0813 | Stocks Rise, Oil Drops on Flat PPI; Cisco Slides, Workday Jumps, AMD Bond Sale

Markets opened higher as flat July wholesale prices eased worries about further Federal Reserve rate hikes, though Fed officials split on the inflation path ahead of Jackson Hole. Cisco slid 8% despite an earnings beat and raised guidance, while Workday posted its best day in a decade on a report that Silver Lake is in talks to buy the company. AMD is set to raise $4.75 billion in its largest-ever dollar bond sale, the U.S. 30-year auction cleared at its highest yield since 2001, and oil retreat Timeline: 00:00:00 Opening 00:00:33 Rate-hike bets ease as July PPI comes in flat 00:01:54 Cisco slides 8% despite earnings beat 00:02:39 Workday surges on Silver Lake takeover report 00:03:45 AMD's biggest-ever dollar bond sale 00:04:59 30-year auction clears at highest yield since 2001 00:06:07 Oil retreats as Hormuz exports hold steady View episode details → https://bri.so/show/episode/019ffd24-7b01-70be-a909-552a05a6cf0e This episode is produced by Bri. Bri uses advanced AI technology to turn the feeds you care about into podcasts made for listening. https://bri.so Contact us at [email protected].