Brian Sozzi opens on the question nobody is asking about the bond sell-off, which is why it is happening. His answer is inflation grinding the economy down, and he brings receipts: Paychex calls this a low-hire, low-fire market, General Mills warned on wheat, diesel and packaging, and Olive Garden grew 1.1% last quarter. Meta Connect gave us a key chain you can talk to. Then McDonald’s investor day, where the president of McDonald’s USA called GLP-1 users an opportunity and Sozzi hit the alarm. He also debunks the Nvidia valuation scare, and asks BlackRock’s Rick Rieder what he is buying instead of stocks.
Featuring
Brian Sozzi, Host, Sozzi Unleashed, Yahoo Finance
Rick Rieder, Chief Investment Officer of Global Fixed Income, BlackRock
Mark Zuckerberg, Chairman and Chief Executive Officer, Meta
Skye Anderson, President, McDonald’s USA
Mike Schroepfer, Senior Fellow and Former Chief Technology Officer, Meta
Timestamps
0:00 Shout out Thursday, and the Unleashed Fridge finally arrives
0:22 The new look of founder mode in tech
1:20 Why yields are really rising, and it is not the debt scolds
2:10 Paychex on a low-hire, low-fire economy
2:32 General Mills warns on wheat, diesel and packaging
2:55 Cracker Barrel traffic, and Olive Garden grows 1.1%
3:40 The market chose to ignore all of it
4:03 Meta Connect: Audio glasses with no cameras
4:35 A holdable that fits on a key chain
4:57 Muse is having a moment and the street likes it
5:45 The CapEx Wall Street frowned on is starting to pay
6:20 “I would never bet against Meta”
6:58 McDonald’s investor day, and an $8.5 billion plan
7:29 “84% of households with GLP-1 users visit McDonald’s”
8:29 The alarm goes off
8:55 Why that is completely off base
9:30 A decade-low valuation, and the reason for it
10:10 The Nvidia valuation warning going around, debunked
10:50 Estimates are not being marked up fast enough
11:30 Too many institutions already own it
12:27 BlackRock’s bond chief on some extraordinary cross currents
13:22 The moves being made in client portfolios
13:54 Equities are a B minus, and that is new
15:28 Not a crisis, an eye-opener
16:40 A 7.2% yield against 10% to 12% in equities
18:01 What every 100 basis points costs the US government
19:07 On being in the running for the Fed chair job
20:26 What the 10-year has returned from a 5% start
22:21 The one surprise being watched before year end
23:13 The Last Word: The last time yields were here was July 2007
#Bonds #McDonalds #MetaConnect #SozziUnleashed #YahooFinance
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