0826 | Stocks Flat; Fed's Core Inflation 3.3% Annually; Nvidia Earnings Awaited

On this episode, we break down a day on Wall Street where stocks tread water as Treasury yields climbed toward five percent, while investors digested the Fed's preferred inflation gauge and awaited Nvidia's earnings. We look at the cooler-than-expected core PCE reading and what it means for the Fed's September decision, the pressure on Fed Chairman Warsh heading into Jackson Hole amid Treasury Secretary Bessent's debt strategy, and the emerging threat to Nvidia's margins from custom AI silicon l Timeline: 00:00:00 Opening 00:00:23 Closing tape: stocks tread water as Treasury yields climb toward five percent 00:01:10 Core PCE cools to 3.3% as spending softens, keeping the Fed's September call open 00:02:15 Jackson Hole: Warsh pressed to show his hand as Bessent's debt strategy makes November refunding a wildcard 00:03:16 Nvidia reports as OpenAI's custom chip posts inference-efficiency wins over Blackwell 00:03:58 Guidance splits the tape: Intuit slides on a weak forecast; Abercrombie and Smucker climb on raised outlooks 00:04:38 Boston Scientific shares fall as cyberattack disrupts product shipping View episode details → https://bri.so/show/episode/01a04017-163d-7573-b0a6-8b19728f350e 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].