00:00 Speaker A
First up, the rally in US stocks fading following the Fed's Jackson Hole Symposium. The Dow Jones closed out at a record high after dovish comments from Fed chair Jerome Powell sparked a cross-asset rally. Investors now betting that the Federal Reserve will cut interest rates at its September meeting, but there are still a slew of economic readings between now and the FOMC that could change the Fed's outlook. Plus, the next big market catalyst coming this week, Nvidia earnings. The AI chip giant will report results on Wednesday after the market close. Those numbers from the world's most valuable company will be closely watched following the recent rally in mega-cap tech stocks. Any disappointment there could derail the artificial intelligence trade at large. And an $18 billion deal in the beverage space. Kurig Dr. Pepper has agreed to buy JDE Peets to bolster its struggling coffee business. The company citing tariffs and inflation for roughly flat US coffee sales in the second quarter. Once the deal is complete, Kurig Dr. Pepper plans to separate its coffee and beverage units into two independent US-listed companies.
