MRKT MATRIX: August 30, 2024

Today’s Top Stories:

• S&P 500 rises, aims for fourth-straight winning month (CNBC)

• S&P 500’s Win Streak to Face ‘Bad September’ Test (Bloomberg)

• The Fed’s favorite inflation indicator increased 0.2% in July, as expected (CNBC)

• US Consumer Sentiment Rises for First Time in Five Months (Bloomberg)

• Goldman Sachs to Lay Off Over 1,300 Workers (WSJ)

• Intel working with bankers to present board with strategic options, sending shares up 8% (CNBC)

• Alibaba shares rise after it completes three-year regulatory overhaul (CNBC)

• Meta’s AI Assistant Wins Millions of Users in Challenge to ChatGPT (The Information)

• OpenAI considers changes to its corporate structure amid latest funding talks (FT)

Today’s On The Tape is Presented by CME Group and iConnections

The Market’s Rockin’ and a Conversation with Vincent Daniel and Porter Collins

On this episode of the "On the Tape" podcast, hosts Guy Adami and Danny Moses discuss the current state of the markets and the implications of recent economic indicators. The conversation delves into the performance of major companies like Dollar General and Walmart, highlighting shifts in consumer behavior and the impact on stock valuations. Later, Danny is joined by his "Big Short" colleagues Vincent Daniel and Porter Collins for a deep dive into current market dynamics. They discuss the recent volatility stemming from central bank actions, particularly the Bank of Japan's interventions, and the implications of the Jackson Hole symposium on U.S. monetary policy. The conversation shifts to the upcoming election and its potential impact on various sectors, including energy and consumer goods. Additionally, they explore investment strategies in gold and uranium, highlighting the importance of understanding macroeconomic trends and individual stock fundamentals.

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