Wall Street Breakfast

Fed holds rates with just one rate cut in 2024, May CPI cooler than expected, Stock market rallies to new highs as yields drop. Oracle shines, oil markets face surplus, tech buy ratings, oil demand outlook, ETF industry shift.

Paramount Global's failed merger talks with Skydance, Musk dropping lawsuit against OpenAI, US widening sanctions on chip sales to Russia. Insights on biggest stock movers, Joey Chestnut banned from Nathan's contest, and quality growth stocks in apparel and fitness. Overview of investor events, market updates, and economic calendar including FOMC announcement and Fed Chair Powell's speech.

Elon Musk threatens to ban Apple products for security reasons. Analyst warns of potential market downturn due to high CPI. Ford emerges as top pick in auto sector. Tesla surpasses Chevron as the most shorted large-cap stock in May. General Motors approves $6B share repurchase program. Supreme Court seeks Biden administration views on Honolulu climate lawsuit.

New Apple Intelligence unveiled at WWDC, CVS generics recalled more than Walgreens, DXC Technology potential joint bid from Apollo and Kyndryl

AMD downgraded on AI potential, Goldman predicts rate cuts. DraftKings named top pick. Market updates include caution on AI, stock splits, and Fed rate cuts. Insights on stock market indices, liquidity premium by Goldman Sachs.

Japanese automakers accused of falsifying safety data, Tesla Model Y won't have a refresh, and activist investor Elliot takes stake in Southwest Airlines

The podcast discusses the Fed's dot plot post strong jobs report, Apple's significant WWDC keynote, and Tesla's pending vote on Musk's pay package.

In this podcast, they discuss the upcoming May jobs report showing a more balanced labor market. They also talk about Affirm introducing new BNPL payment options, Robinhood's acquisition of Bitstamp to expand crypto business, and updates on stock movers, GameStop earnings, and Cathie Wood's perspective on ARKK and AI.

The podcast discusses the ECB lowering rates by 25 basis points, NIO shares dropping post-earnings, and Evercore being bullish on Carvana. It also covers topics such as Alzheimer's therapies, market cap analysis, and stock concentration trends.

Antitrust challenges for Nvidia and others, Zoox expands robotaxi testing, Tempus sets terms for IPO, S&P downgrades Spirit Airlines, Lululemon's strong Q1, Victoria's Secret sales decline