Jackson Hole Points to Hard Road Ahead for Powell; Wall Street Awaits Nvidia Earnings

Jackson Hole Points to Hard Road Ahead for Powell; Wall Street Awaits Nvidia Earnings

On today's podcast:
1) The Federal Reserve's Jackson Hole symposium was a tense affair, with Chair Jerome Powell signaling an interest-rate cut as soon as the next policy meeting in September, despite clear divisions among policymakers.
2) Traders are breathing easier heading into this week after Federal Reserve Chair Jerome Powell indicated that interest rate cuts are coming. The next test for the stock market will be a read on what’s been driving gains for the past few years: artificial intelligence euphoria.
3) SpaceX delayed a critical test flight of its massive Starship rocket roughly half an hour before liftoff on Sunday, saying it needed to troubleshoot an unspecified problem with its ground systems.

See omnystudio.com/listener for privacy information.

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Episoder(1708)

US at Odds With Allies Over Hormuz, G7 Summit in France Begins

US at Odds With Allies Over Hormuz, G7 Summit in France Begins

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US, Iran Halt War; Global Stocks Surge on Deal

US, Iran Halt War; Global Stocks Surge on Deal

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15 Jun 15min

Daybreak Weekend: Fed Meeting, UK Election, BOJ Decision

Daybreak Weekend: Fed Meeting, UK Election, BOJ Decision

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12 Jun 37min

Instant Reaction: SpaceX Jumps in First Trades Following Record $75 Billion IPO

Instant Reaction: SpaceX Jumps in First Trades Following Record $75 Billion IPO

Shares of SpaceX climbed in their first day of trading on Friday following a $75 billion IPO that smashed records and instantly turned the crown jewel of Elon Musk’s empire into one of the most valuab...

12 Jun 16min

SpaceX IPO Debuts; US-Iran Deal Nears

SpaceX IPO Debuts; US-Iran Deal Nears

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12 Jun 23min

Knicks Historic Comeback; Trump Promises Iran Attacks if No Deal

Knicks Historic Comeback; Trump Promises Iran Attacks if No Deal

Today's top stories, with context, in just 15 minutes.On today's podcast:1) The New York Knicks came from 29 points down to beat the San Antonio Spurs 107-106 in Game 4 of the NBA Finals, taking a 3-1...

11 Jun 16min

US-Iran Exchange Strikes; Platner Wins Maine Primary

US-Iran Exchange Strikes; Platner Wins Maine Primary

Today's top stories, with context, in just 15 minutes.On today's podcast:1) The US and Iran exchanged strikes overnight after President Trump retaliated against Tehran for shooting down an American Ap...

10 Jun 18min

Trump Renews Iran Deal Claims; Knicks Drop Game 3 to the Spurs

Trump Renews Iran Deal Claims; Knicks Drop Game 3 to the Spurs

Today's top stories, with context, in just 15 minutes.On today's podcast:1) President Trump renewed his claims of momentum toward ending the conflict with Iran after a halt to hostilities between Isra...

9 Jun 20min

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