Wall Street Breakfast

Meta is launching AI Studio, enabling users to craft custom AI chatbots with the LAMA 3.1 model. In entertainment news, the latest Deadpool and Wolverine film has shattered box office records. Meanwhile, Bank of America suggests the AI hype is fading. Procter & Gamble's stock drops following disappointing sales, while PayPal surprises investors with an upbeat forecast for 2024, boosting its buyback plans. The podcast dives into these financial movements and the future of AI investments.

The U.S. national debt has reached a staggering $35 trillion, raising concerns about Social Security and Medicare. J.M. Smucker is considering selling its Voortman cookie brand, reflecting changes in the food industry. Delta Airlines faces implications from a recent software outage as they seek legal advice. Meanwhile, Tesla's autonomous driving tests have hit a snag, and Nvidia is pushing the boundaries of AI technology. These developments, along with the Biden administration's oil reserve strategies, paint a dynamic picture of the current financial landscape.

Trump, a prominent political figure, shares his ambitious vision to transform the U.S. into a global 'crypto capital' and 'bitcoin superpower' through regulatory reforms. He emphasizes the need for lighter regulations and significant policy changes if he returns to office. The discussion also touches on Apple's cautious AI developments, Mitsubishi Motors' collaboration with Honda and Nissan, and key market updates, including anticipated earnings from major companies and the anticipated boost to sportsbooks from the Paris Olympics.

The excitement of the 2024 Olympics is palpable, but challenges loom as U.S. companies confront past human rights issues. In the tech world, OpenAI introduces a new AI-powered search tool, raising the stakes against Google. Meanwhile, Southwest Airlines makes a significant change by moving from open seating to assigned seats, responding to customer feedback. All this while the stock market is buzzing with activity from various movers!

Podcast discusses Q2 GDP growth exceeding expectations at 2.8% with reduced pricing pressure. Durable goods orders decline due to aircraft. Viking Therapeutics sees a surge in stock price after late-stage development for obesity drug. Tech sell-off expected to be brief with AI and cloud support for earnings.

Boeing pleads guilty in 737 MAX case, Ford's profitability drops due to warranty costs and EV losses, NBA chooses Amazon over Warner Bros. Discovery for a deal

Semiconductor stocks lead another tumble in the Nasdaq. AT&T bucks the trend post-earnings. Bill Dudley calls for Fed cut next week. Market decline and chip stocks selling pressure discussed. Economic updates, stock market movements, and concerns about the economy are highlighted.

Spot ether ETFs close lower on first trading day, Tesla disappoints with robotaxi delay and energy upside, CrowdStrike blames bug for global Windows meltdown. Analyst insights on top Ethereum funds, Apple eyeing foldable iPhone, and Alphabet profit rise.

Debut of US-Listed Ether ETFs and Market Updates, Coca-Cola's strong organic sales, CrowdStrike CEO called to Capitol Hill, Delta's struggles to resume operations, AI startup Cohere's $5.5B valuation soar

Wiz rejects Google's $23B acquisition deal, Mattel receives takeover approach from PE firm L Catterton, and WBD secures matching rights for NBA deal