Nvidia Drops as Markets Look Past Forecast; CDC Firing Uproar

Nvidia Drops as Markets Look Past Forecast; CDC Firing Uproar

On today's podcast:
1) Nvidia shares drop after the chip giant signals a slowdown in A-I spending. Meanwhile, markets shrug off the Nvidia disappointment and trade near record highs. Stocks shook off an initial drag from Nvidia Corp.’s sales outlook missing lofty expectations, indicating that momentum behind the record-breaking rally remains intact. The yield on 30-year Treasuries fell four basis points to 4.89% as pressure on long-dated debt eased, and European bonds staged a broad advance.
2) US companies plan to buy back shares at a historic pace, a sign of Corporate America’s confidence in the economy. Announced buybacks surpassed $1 trillion on Aug. 20, marking the shortest amount of time needed to reach that level, according to data compiled by Birinyi Associates.
3) The head of the CDC is fired in a dispute over Robert F. Kennedy Jr.'s vaccine policy. The Trump administration fired CDC Director Susan Monarez just weeks into her tenure, and at least three senior CDC leaders, including Demetre Daskalakis, Deb Houry, and Dan Jernigan, told coworkers they were resigning, citing reasons such as the "weaponizing of public health." The removal of Monarez and the resignations of senior leaders have intensified concerns about scientific integrity at the public health agency and underscore the growing distrust between many longtime agency scientists and Secretary Kennedy.

See omnystudio.com/listener for privacy information.

Avsnitt(1589)

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Guthrie Investigation Intensifies; Ten Dead in Canada School Shooting

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Memory Chip Squeeze Widens Gap; Alphabet's Global Debt Binge

Memory Chip Squeeze Widens Gap; Alphabet's Global Debt Binge

Today's top stories, with context, in just 15 minutes.On today's podcast:1) The relentless surge in memory chip prices over the past few months has driven a vast divide between winners and losers in t...

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Seahawks Win Super Bowl; China to Curb US Treasury Exposure

Seahawks Win Super Bowl; China to Curb US Treasury Exposure

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9 Feb 16min

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Amazon Selloff on Massive Spend; Bitcoin Traders Buy Dip

Amazon Selloff on Massive Spend; Bitcoin Traders Buy Dip

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6 Feb 16min

Trump Orders Minneapolis Pullback; US-Iran Talks Set for Friday

Trump Orders Minneapolis Pullback; US-Iran Talks Set for Friday

Today's top stories, with context, in just 15 minutes.On today's podcast:1) The Department of Homeland Security will immediately pull 700 officers from Minneapolis, a reduction of about a quarter, ami...

5 Feb 15min

Government Shutdown Ends; New Iran Negotiations

Government Shutdown Ends; New Iran Negotiations

Today's top stories, with context, in just 15 minutes.On today's podcast:1) The partial US government shutdown ended late Tuesday after President Trump signed into law a funding deal he negotiated wit...

4 Feb 15min

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Trump Lobbies for Shutdown Deal; Clintons to Testify in Epstein Inquiry

Today's top stories, with context, in just 15 minutes.On today's podcast:1) Republican opposition to President Trump’s deal with Democrats to end the partial US government shutdown began to crumble la...

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