Wall Street Breakfast

The U.S. government shutdown hits a historic 36 days, with predictions of an imminent resolution. Alphabet secures DOJ approval for its largest acquisition yet, buying Wiz for $32 billion. Cryptocurrency takes a hit, with Bitcoin nearing $100K and Ether erasing its annual gains. The aftermath of the NYC mayoral race raises questions about its Wall Street impact. Meanwhile, US-China tariff suspensions and other market-moving news make headlines, alongside significant updates from major companies like Novo Nordisk and Uber.

Michael Burry is betting against AI giants Nvidia and Palantir, igniting a fiery response from Palantir's CEO, who labels him 'bats--- crazy.' Concerns over AI valuations are rattling the Nasdaq, as market corrections loom. Meanwhile, a founder faces serious allegations of massive misappropriation, leading to a bankruptcy probe. Uber's outlook is sliding, and other notable earnings reports highlight the market's volatile landscape. Cognizant is also set to enhance AI integration within its services.

Palantir's stock takes a surprising dive despite impressive Q3 results and raised guidance, sparking investor debate on valuation. Denny's is set to go private in a $620 million deal, thrilling shareholders with a cash premium. Meanwhile, Starbucks is offloading a majority stake in its China business for $4 billion, shaking up its Asian strategy. Additionally, the market reacts to emerging trends, including SNAP benefits changes and Hims & Hers ambitious revenue goals. Stay tuned for a snapshot of market movements!

OpenAI grabs headlines with a massive seven-year deal with AWS for NVIDIA GPUs to supercharge ChatGPT. Analysts predict Nvidia’s valuation could soar to $8.5 trillion, highlighting a bullish shipment outlook. In a surprising move, Kimberly-Clark acquires the Tylenol maker Kenvue, stirring conversation around Tylenol's alleged health controversies. The podcast also touches on Beyond Meat’s delayed earnings and MongoDB’s leadership changes, reflecting shifts in the tech landscape and investor strategies.

A top FDA executive was ousted over allegations of false statements and bribery related to a drug for lupus nephritis. Baidu's Apollo Go reached a remarkable milestone with 250,000 fully driverless rides weekly, outpacing its competitors. In technology news, Trump announced that only U.S. customers will have access to NVIDIA’s newest Blackwell chips, raising questions about international tech markets. Meanwhile, there's buzz surrounding Pony AI’s upcoming IPO details.

Tesla's shareholder meeting is heating up as voters tackle Elon Musk's ambitious $1 trillion pay package, which could elevate his voting power. Meanwhile, Berkshire Hathaway continues to grow its cash reserves, now nearing $390 billion, and is eyeing leadership changes under Greg Abel. Analysts are curious about Palantir's upcoming earnings, especially regarding its AI growth potential. Meanwhile, shifts in US-China trade policies could change the landscape for tech exports. It's a week packed with key earnings reports and market movements!

The latest discussion dives into a divided Fed meeting and the implications of recent economic shifts. Amazon's layoffs spark a debate on whether they stem from economic caution or AI-driven changes. Meta showcases strong earnings, raising contrasts with Alphabet. Apple remains uncertain as a wait-and-see situation. An under-the-radar AI play emerges from Caterpillar. Anticipation builds around upcoming earnings from Palantir and AMD, while NVIDIA achieves a remarkable $5 trillion valuation, prompting discussions on AI hype.

Tech giants Amazon and Apple report strong earnings, boosting Nasdaq futures. A dispute over Disney channels darkening on YouTube TV causes subscriber frustration. Officials warn a government shutdown could disrupt Thanksgiving travel plans. Other trending topics include a canceled Trump-Putin summit, Meta’s record bond sale for AI costs, and SpaceX's potential $2B Pentagon deal. The market reflects mixed responses, especially with Roku's pre-market drop following its quarterly results.

The latest discussions revolve around a significant U.S.-China trade agreement regarding rare earths and the reduction of fentanyl tariffs. There's buzz about OpenAI potentially eyeing a $1 trillion IPO, even though it claims not to prioritize this now. Microsoft successfully resolves a global Azure outage that caused disruptions across various sectors. Additionally, Trump has ordered the Pentagon to resume nuclear tests after decades, while Meta faces a notable $16 billion loss and Starbucks reports a promising sales increase.

The Fed's decision to cut rates by 25 basis points surprises few, but Chairman Powell's hints at uncertainty for December's cuts are intriguing. Mixed market reactions follow, with stocks initially dipping but recovering later. Powell reveals differing views within the Fed and highlights a resilient labor market, shifting market odds for future rate changes. This blend of economic signals keeps investors on their toes as they navigate the complexities of monetary policy.