MRKT MATRIX: August 7, 2024

Today’s Top Stories:

• Stocks close lower on Wednesday as market’s comeback attempt fizzles out (CNBC)

• Dimon Says He’s Skeptical Inflation Will Return to Fed’s 2% Target (Bloomberg)

• Warren Buffett now owns more T-bills than the Federal Reserve (CNBC)

• Bitcoin proving it’s not quite the ‘digital gold’ many traders were hoping for it to become (CNBC)

• Recession Risks Rise as Consumers Turn Cautious (NYT)

• 3 in 5 Americans think the economy is in a recession for these reasons (New York Post)

• Richer Americans Are Turning to IHOP, Applebee’s for Cheap Eats (Bloomberg)

• Disney Posts First-Ever Streaming Profit, Warns of Pressure on Theme-Parks Business (WSJ)

Today’s MRKT Call is Presented by SoFi

How Long Will The Party Last?

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

FX to FinTech: Insights Revealed from Current's CTO Trevor Marshall

Dan Nathan is joined by Trevor Marshall, CTO at Current to discuss recent trends in technology and finance. The episode covers the intricacies of generative AI, including market dynamics, Nvidia's large customer concentration, and the impact of rising rates in Japan on tech stocks and crypto. Trevor also shares insights on using machine learning in FinTech, particularly for customer service and fraud prevention, and the evolution of AI applications in consumer technology with references to Apple and Google’s advancements. Additionally, the discussion touches on the challenges faced by SaaS companies and potential shifts towards enterprise applications of AI. The episode also explores the current state and future of FinTech, emphasizing innovations like earned wage access and the effects of high rate environments on consumer credit.

Article On Our Radar

• As Regulators Close In, Nvidia Scrambles for a Response (NYT)

• A Reality Check on AI With Chevron’s CIO (The Information)

• Klarna Weighs Secondary Share Sale Ahead of IPO (The Information)

• The AI summer (Ben Evans)

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