CNBC Daily Open: Roaring Kitty YouTube Live | Wilnesh News

This report comes from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open keeps investors updated on everything they need to know, no matter where they are. Like what you see? You can subscribe here.

waiting game
this S&P 500 Index used to be Has not changed much Traders await key U.S. economic reports. The index fell 0.02% after hitting its session high, Nasdaq Index down 0.09%. this Dow Jones Industrial Average Up 78 points. Nvidia It fell 1.1% after hitting a record high on Wednesday. 10-Year Treasury Bond Yield Ministry of Finance is flat before friday nonfarm payrolls report Investors are looking for signs of labor market weakness to justify a rate cut by the Federal Reserve. US oil prices Jumped European Central Bank 2% cut interest rates.

Roaring Kitten Live
shares game station After Keith Gill (known online as Roaring Kitty) announced the launch, his stock price soared nearly 50% Planned to go live on YouTube This is the first time in nearly four years. Investors speculate the discussion will focus on his massive bet on brick-and-mortar video game retailers.

Antitrust investigation into big tech companies
The Federal Trade Commission and the Department of Justice are launching antitrust investigation Enter MicrosoftOpenAI and Nvidia A source told CNBC to examine their impact on the artificial intelligence industry. The FTC will investigate Microsoft and OpenAI, while the DOJ will focus on investigating Nvidia. The investigation will examine the company’s conduct rather than the merger. The move occurred a day later Former and current employees Members of OpenAI have raised concerns about the rapid rise of artificial intelligence and the lack of regulation.

Robin Hood’s Crypto Betting
trading platform Robin Hood Market Agree to acquire cryptocurrency exchange Bitstamp The company will receive approximately $200 million in cash as it expands internationally. Bitstamp has 50 active licenses and registrations worldwide, which puts Robinhood in direct competition with Binance and Coinbase. Last month, Robin Hood said cryptocurrency trading First-quarter revenue of $126 million, warning of possible Regulatory scrutiny of its crypto business.

Billionaire TikTok bids
Billionaire Frank McCourt’s Make a bid to acquire TikTok Includes a groundbreaking proposal to give users control over their data. “I don’t want to own TikTok,” McCourt told reporters. “I want a new internet.” His vision resonates with parents who have tragically lost children to the influence of social media or cyberbullying, while also aligning with growing concerns about data privacy and child safety. These concerns have driven the introduction of numerous state bills and fueled a bipartisan push for federal legislation. Still, TikTok parent company Byte will jump, Insisted not to sell And lawsuits have been filed to block laws requiring divestment.

(Pro) Bitcoin $150,000
Bitcoin can hit $150,000 If former President Donald Trump wins the US election in November, according to Standard Chartered Bank. With Bitcoin trading around $71,700, CNBC’s Tanya Macheel breaks down the details behind the bank’s bold move.

ING Germany Chief Economist Carsten Brzeski shares his views Main takeaway Image from the ECB meeting on Day X, accompanied by StarCraft data. his next postal Even more depressing: “Show me a central bank that doesn’t need data to make decisions.”

European Central Bank President Christine Lagarde at a press conference after widespread power generation by the central bank cut interest ratesIt said future decisions would be “data dependent” and taken “meeting by meeting” based on inflation, underlying inflation and the effectiveness of monetary policy.

ever a dissident to interest rate cuts. Robert Holzmann, president of the Austrian central bank, told the Financial Times: “Decisions based on data should be decisions based on data.” Famous Eagle Confirmed comment when contacted by CNBC.

May’s Eurozone inflation Economic growth accelerated to 2.6% from 2.4% in April, according to Eurostat. The European Central Bank also raised Inflation forecast The next few years.

“Clearly, forecasts that had previously been debunked and questioned by the ECB itself suddenly became powerful and influential again,” wrote Brzeski on the ING website. “There is nothing wrong with that, and the decision to cut rates also marks an attempt to be a truly forward-looking central bank again.”

But he also warned of the risk of a “reverse Trichet moment”.

In 2008, former European Central Bank president Jean-Claude Trichet raised interest rates “shortly before the U.S. subprime crisis turned into a global financial crisis.” The European Central Bank raised interest rates on the assumption that the euro crisis was over.

“Six months later, new ECB president Mario Draghi took office and cut interest rates just as the euro zone economy slipped into recession. Concerns about a ‘Trichet reversal moment’ have not gone away after today’s meeting.”

This is where the problem lies. The European Central Bank was late in raising interest rates, lagging behind the Federal Reserve, but it has taken the lead in cutting interest rates. Fed officials insist they want to see clear evidence that inflation is slowing in the coming months before considering a rate cut.

They will have more data tomorrow to assess the state of the labor market. Investors want to see a softening in the economy to give the Federal Reserve more room to cut interest rates. Jeff Cox, CNBC more Analyze what to expect.

— CNBC’s Jenni Reid, Brian Evans, Samantha Subin, Jeff Cox, Yun Li, Tanya Macheel, Hayden Field and Eamon Javers contributed to this report.