Mixed Big Tech Earnings, Powell Says He'll Stay at Fed as Governor

About this episode

The episode discusses mixed earnings from major tech companies and insights from Federal Reserve officials on interest rates and economic policy.

US equity futures rose, reversing earlier declines, helped along by late-market gains in Alphabet Inc. and Amazon.com Inc. Meanwhile, Meta Platforms Inc. shares slid in post-market trading alongside Microsoft Corp., keeping alive lingering concerns over artificial intelligence spending. We heard from Maribel Lopez, Lopez Research Founder and Principal Analyst. She spoke to Bloomberg's Shery Ahn and Haidi Stroud-Watts. Plus - Federal Reserve officials left interest rates unchanged, but revealed a deepening division over the outlook for policy amid increased uncertainty caused by the conflict in the Middle East. Four officials voted against the decision, including three who objected to language in their post-meeting statement that suggested the central bank would eventually resume cutting rates. In what will be his last press conference as Fed chair, Jerome Powell said he intends to remain at the central bank as a member of its Board of Governors. We heard from Jeanette Garretty, Robertson Stephens Chief Economist. She spoke to Bloomberg's Haidi Stroud-Watts and Shery Ahn.  See omnystudio.com/listener for privacy information.

People in this episode

Hosts: Shery Ahn, Haidi Stroud-Watts

Guests: Maribel Lopez, Jeanette Garretty

Topics covered

• Big Tech Earnings
• Federal Reserve
• Interest Rates
• Market Analysis
• Economic Outlook

Keywords

• Big Tech
• Earnings
• Federal Reserve
• Interest Rates
• Jerome Powell
• Market Gains
• AI Spending

Mentioned in this episode

Organizations: Alphabet Inc., Amazon.com Inc., Meta Platforms Inc., Microsoft Corp., Federal Reserve, Robertson Stephens

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