Stocks Sink on Hot Inflation Data

Dan Nathan, Guy Adami and Liz Young break down the top market headlines and bring you stock market trade ideas for Wednesday, April 10th

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Today’s Okay, Computer. is Presented by RBC and Current

A Notable Update On The IPO Landscape with Jeff Richards + Funders x Founders with Handshake’s Garett Lord

Topic Timestamps:
Dan is joined by Jeff Richards of Notable Capital about structural changes to the firm on top of the name change from GGV Capital (3:15). The guys also discuss Jeff’s view on the startup environment (6:05), AI Valuations May Be Coming Down To Earth (10:45), the interest rate impact on valuations and new investments (15:45), is the 2024 IPO class is more resilient than the last round (19:30), Adobe’s skid around a lack of AI (21:30), potential headwinds (32:30), AI as a tailwind for small business (37:30).

After the break, Dan and Jeff are joined by Garrett Lord, co-founder & CEO of Handshake. The trios discuss Handshake’s origin story (41:30), how Handshake compares to competitors like LinkedIn or Indeed (45:00), what drew Jeff to the company (46:00), how Handshake partners with academic institutions (49:20), what attracted Jeff to Handshake’s business model (51:40), the job market for college graduates (55:00), how technology has changed recruiting after college (57:30), the labor market (59:45), the student experience (1:03:30), evolving as a founder and CEO (1:05:30), what excites him about the future (1:09:30).

WHAT WE’RE READING

• Consumer Prices Rose 3.5% From A Year Ago in March, More Than Expected (CNBC)

• Hot Inflation Report Derails Case for Fed’s June Rate Cut (WSJ)

• Stocks Hit by Fed-Pivot Rethink as Oil Climbs (Bloomberg)

• Powell’s Soft-Landing Dream In Danger as Traders Hedge Inflation (Bloomberg)

• Economic Surprises Could Fuel Fed Deja Vu for the 2010s (WSJ)

• Nvidia Enters Correction Territory as Stock Falls 10% From All-Time Highs (CNBC)

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