Beat the Street: US jobless claims; inflation; Fed; Streaming wars
Investors await the latest jobless claims figures, inflation, and speeches from Fed officials to figure out the Fed’s next move on interest rates. Warner Bros Discovery raises the stakes in the global streaming war.
This news negatively affects Apple's stock because China is a big market for iPhones. Ong also mentions that there will be an update on the 737 MAX supplier issue, which is important for Boeing. Ong also talks about recent market performance, with Wall Street closing low on Wednesday.
She mentions that concerns about sticky inflation, which is when prices keep going up, and how it could affect interest rates. Ong also provides an update on jobless claims data, which shows weak job growth. This is important because the strength of the job market affects the Fed's decisions on interest rates. There are also speeches by Fed officials that investors are watching closely. These officials will talk about future interest rates and borrowing costs. Ong also mentions the impact of inflation and rising energy prices on interest rates and the US dollar.
The video also includes insights from a technical analyst who talks about trading opportunities in the current environment of high prices. They focus on discretionary stocks, like Starbucks, which are stocks for things people can choose to buy. Ong also updates viewers on other important news, like Apple's ban in China and new rules for tech companies in the EU.
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