‘Boeing needs to get its house in order’ - Versace
‘The multiple safety incidents plaguing Boeing shows the planemaker needs to get its house in order’, says Chris Versace, Tematica Research's CIO.
He also speaks to IGTV's Angeline Ong about why we could be waiting a little longer for that Fed rate cut.
(AI Video Summary)
Discussing economic data figures
In this interview, IGTV presenter, Angeline Ong, and Tematica Reseach's CIO, Chris Versace, discuss upcoming economic data and its potential impact on the financial markets. Versace expects the producer prices to confirm the recent increase in consumer prices and believes that the rising selling prices seen in the manufacturing sector may also be reflected in producer prices. This could lead to higher expectations for economic growth and delay potential interest rate cuts by the Federal Reserve.
The National Retail Federation has also reported positive spending figures, which, if confirmed by the retail sales data, could further boost expectations for economic growth.
Discussing Oracle and Boeing
They also discuss the recent performance of Oracle's stock and the possibility of a partnership with NVIDIA, known for its expertise in artificial intelligence. Oracle has surprised the market with strong growth in its cloud services, and a partnership with NVIDIA in the data center industry seems plausible.
On the other hand, Boeing is facing challenges due to issues with the FAA and a mid-flight incident. Versace suggests that in order to regain trust, Boeing may need to re-evaluate its leadership and management.
Future of TikTok in the US
The conversation then shifts to the upcoming US House vote on the future of TikTok. There are two possible outcomes: TikTok may either be banned or continue its operations. If banned, advertising dollars may flow to other social media platforms like Instagram and Facebook. However, with the entry of companies like Apple and Amazon into the digital advertising space, the advertising dynamics could change significantly. This situation could be particularly interesting for these other players if TikTok is indeed banned.
Overall, the video discusses how upcoming economic data and company developments can impact the financial markets. It provides insights into potential investment opportunities and highlights the importance of staying informed about market trends.
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