SQUAWK BOX, THURSDAY 7TH MARCH, 2024

SQUAWK BOX, THURSDAY 7TH MARCH, 2024

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OpenAI revenue report triggers volatile AI trade

CNBC confirms that OpenAI told investors its annualised revenue came in roughly $20 billion below that expected at the end of September, with the news pushing AI names including Nvidia, Oracle and Coreweave deep into the red. Meanwhile, Ray Dalio tells us the stock market's cushi ...  Show more

Fed minutes reduce October rate hike odds

The global bond rout eases as the latest Fed minutes dial back the odds of a rate hike this month - shifting expectations to December instead - while Wednesday's successful 10-year Treasury auction draws solid demand, bringing the yield down from a 24-year high. Meanwhile, France ...  Show more

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US Markets Wrap: Clue on rate cuts later in 2024?
US Markets Wrap

The FOMC maintained the target range for the fed funds rate at 5.25% - 5.50% at the conclusion of the June meeting, while continuing to stress that rate cuts will remain elusive until policymakers have gained sufficient confidence that inflation is on a path to return towards the ...  Show more

Jerome Powell
The David Rubenstein Show

Federal Reserve Chair Jerome Powell said second-quarter economic data has provided policymakers greater confidence that inflation is heading down to the central bank’s 2% goal, possibly paving the way for near-term interest-rate cuts. In an interview with Bloomberg Host and Carly ...  Show more

BONUS: Fed Chair Jerome Powell Talks Fed Rates Outlook
Wall Street Week

Speaking at the Economic Club of New York, Federal Reserve chair Jerome Powell suggested the Fed could hold interest rates steady again at its next meeting. But, he warned a future hike isn't out of the question. Powell sat down for an exclusive conversation with Bloomberg Wall S ...  Show more

Fed's Powell sticks to his guns
Wall Street Breakfast

The Fed chairman reiterated a wait-and-see approach on rates with tariff impact uncertain. (0:15) Consumer confidence unexpectedly tumbles. (1:39) Trump lashes out at Israel and Iran. (2:04)Show NotesOil prices sink on Iran export expectationsDoughnut divorceSpeeding Tesla robota ...  Show more