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Marley Kayden takes a closer look into Snowflake's (SNOW) earnings rally, backed by a $6 billion deal with Amazon's (AMZN) AWS cloud. She recaps commentary from Snowflake's CEO, who says, "AI is fundamentally reshaping how work gets done." Joe Tigay walks us through an example options trade for the stock.
Dell Technologies (DELL) reports earnings after the closing bell Thursday as shares experience a parabolic rally pushing the stock to repeat record highs. Rick Ducat takes a closer look into the price action to highlight key support and resistance areas into the report. He highlights an example options trade for Dell.
While the rest of the world is gasping for oil, China is well prepared. Large reserves, massive investment and now, in the midst of an energy crisis, the big pay-off.
Markets are ending the week in full euphoria mode. The S&P 500 and Nasdaq hit fresh record highs as investors continue piling into AI stocks despite rising inflation, surging bond yields and escalating geopolitical tensions in the Middle East. Oil prices climbed back above $100 per barrel, Japanese yields pushed far beyond levels once considered dangerous for global carry trades, and US consumers are increasingly struggling with debt repayments. Yet none of it seems capable of slowing the AI rally.
In this episode, we dive into why investors are ignoring the macro warning signs, how massive AI spending is increasingly financed through debt markets, why rising yields could become a real problem for Big Tech valuations, and whether the market is underestimating the risk of another period of sticky inflation.
Watch the full episode to find out more!
0:00 Intro
0:58 US/China summit went well!
1:43 Markets rallied, but fundamentals are alarming
4:27 What is the Biggest Risk for Big Tech?
ABC News' Maggie Rulli reports on Europe’s summer travel season hitting turbulence as fuel shortages drive up airfares and leave travelers scrambling to make new plans.
Oil holds above $110 a barrel as fighting in the Gulf intensifies, with Iranian forces striking a UAE oil installation and small boats exchanging fire with U.S. forces near the Strait of Hormuz. Meanwhile, a sharp upgrade to U.S. earnings forecasts and soaring AI spending projections keep equity investors from heading for the exits.
High frequency trading has transformed Wall Street into a universe of algorithms. No other firm captures this digital upheaval quite like Jane Street. Barely on the radar a decade ago, the market maker made a record-setting $39 billion in trading revenue last year, outearning the big banks and rivals. Many are wondering what’s behind its unprecedented success.
Read More: Jane Street Snatches Wall Street Crown With Record $39.6 Billion Trading Haul
The ECB and the Bank of England are both expected to hold rates steady this week, despite the energy crisis. Michael Browne of Franklin Templeton told Reuters they shouldn't wait to hike, given the size of the inflation shock that is coming.
Oil traders shrug at U.S. President Donald Trump's Iran ceasefire extension. Tesla kicks off a crucial earnings week. Plus, Kevin Warsh signals a future where Fed independence comes with real trade-offs.