Are markets too creative? – NBC 6 South Florida

This record is from today’s CNBC Day-to-Day Viewable, our world markets publication. CNBC’s day-to-day view gives shoppers everything they need to know, no matter where they are. Like what did you see? you will subscribe right here,

What do you want to understand these days

Marketplace Report Highest
The S&P 500 and Nasdaq Composite ended the consultation at all-time highs as buyers waited for inflation data to evaluate the US financial coverage path. Apple continued its winning streak with its 5th consecutive record high and Nvidia also saw positive aspects. On the other hand, the Dow Jones Commercial Regional declined relatively. 10-year Treasury yields were little changed, as US oil prices fell as Tropical Storm Beryl made landfall.

elliott proxy conflict ultimatum
Activist investor Elliott Controls has threatened a proxy fight with Southwest Airways unless its board assures barter management adjustments. Elliott wants to oust CEO Bob Jordan and government chairman Gary Kelly, citing poor performance and cultural problems. The investor claims the board’s latest moves, including adopting a poison pill and enlarging the board, are “intrusive moves”. Upon learning of the collaboration, Elliott plans to give shareholders a say in management adjustments if the board remains unresponsive.

Corning’s AI Pop
Corning’s stores rose 12% on Monday, its biggest jump since March 2020, after the company raised its second-quarter forecast. Corning attributed the expansion to greater demand for its Direct Connectivity products, which back up generator AI networks. “We have used new fiber, new cables, new connectors and new custom integrated optical solutions to dramatically reduce installation costs, overall time and space and carbon footprint,” Corning CEO Wendell Weeks said on CNBC’s “Squawk Box.” Invented.”

Germany’s Bitcoin sold
The German government is promoting the use of Bitcoin to the tune of millions of dollars, contributing to the cryptocurrency’s fresh price surge. Police in the eastern German region of Saxony seized about 50,000 bitcoins in mid-January, worth about $2.2 billion at the time of the seizure. Despite boosting the use of Bitcoin to $379 million in recent weeks, Germany’s Federal Criminal Police Office still holds approximately 32,488 Bitcoins – worth about $1.9 billion at today’s prices.

Strike report of Japanese stocks on top
The broader Topix strike hit record highs amid a broader rally in Asia-Pacific markets, including Japan’s export-heavy Nikkei 225. Australia’s S&P/ASX 200 received trade self-assurance in June, in line with the Nationwide Australia Storage Facility. South Korea’s Kospi is on the rise. Hong Kong’s Hold Seng index and mainland China’s CSI 300 rose 0.1% and minus.68%, respectively.

(Pro)AI bottleneck
The information center is a barrier to expansion and the energy transition that could hinder expansion in Al and hinder efforts to reduce fossil gas dependence. Here are some tips from analysts about how to play the game on the field.

base order

As the S&P 500 continues to surge and reach its 35th record top this year, Oppenheimer’s renowned funding strategist, John Stoltzfus, has raised his S&P 500 target to 5,900 – the second-best possible target on Wall Boulevard . But, a way to give warning is being prepared. Goldman Sachs dealer Scott Rubner is on alert for a market correction. They believe that the market, along with them, is highly creative.

Rubner is not alone in his thoughts. An increasing number of traders are making large investments in synthetic intelligence. Roger McNamee, managing director of Elevation Partners, warned that investors would want to find a “safe place to land” because the end use of AI would not justify the investment.

McNamee said, “I think Microsoft is investing about $10 billion a month in data centers and the industry is investing about $15 billion. We need about $600 million to justify this amount of investment. Requires revenue of Rs. ,

“We’re making assumptions about what this technology can do, which we haven’t proven, and we’re applying it in places where it might not work. If that’s true, then the hysteria is over.” “That’s going to happen, and there’s going to be huge impacts on all the biggest stocks, the S&P 500.”

Ed Yardeni, president of Yardeni Analysis, described the market as a “slow melt.” Traders It appears likely that if the economy slows significantly or enters a recession, the federal Reserve would temporarily lower interest rates, Yardeni said.

This era could provide more clarity on the direction of the market, with Federal Reserve Chairman Jerome Powell set to testify before Congress on Tuesday and Wednesday, and with the biggest inflation information coming on Thursday, which could potentially push interest rates. Can affect expectations.

Former Dallas Fed President Robert Kaplan expects the Fed to cut rates in September.

“If I were sitting in my former seat, I would be getting ready to cut rates in September,” Kaplan said on CNBC’s “Squawk Box” on Monday. “I wouldn’t make any commitments between now and then, but I think they are in a position to cut rates in September, and they will consider it one meeting at a time.”

— CNBC’s Jeff Cox, Brian Evans, Piya Singh, Scott Schnipper, Katie Bartlett, Ryan Brown, Fred Imbert, Spencer Kimball, Rohan Goswami, Weizen Tan and Li Ying Shan contributed to this record.