Morning Report 28 Aug 24: Wall Street pensive ahead of big tech earnings

Wall Street slips into neutral as the market anticipates key earnings reports. Ryan and Tom preview Nvidia’s results, noting that the AI giant could have a greater impact on the market than Jerome Powell's upcoming Jackson Hole speech. Resmed shares surged 7% overnight, while Tesla declined following Canada's imposition of tariffs on Chinese EVs. Oil prices have dropped by 2%, and Woolworths is in the spotlight today as it releases its earnings results. Ryan also previews Australian inflation data, and the Aussie dollar has strengthened due to a weaker U.S. dollar. The content in this podcast is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814. The information does not take into account your objectives, financial situation or needs. Consider the appropriateness of the information before acting and if necessary, seek appropriate professional advice.See omnystudio.com/listener for privacy information.