RiskReversal Recap: April 3, 2024

Today’s MRKT Call is Presented by SoFi

What Happens To Stocks If The Fed Doesn’t Cut Rates?

Dan Nathan, Guy Adami and Liz Young break down the top market headlines and bring you stock market trade ideas for Wednesday, April 3rd.

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In the last month, Costco (COST) quietly entered correction territory

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

Tech Partying Like Its 2021 with Rick Heitzmann + A Better Way To Carpool with Joanna McFarland CEO of HopSkipDrive

Topic Timecodes audio:
On this episode of “Okay, Computer,” Dan Nathan and Rick Heitzmann of FirstMark Capital give an update on the IPO market, and what to expect from some of the most valuable unicorns in 2024. Topics they hit include; the Reddit IPO (4:00), IPO outlook for 2024 (10:30), investing in AI (14:00), software haves vs. have nots (21:00)

Later, they are joined by Joanna McFarland, Co-Founder & CEO of HopSkipDrive, for the latest installment of Funders x Founders. They discuss The inspiration for starting HopSkipDrive & its early days (31:00), biggest challenges faced & the business model (34:15), navigating the pandemic in 2020 (40:00), solving the school transportation problem with AI software (46:30), safety (52:00), total addressable market and the future with AI (55:30).

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WHAT WE’RE READING

  • Powell Says Fed Has Time to Assess Data Before Deciding to Cut (Bloomberg)

  • Atlanta Fed President Bostic Sees Only One Rate Cut This Year, Occurring in the Fourth Quarter (CNBC)

  • David Einhorn Thinks Inflation is Reaccelerating and Has Made Gold a Very Large Position (CNBC)

  • Full Steam Ahead: The 2024 MAD (Machine Learning, AI & Data) Landscape (Matt Turck)

  • The Complete List of Most Valuable Unicorn Companies (CB Insights)

  • Huge AI Funding Leads to Hype and ‘Grifting’, Warns DeepMind’s Demis Hassabis (FinancialTimes)