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On September 15th, US President Trump stated regarding AI that, throughout business history, when has an industry leader ever called for regulation that, if strictly enforced, could lead to their demise and bankruptcy? Claims that artificial intelligence will take over the world, destroy humanity, and all other negative narratives about AI are "hoaxes." Google recently expressed its desire to build a large factory in Finland because it believes obtaining the necessary permits in the US is too difficult. I am not satisfied with this and hope they change their minds. Artificial intelligence and data centers will become the greatest engines of economic development in history—surpassing oil, gold, diamonds, and even the internet. During my presidency, the development of artificial intelligence will not be hindered by any "carefully orchestrated destructive forces."Bank of America (BAC.N) CEO Moynihan: If interest rates rise sharply, it will slow down some of the funding demand.On September 15th, Apple announced the official launch of Siri AI, powered by the next-generation Apple Intelligence, a "more powerful and personalized" intelligent assistant. Apple also released the next-generation Apple Intelligence, which powers Siri AI, on the same day. Feature updates for Siri AI are available starting today in iOS 27. Siri AI is rolling out in beta to English-speaking users today and will expand to French, Japanese, Korean, Portuguese, and Spanish next month. Siri AI will not initially be available on iOS, iPadOS, and watchOS in the European Union. Apple stated that Siri AI is a significantly enhanced, more natural conversational intelligent assistant with contextual understanding, a broad knowledge base, screen awareness, and more system-level application operation capabilities. Siri AI can help users instantly obtain the information they need, including answering questions on virtually any topic and extracting relevant information from users messages, emails, photos, and other content.US President Trump: I mean what I say. The $5,000 bonus will be delivered because the American people deserve it.The Federal Reserve accepted a total of $1.42 billion from four counterparties in its fixed-rate reverse repurchase operations.

Two Trades to Watch: DAX, GBP/USD

Jimmy Khan

May 07, 2022 10:43


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The DAX is falling as industrial output declines.


After a slaughter on Wall Street that saw the Nasdaq finsh 5% down, European equities have begun in the red, extending losses from the previous day.


Fears of inflation, stagflation, and recession are weighing on the market as we approach the weekend. The DAX is expected to shed 1.4 percent this week, marking the fifth consecutive week of losses.


In March, German industrial output decreased -3.9 percent on a month-over-month basis, down from 0.2 percent in February and considerably below the -1 percent drop forecast. The negative report comes on the heels of a sharp drop in German manufacturing orders in March. The data represents the economic effect of the Russian conflict on Germany and the Eurozone as a whole.


Germany does not have any additional statistics due today. Sentiment and the US NFP announcement will affect European indexes.