Wall Street Breakfast

Japanese bond yields are spiking to heights not seen since 2008, raising concerns about the carry-trade and potential market instability. As investors react, Bitcoin takes a tumble, highlighting the risks of yen-funded carry trades unwinding. Meanwhile, Databricks is eyeing a whopping $134 billion valuation as it prepares to raise $5 billion, facing margin pressures from AI implementation. In political talk, Kevin Hassett is emerging as a strong candidate for the next Fed chair, according to prediction markets.

This week, tech giants like Salesforce and Kroger prepare to unveil their earnings. Black Friday online sales surged to a whopping $11.8 billion, showcasing the power of digital shopping. ChatGPT celebrates its third birthday, highlighting its rise and impact in the tech space. Meanwhile, Swiss voters strike down a proposed 50% inheritance tax for the wealthy, stirring political debate. Plus, the Fed signals an 85% chance of a rate cut this December, potentially shaping the market's future.

Jack Bowman, an investment professional at Bowman Capital Management, shares insights on consumer behavior and retail strategies. He discusses the record number of shoppers expected this Thanksgiving weekend and how low-price leaders like Costco and Walmart dominate the market. Jack highlights challenges faced by non-value retailers and warns direct-to-consumer brands about price competition on Amazon. With luxury spending remaining strong, he stresses the importance of effective inventory management for retailers facing potential earnings corrections.

Consumers are diving into holiday shopping, with online spending hitting an impressive $79.7 billion, reflecting a growth of 7.5% from last year. The excitement continues as holiday discounts are anticipated across various categories like electronics and apparel. Meanwhile, a notable surge in AI traffic enhances purchase likelihood, with predictions of 220 million subscribers for ChatGPT by 2030. Plus, the revival of 'Rush Hour 4' has caught attention following some intriguing political pressure.

HP faces challenges with a disappointing forecast and plans to cut 6,000 jobs while shifting focus to AI products. Meanwhile, the Trump administration has negotiated a massive 71% discount on popular diabetes medications for Medicare patients. Foxconn is set to invest an additional $569 million in Wisconsin, aiming to bolster US AI infrastructure and create new jobs. Trending stories include a potential revival of 'Rush Hour 4' and an antitrust probe against Meta related to WhatsApp. Market movements and a coffee symposium highlight the latest in investment news.

Warner Bros. is shaking things up, asking bidders like Paramount, Netflix, and Comcast to sweeten their offers for exclusive talks. Meanwhile, the stock market is buzzing with a rally, highlighted by gains in the Dow, S&P, and Nasdaq. HP faces challenges after disappointing earnings, while Alibaba impresses with a revenue beat. Listeners also learn about the year's worst-performing S&P stocks that may be worth watching. It's a whirlwind of market insights and significant corporate moves!

Nvidia faces new competition as Meta explores a multi-billion-dollar deal for Google AI chips, impacting stock prices. Bed Bath & Beyond has a plan to acquire The Brand House Collective for $26.8 million, aiming for strategic store conversions. Meanwhile, Spotify is looking to increase U.S. subscription charges by about $1. Other key market updates include an upcoming Q3 GDP estimate and shifts in the S&P index. Additionally, Keysight reports strong earnings, lifting its stock value.

The Nasdaq sees a remarkable rebound with gains across major indexes. Novo Nordisk faces a setback as its weight-loss drug fails to deliver results in an Alzheimer’s trial. Meanwhile, chip stocks soar with significant advances in AI technology. Michael Burry makes headlines with a new newsletter, generating buzz around his insights. HSBC projects a staggering $207 billion in financing needs for OpenAI, highlighting the soaring costs involved in AI development.

Tencent's massive $1.3 billion investment in Ubisoft's Vantage Studios opens up exciting prospects for popular franchises like Assassin’s Creed and Far Cry. Meanwhile, Trump is rumored to unveil a plan aimed at reducing health care costs through innovative savings programs. Michael Burry stirs curiosity with his new Substack, promising insights that could shake the market. Plus, the hosts discuss trending stocks and the rapid rise of Alibaba's Qwen app, which just hit 10 million downloads. It's an intriguing blend of gaming, finance, and health care news!

Alibaba's earnings report sparks a debate on whether it's a buy or sell ahead of its Tuesday announcement. Michael Burry teases a significant disclosure that has analysts speculating on AI trades. Amid discussions of market dynamics, the podcast tackles the puzzling claim that DOGE ‘doesn’t exist’ anymore. Listeners also get insights on Bill Ackman's IPO plans and key economic indicators impacting consumer confidence. Plus, a look at Goldman's top hedge fund picks keeps the investment conversation lively.