This episode explores the growing impact of artificial intelligence (AI) on the finance sector. We delve into Intuit's latest AI-powered platform, discuss market reactions to recent rate cuts, and analyze the potential consequences of a dock workers strike on the beverage industry.
Hello and welcome to asking for a trend.We're breaking down the trends of today that move stocks tomorrow.So we're focusing on what you need to know to get ahead of the curve here.First, future of A I and your wallet is happening right now into it.
We declared our strategy to be an A I driven expert platform in 2018 when most were still trying to grasp the potential of A I. So Sandeep, talk to me about how much revenue you think you're gonna be able to attribute to A I moving forward.You know what excites me about the potential for A I is how it's going to redefine customer experiences and that leads to business upside from three primary avenues for us.
So that means a customer can quickly go from A I to engaging with a live human expert who has contextual awareness of the situation and deep expertise in the topic that customers trying to make an investment that itself provides an A block into increased A R PC.
There are, their revenue growth is up versus where it was pre pandemic, but it's uh lower over the last quarter versus where it was at the start of the year. But if you think that that stood out to me as we really continue to track these market moves one being utilities and the strength that we've just continued to see in this sector.
Now, this stemmed after we saw supply concerns the top of mind for investors when it comes to a possible retaliatory strike from Israel to Iran.And what could potentially happen with oil. But still something to keep in mind since geopolitical tensions often trickle through into the markets.You do, you've got a lot of stuff to monitor here and it looks like we are seeing a little bit of downside protection from traders, especially as we head into that non farm payrolls print tomorrow morning.But what else do we need to know heading into that all important day tomorrow?We're expecting non farm payrolls to increase by 150,000 unemployment rate expected to hold steady at 4.
But when you think about home buyers who are just wanting to know when the right time to get in is, I feel like I've certainly spoken with a lot of sources who said the whole time just do it now because it's just too hard to predict what the relationship of rates to prices is going to look like.It is probably a mistake to try to time the market because no one really knows where rates are going to go from here.We were probably gonna be kind of range bound in this six ish percent space.
So something that we will continue to monitor Claire, thank you so much, really appreciate you joining us on set here. Yeah, Chris, we've seen the National Retail Federation pressuring the Biden administration to evoke the Taft Hartley Act if things move further here, is that something that you would also consider?Obviously, and we know the Biden administration is resistant to that at this point, we just really hope and appreciate that, you know, there's strong interest in all parties involved with this and we certainly recognize and appreciate those hard workers that get the products off the ships and...
And I pose that question to former Federal Reserve Bank of Atlanta, President Dennis Lockhart earlier today.
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