The Federal Reserve finally made its big move, cutting its benchmark interest rate by 50 basis points. It marks the Fed's first cut in more than four years. ...
, White House AI advisor and founder and CEO of Credo AI. She explains why companies need to care about AI regulation.We're breaking down the trends of today that will move stocks tomorrow.We're to be diving into the Federal Reserve goes big.
The champagne because for the last three years, it's just been a lot of headwinds, but we're so excited about this and we've seen over the course of the last several weeks even coming out of August, which is typically a quiet time.And, and that's because expectations, expectations, we knew that this was going to happen.But I, I believe we certainly did, but half a point is big news.
We, we, we had a bidding or on a, on a property that was just a million and a half dollars a few weeks ago. You know, there, there are things that come up in life where you have to move, whether it's expected or unexpected.We, we make our clients, our family and, and, and, and it's about, it's, it's, it's, that's what it's about at the end of the day, doing the right thing by people and telling the truth.
And I think it gives sellers a lot of latitude too that we've of course, had some conversations with sellers who read the tea leaves wrong and said so I don't have to pay a broker, a buyer's commission like you don't have to, but you won't be seeing any buyers brokers.Housing starts uh data coming out today and climbing in August the fastest pace since April for more.Danny Josh, good news for the new home market.
The big question still remains is will mortgage rates continue to move downward and a message from Fed Chairman Jerome Powell today.But if things work out to their forecast, other rates in the economy will move lower.Real estate stocks are, are really having a moment and they could even extend their rally.
And also um maybe you're also your White House A I advisor role in Narina walk us through the responsibilities there.So, Credo A I is the leading provider of A I governance software, uh which basically means we help you with not only identifying A I risk, manage them at scale and also making sure they are compliant to emerging regulations.
So when you have systems which are so powerful, it becomes really important for enterprises, but also policymakers to think about how to put guardrails. So there's been a recent set of bills that have been passed in California, but one that has been debated extensively is something called as SB 1047. We are making making sure that standards like nist risk management framework is so regulations like EU A I Act are easily available, not just to, you know, high tech enterprises, but to start ups and SM BS so that they can continue to bring innovative A I technology to bear while making sure responsible use happens for humanity.
So that is why we're focusing on that and compare that 12% to that level that we were not too long ago. And then beyond that, they talked about the fact that they were worried about risks as it pertains to geopolitics and they're also worried about inflation. Uh Let's see, we'll pick the zoom and then you can slide, go back and forth through different zoom levels.But to do that, you have to get your hands on the screen.So this is supposed to be a way of being able to do that.Uh There's a co couple of cool things in that uh in that there's uh some new kind of uh styles that they use uh in these photos.Uh My wife was actually playing around with it and she had some uh great shots already.
Uh, they're gonna get 6.3 inches and instead of 6.7 they're gonna get 6.9 the bodies are a little bit bigger. Uh, the, I mean, you're gonna go all day with these batteries So if that's a problem for your current phone, go ahead and upgrade with these, the cameras.But that's kind of a given when, when it comes to the newest phones, I think if you're running uh you know, 1514, anything below that, these are a great upgrade.
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