🧠 S&P 500 reaches 30 PE / Nvidia to invest $100B in OpenAI amidst AI bubble concern

🏛️ Financial News

• US Inflation 💸 CNBC: Fed’s gauge shows core inflation rate held at 2.9% in August, as expected

•  Jobs Report : Claims 💼 Reuters via Yahoo! Finance: Jobless claims tumble to 218,000, well below estimate despite fears of labor market weakness

• Social Media 🤳 NBC News: Trump signs executive order facilitating TikTok deal

  • CNBC: Oracle, Silver Lake and MGX will be main investors in TikTok U.S., sources say

  •  CNBC: China stays conspicuously quiet after Trump’s TikTok deal declaration

• US GDP 🏭 CNN: The US economy grew at a 3.8% rate in the second quarter, significantly stronger than previously reported

• US Tariffs 🗽 CNN: Trump announces 25% tariff on trucks and 30% tariff on furniture

• Fierce Pharma: US to impose 100% tariff on branded, patented drugs unless firms build plants locally, Trump says

• Consumer Sentiment 🛒 CNN: Top 20% of Americans are keeping the economy alive. That's not a good sign.

• Housing 🏘️ CNBC: Single-family rent growth is starting to show new weakness

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📊 Global Markets

• S&P 500 $VOO ( ▲ 0.28% )🌍 Yahoo! Finance: The S&P 500’s PE ratio just hit 30. That number is a terrible omen for investors

• Canada Markets $TSX.TSX ( 0.0% ) 🍁 Yahoo! Finance: Toronto Stock Exchange flirts with all-time-high 30,000 threshold, on track to outperform the S&P 500

• Europe Markets $STOXX ( 0.0% ) 🏰 euronews: Pharma tariffs: The EU's confident it can dodge US measures

  •  euronews: Germany’s Bosch to cut 13,000 jobs at its auto-parts business

  •  CNBC: EV sales surge across EU as overall car market stalls

  • Sherwood by Robinhood: BYD outsells Tesla in EU for second month, Stellantis returns to sales growth

• Emerging Markets $VWO ( ▲ 0.52% ) 🌱 Morningstar: As emerging market stocks rally, here’s why it’s worth watching the BRICS+

• India Markets $NSEINDIA.P ( 0.0% ) 🕌 CNBC: India is betting $18B to build a chip powerhouse. Here’s what it means

• Silver Market $SLV ( ▼ 1.32% ) 🥈 Yahoo! Finance: Silver hits $45 for first time since 2011, as gold nears record

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📈 Stocks

• Technology $AMZN ( ▲ 1.09% ) 🛒 AP News: Amazon to pay $2.5B to settle FTC allegations it duped customers into enrolling in Prime

• Retail : Staples $CSCO ( ▲ 0.74% ) 🛒CNBC: Costco tops earnings, revenue estimates as warehouse club gains more members

• Restaurants : Fast Casual $SBUX ( ▲ 2.7% )☕ CNN: Starbucks will close 1% of North America stores and cut 900 jobs

• Video Games : Studios $EA ( ▲ 4.5% )🎮 CNBC: Electronic Arts stock closes up 15% on report company near $50B deal to go private

• Media : Studios $DIS ( ▼ 0.15% ) 🐭 CNBC: Disney raises prices for streaming packages

  • CNBC: Disney investors say handling of Jimmy Kimmel suspension put politics over shareholders, demand records

• Communications $T ( ▼ 0.85% )☎️ Sherwood by Robinhood: T-Mobile and Verizon are seeing strong iPhone sales, too

  • CNBC: Auto Industry Is Flashing a Warning Sign on U.S. Economy

• Automakers $F ( ▲ 0.66% ) 🚘 WSJ via MSN: Ford Courts Riskier Borrowers With Lower Rates for F-150 Pickups

• Autos : Retailers $KMX ( ▲ 0.87% ) 🚗 CNBC: CarMax’s sales and profit plunged in the latest quarter, sending stock down 20%

• Autos : Retailers $AZO ( ▲ 1.81% ) 🔩 Investing-com via Yahoo! Finance: AutoZone Q4 earnings miss estimates as LIFO charge weighs on profits

• Healthcare : Pharmaceuticals $NVO ( ▼ 2.72% ) 💊 CNBC: Eli Lilly to build $6.5B Texas manufacturing facility for obesity pill, other drugs

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🌐 Technology 

• Semi-conductors $NVDA ( ▲ 2.05% ) 🧇 Yahoo! Finance: Nvidia stock jumps on $100B OpenAI data center investment as Huang touts 'biggest AI infrastructure project in history'

• Technology $AAPL ( ▲ 0.3% ) 🍎 CNBC: Apple’s stock turns positive for the year after iPhone 17 launch

• Communications $META ( ▼ 1.6% ) 👥 TheVerge: Instagram has surpassed 3 billion monthly active users

• Autos : EV $TSLA ( ▲ 0.64% ) 🔌 Yahoo! Finance:  Tesla stock jumps to new 2025 closing high as bull run rolls on

  • Yahoo! Finance: How Tesla's Robotaxi Service Looks 3 Months After Launch

• Semi-conductors : CPUs $INTC ( ▼ 2.87% ) 🧇 CNBC: Intel jumps on report of early-stage Apple investment talks

• Technology : China $BABA ( ▲ 4.65% ) 🐉 euronews: Tech giant Alibaba sees shares rise after CEO pledges AI spending lift

• Data Center : Memory $MU ( ▲ 0.85% )⚒️ CNBC: Micron beats on earnings as company sales rise 46% on AI boom

• Services : IT Consulting $ACN ( ▲ 1.15% )👩🏻‍💼 Reuters via Yahoo! Finance: Accenture beats revenue estimates, plans $865M restructuring amid AI shift

  • CNBC: Accenture plans on ‘exiting’ staff who can’t be reskilled on AI amid restructuring strategy

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As fed rates lower, now’s a great time to re-evaluate your portfolio’s real-estate exposure, as home-owners, residential, CRE operators re-finance long-term loans. So, please kick the tires on our new 🏬 Real Estate GPT tool and send suggestions or feedback to [email protected]

Thanks to the RocketMoney App for sponsoring, we’ll be back next Saturday morning to recap the week’s financial news.

✨ Happy Unprompting,

Rawee
[email protected]

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