Market update for September 14th Limited Time Promo: Sign up for a Public account, Deposit $1,000 and get $100 in free stock (LINK) Follow us on Instagram (@TheRundownDaily) for bonus content and instant reactions. In today’s episode, Zaid covers: Why the market is pricing in a 90% odds of a rate-hike for the Fed meeting this week Why Anthropic, OpenAI and other AI leaders suddenly want to slow AI development CrowdStrike and Palo Alto surging as AI safety fears boost cybersecurity stocks Chip and AI infrastructure stocks getting hammered on fears that AI development could slow How Tesla is reclaiming U.S. EV market share even while selling fewer cars

 AI CEOs Call for a Slowdown, First Fed Hike in 3 Years?

The Rundown

Public.com presents The Rundown, your daily market update in 10 minutes. My name is Zaid Admani and today is Monday, September 14th. In today's episode, we'll tell you why the market is pricing in a 90% chance of a Fed rate hike this week. I'll also break down why top AI CEOs are calling for a slowdown in AI development and the impact that's having on the markets.

Then stick around to the end of the show to find out why Tesla is gaining EV market share in the U.S. while selling fewer cars. We got a great show for you today. Let's go. Markets are coming off a down week despite a surprising bounce on Friday. On Friday of last week, the S&P and NASDAQ both climbed nearly 1% despite the hotter than expected CPI report.

We broke down that report on Friday's show, so go check that out if you missed it. But despite that rally on Friday, it wasn't enough to save the week. All three major indices finished in the red. And that brings me to this week where I think the macro factors will continue to drive the market. The oil prices continue to rise. Brent crude is hovering near $108 a barrel after Saudi Arabia shut down their east-west oil pipeline after multiple attacks. That pipeline can move roughly 7 million barrels a day, and it was Saudi Arabia's main way of bypassing the Strait of Hormuz.

So with that pipeline being shut down, along with all the disruptions happening in the Strait of Hormuz, that's going to continue to reduce the supply of oil in the market, which is why prices are going back up.

AI CEOs Call for a Slowdown, First Fed Hike in 3 Years?

Read the full transcript

The candid version is on a podcast,
not the earnings call.

AI CEOs Call for a Slowdown, First Fed Hike in 3 Years?

Read the full transcript

The candid version is on a podcast, not the earnings call.

The candid version is on a podcast,
not the earnings call.