On today's episode of Asking for Direction, host Josh Lipton He breaks down some of the biggest stories and topics in day trading.
Tesla's (TSLA) upcoming Robotaxi event takes place on Thursday, and Barron's Associate Editor Al Root points out five things investors can expect from the upcoming event. First, there will be a physical unveiling of the robotaxi. Second, investors want to hear about safety data. Next, Tesla will likely address its business model, discussing everything from licensing to the size of its robotaxi fleet. The fourth point that investors will look for is the launch date. Finally, Tesla could announce something more. “A lot of people think we'll see the lower priced one called Model 2 which is scheduled for early 2025, and maybe that will come out,” Root explains. “And maybe an update to the robot called Optimist.”
Shares (^DJI, ^IXIC, ^GSPC) closed lower Monday, reversing Friday's gains fueled by better-than-expected jobs numbers in September. Yahoo Finance's Chief Markets Correspondent, Josh Schaefer, analyzes today's key market trends, focusing on the rise in 10-year Treasury yields (^TNX) and a notable slowdown in interest rate-sensitive stocks.
American port workers' strikes temporarily halted, allowing negotiations to continue. Sheetal Thekde, a professor at the University of Richmond's Robins School of Business, points out that the core of the port strike dialogue focuses on “efficiency and using automation in ways that can replace workers.” However, it stresses that other critical considerations play a role, including extreme events, “atypical working conditions,” and “generally unsafe working conditions.” “The potential is that AI and technology can actually help improve worker health and safety, which is very important,” Thekdi tells Yahoo Finance.
Will good economic news finally translate into good news for stocks? Yahoo Finance Anchor Julie Heyman The Citi Index breaks down the economic surprise and how positive data — in the form of inflation readings and labor market numbers — could push stocks higher with them.
This article was written by Melanie Riehl
“Extreme travel lover. Bacon fanatic. Troublemaker. Introvert. Passionate music fanatic.”
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