supply issues, with a staggering 20.9% increase in retail costs. Meanwhile, August retail sales have surprised analysts by topping expectations. The podcast also dives into potential tie votes within the Federal Reserve, revealing ongoing monetary policy discussions. And don't miss the buzz about Meta’s innovative plans to unveil smart glasses in collaboration with Prada, sparking excitement in the tech world!

Delta and Aeromexico face a significant regulatory shake-up as they're ordered to dissolve their joint venture by 2026. In other news, Trump's nominee Stephen Miran is confirmed as a Federal Reserve governor. Webtoon experiences a surge after Disney invests in the platform and launches new comics. Plus, Oracle's stock rises amid rumors of a TikTok deal, and Google announces a massive AI investment in the UK. Dave & Buster's plans to expand with new store openings, aiming for impressive earnings.

The discussion kicks off with President Trump's bold idea to reduce earnings reporting from quarterly to just twice a year, sparking debate on its potential impact on corporate strategy and market stability. Elon Musk makes headlines by purchasing a staggering $1 billion in Tesla stock. Meanwhile, Alphabet makes waves by joining the exclusive $3 trillion club. The conversation also dives into the ongoing conversations surrounding an AI bubble and the framework for a potential TikTok deal.

Bank of America highlights the B.I.G. investment theme for the 2020s, urging investors to take note. Tesla plans to ramp up production at its German plant due to rising sales. In a surprising twist, North Korean hackers are reportedly using ChatGPT to forge military IDs. Meanwhile, many Americans are embracing AI chatbots for financial advice, though not without some regrets. Plus, Chinese chip stocks are surging following an anti-dumping investigation into U.S. semiconductors.

Anticipation builds around the upcoming Federal Reserve meeting, with possible dissent among officials over interest rate cuts. FedEx troubles signal potential earnings challenges, raising questions about market stability. OpenAI's revenue share with Microsoft is on the decline, hinting at shifts in tech partnerships. Amid these discussions, analysts highlight top dividend stocks for investors seeking steady income. Stay tuned for intriguing insights into the economic landscape!

Oracle's stock skyrockets 85% YTD, while Adobe faces challenges despite solid earnings. Broadcom and Nebius gain momentum through customer acquisitions. Lululemon's post-earnings drop raises red flags amid tariff issues. Mixed signals in the stock market and weaker job data create uncertainty as investors await the Fed's crucial interest rate decision. The IPO market shows signs of life, with discussions on small cap stocks emphasizing the need for careful research in a volatile financial landscape.

Microsoft and OpenAI are redefining their partnership with a shift towards a for-profit model. Warner Bros. Discovery saw its stocks rise amid rumors of a merger with Paramount Skydance. Apple is set to launch hypertension detection for the Apple Watch following FDA approval. The podcast also delves into trends in the media industry and highlights major movements in technology and aviation, including new product innovations that could reshape the market.