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Nvidia Earnings, Minneapolis Hate Crime, COVID Vaccines, and Fed Policy Updates

Bloomberg PodcastsAugust 27, 20255 min227 views
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Wall Street and Nvidia's Performance

  • πŸ“ˆ Stocks closed higher on Wall Street ahead of Nvidia's results, with the S&P 500 gaining 15 points, the NASDAQ 46, and the Dow 147.
  • πŸ“Š The ten-year Treasury yield stood at 4.24%, and the two-year yield at 3.62%.
  • ⚠️ Investors are closely watching Nvidia's revenue in China and the impact of U.S. restrictions on advanced AI chip sales.

Minneapolis Hate Crime Investigation

  • πŸ’” The FBI is investigating a mass shooting at Annunciation Catholic Church in Minneapolis as domestic terrorism and a hate crime against Catholics.
  • β›ͺ Two children and 14 others were injured during mass, marking the first week of school at Annunciation Catholic School.
  • 🚨 The sole suspect, a man in his early twenties with no known criminal history, is deceased, and authorities are examining his motives.

COVID-19 Vaccine Updates and Fed Policy

  • πŸ’‰ U.S. regulators have approved two updated COVID vaccine versions for individuals 65 and older or with underlying medical conditions.
  • πŸ§‘β€βš•οΈ People over six months not in these categories can still receive vaccines with a doctor's approval.
  • 🏦 Treasury Secretary Scott Bessant reiterated his call for Fed Chair Jay Powell to review Fed board member Lisa Cook's conduct regarding mortgage fraud allegations.
  • βš–οΈ Kevin Hassett, Director of the National Economic Council, suggested Cook should take a leave of absence.
  • πŸ—£οΈ New York Fed President John Williams indicated that the upcoming policy meeting should be
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What’s Discussed

Nvidia EarningsStock MarketS&P 500NASDAQDow JonesTreasury YieldsAI ChipsMinneapolis ShootingHate CrimeDomestic TerrorismCatholic ChurchCOVID VaccinesFederal ReserveInterest RatesMortgage Fraud
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