MRKT MATRIX: May 24, 2024

Today’s Top Stories:

• Market Wrap (FactSet Data & CNBC)

• Highest Number Of S&P 500 Companies Citing “Ai” On Earnings Calls Over Past 10 Years (FactSet)

• Fed’s Bostic Says Policy Is Taking Longer to Slow Growth (Bloomberg)

• Janet Yellen says many Americans still struggling with inflation (FT)

• University of Michigan Consumer Sentiment Report (Univerity of Michigan)

• Eli Lilly to invest another $5.3 billion in Indiana plant to expand Mounjaro, Zepbound supply (CNBC)

• Tesla slashes Model Y production in Shanghai, data shows (Reuters)

• SEC approves ether ETFs, signaling change for crypto in the U.S. (Axios)

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

Under The Market Surface with The Wall Street Skinny

On this episode of “On The Tape,” Guy Adami and Danny Moses discuss deterioration under the market surface (2:00), Walmart vs. Target (4:00), Nvidia/semi trade (8:00), Tesla (14:00), Fed speak/data (17:30), bank stocks (18:30), Bank of Japan (27:30), Live Nation antitrust lawsuit (32:00), GameStop (36:00), and RiskReversal’s MRKT Matrix (42:00).

Later, Guy and Dan Nathan interview Kristen Kelly and Jennifer Saarbach for The Wall Street Skinny. They chat about their backgrounds (46:00), starting “The Wall Street Skinny” (49:00), their experiences on Wall Street (51:00), financial literacy and education (54:00), building a community (57:00), their vision for the future (1:05:00), and advice for young professionals (1:10:00).

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