Fed Announces Rate Decision Today with 99.9% Chance of Quarter-Point Cut
This episode is sponoserd by the best business card out there. The Capital One Venture X. Earn 150,000 Bonus Miles once you spend $30,000 in the first 3 months from account opening
Nvidia on Deal Spree as CEO Announces Domestic Chip Production in Arizona - Nvidia takes $1 billion stake in Nokia (shares up 22%), partners with Eli Lilly on AI drug discovery supercomputer, works with Lucid on self-driving; announces Blackwell GPU production now in Arizona instead of Taiwan; shares jump 5% toward $5 trillion valuation
Fed Announces Rate Decision Today with 99.9% Chance of Quarter-Point Cut - Federal Reserve expected to cut rates at 2 p.m. ET today with virtual certainty; investors watching for dissent and Powell's press conference clues on future policy amid data concerns from government shutdown
OpenAI Completes Restructuring with Microsoft Holding $135 Billion Stake - OpenAI Foundation now holds controlling $130 billion stake in for-profit OpenAI Group PBC; Microsoft confirmed to hold $135 billion investment (27% stake); Microsoft, Alphabet, and Meta report earnings after bell today
Government Shutdown Hits One Month as States Sue Over Food Stamp Benefits - Shutdown now second-longest in history; 24+ states sue Trump administration over SNAP benefits ending this weekend; federal judge extends ban on firing workers; air traffic controllers picking up second jobs while working without pay
Boeing Returns to Positive Cash Flow But Takes $4.9 Billion Charge on 777X Delays - Boeing reports first positive cash flow since 2023 but logs $4.9 billion charge for 777X delays; on track for most deliveries since 2018; CEO says "positive signs" but "still more work to do"
Mortgage Rates Hit One-Year Low at 6.3% as Refinancing Surges - 30-year mortgage rate drops to 6.3%, lowest in a year; refinancing hits highest level since mid-September; home-purchase applications rise for first time in five weeks as lower rates draw buyers back to market
Learn more about your ad choices. Visit megaphone.fm/adchoices
