Tuesday's trading session has wrapped and has moved into extended hours. Josh Lipton looks back on and forward to the biggest trends defining markets and...
I'm Josh Lipton and for the next half hour, we'll be breaking down the trends of today that will move stocks tomorrow.We're going to be diving into markets kicking off a new month with a sharp decline.
And that's, that's what Kamala Harris is picking up on because she's talked for the last two years about how she work to mcdonald's this summer when she was in college, she worked apparently in an Oakland chain in Oakland branch there. I, I was curious how you think this ultimately affects or impact impacts if at all mcdonald's, do we have a ab on that?Yeah, I mean, I think the big issue for mcdonald's right now is minimum wage efforts.
She wants to raise the minimum wage for everyone and has talked about mcdonald's specifically, but, but there are a lot of their efforts politically or at least at the state level and that, that could impact their bottom line. On the other side, we ask for a trend still to come while it doesn't seem like Kamala Harris and Donald Trump can agree on much.Former president, Trump has voiced his disapproval of the deal in the past and vice President Harris came out against Nippon steel takeover of us steel at a campaign stop in Pittsburgh on Monday saying us Steel is a historic American company and it is vital for our nation to maintain strong American companies but is opposition.
And Nippon said, hey, uh you know, uh, the Cleveland Cliffs is gonna pay, oh, I believe it was around $45 in cash and stock.They watch Stelco, a Canadian steel company in the meantime, um uh New corn and steel dynamics.So you're basically left on a stand alone basis. The seven seater is the lower volume model but you can buy, it's a $2000 upgrade, certain configurations, they only make the five seater in China.I I think it reflects a couple of things in China, Tesla sales are about flat year over year globally.You know, I'm sure we've talked about, you've talked about um you know, the, the need to refresh the product line up, the need to continue to innovate on the hardware side, not just make everything about uh autonomous driving.
Um and this really uh kind of feels like the, the first foldable that's more like a normal phone, right? But when you unfold it, it unfolds into an eight inch massive display, you know, to serve your entertainment, your productivity, your gaming, your creative needs to really to give you that extra leg up.Uh and also uh just watching the Mets lose all, you know, at the same time, actually win.Uh I guess what are you seeing as far as consumer interest on the side of, of the foldables?
And so there's a lot of capabilities plus all the additional foldable form uh features that are only relevant in in a in a form factor like this. I think you might have heard that when we talked about that at our made by Google event, really trying to focus on how we can bring that helpfulness and how we can utilize this uh this capability from all the models all the way to the hardware and the silicon.
That's according to Bloomberg, the the DOJ also sending subpoenas to third parties and antitrust officials appear to be concerned that NVIDIA is making it harder for its customers to switch suppliers.Um According to Bloomberg, here's how they phrase it, Dan, they say antitrust officials are concerned that NVIDIA is making it harder to switch to other suppliers and penalizes buyers that don't exclusively use its A I chips.
You know, there's uh a discussion about how NVIDIA will see which companies are able to take its products now and start implementing them now into the data center and I think that's something uh that, that officials are looking at and saying, you know, is, is this something that's good?So they're building uh uh companies are building on Nvidia's C A software is that locking them in kind of ensuring that they can't necessarily go somewhere else because, well, you've...
So when you see it down, that means that The Magnificent Seven is under performing and that hasn't happened, going all the way back to 2023 and certainly hasn't happened consistently with this kind of depth uh for quite a long time either as we see that sort of rotation continuing here. GLAB CEO and co founder saying the results show the combination of our end to end platform and A I Solutions are driving results for our customers by aligning to business goals, providing measurable benefits and security.
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