MRKT MATRIX: December 4, 2024

Today’s Top Stories:

• S&P 500 and Nasdaq rise to fresh record highs as tech shares jump (CNBC)

• Fed’s Powell Expects Good Relations With Trump Administration (Bloomberg)

• GM Sees $5 Billion Hit to Restructure Troubled China Business (Bloomberg)

• Amazon Announces Supercomputer, New Server Powered by Homegrown AI Chips (WSJ)

• Apple Scratches Amazon’s Back (The Information)

• Apple Hits Snag Adapting Baidu’s AI Models for China Users (The Information)

• The Furious Contest to Unseat Nvidia as King of A.I. Chips (The New York Times)

• Meta Seeks New Nuclear Reactors to Run US Data Centers (Bloomberg)

• Lilly’s Zepbound Beats Novo’s Wegovy in Head-to-Head Trial (Bloomberg)

• French Far Right Joins Forces With Left to Topple Government (Bloomberg)

• South Korean Turmoil Strikes at Heart of US Alliances in Asia (Bloomberg)

• Saudi Arabia Is Losing Its Iron Grip on Global Oil Markets (WSJ)

Today’s MRKT Call is Presented by SoFi

S&P, Nasdaq Hit Record Highs: What to Buy Now

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

From Wall Street to Fintech with MoneyLion CEO & Founder Dee Choubey

Dan Nathan and Guy Adami interview Dee Choubey, CEO and founder of MoneyLion. Dee shares his journey from being a banker on Wall Street to starting MoneyLion in 2013, driven by the lessons learned from the global financial crisis. He emphasizes the importance of using alternative data to provide financial services to underserved populations and discusses how the fintech landscape evolved post-2008 financial crisis. Dee also describes MoneyLion's transformation from a lender to a comprehensive financial platform offering credit, investment services, and more. The conversation touches on the impact of rising interest rates, their strategic pivot to a marketplace model, and the company's plans to scale operations by leveraging AI and data assets. The hosts also explore regulatory challenges and the company's strategic marketing and product expansion.

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