What’s News in Markets: Bond Selloff, Big Nvidia Deals, Apple’s New CEO
Summary
Markets faced a rocky Labor Day weekend as Middle East conflict pushed Brent crude above $90 and bond yields to multi-year highs, fueled by inflation concerns and a strong jobs report. Nvidia expanded its AI dominance through major deals, including a $3.5 billion investment in MediaTek and a $13 billion acquisition of Hugging Face. Meanwhile, Apple transitioned to new CEO John Ternus, who faces the challenge of revitalizing the company's lagging AI efforts after Tim Cook's 15-year tenure.
Topics discussed
Sponsor: Abercrombie & Kent luxury travel
Introduction and show overview
Market recap: Oil prices and inflation concerns
Stock performance and rising bond yields
Fed rate hike odds after jobs report
Nvidia deals: MediaTek investment and Lambda cloud
Nvidia acquires Hugging Face for $13B
Nvidia stock reaction and Apple CEO transition
John Ternus challenges: AI competition for Apple
Apple stock performance and show sign-off
Sponsor: AWS AI tools and agents
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