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ATVI

EWU

MSFT

Microsoft plans to file a formal appeal against the UK Competition and Markets Authority's (CMA) decision to block its $75bn takeover of Activision Blizzard. The deal has been approved in other jurisdictions, including the EU and China.

Portfolio Pulse from Happy Mohamed

May 24, 2023 | 4:16 pm

SPY

Federal Reserve Governor Christopher Waller stated that more loosening of the 'very tight' labor market is needed to help reduce high inflation. He expressed concerns about the lack of progress on inflation and mentioned that April PCE inflation and May CPI data will be critical.

Portfolio Pulse from Happy Mohamed

May 24, 2023 | 4:14 pm

SPY

Federal Reserve Governor Christopher Waller stated that he does not expect data in the next couple of months to indicate that the terminal interest rate has been reached. He also mentioned that he does not support stopping rate hikes unless there is clear evidence of inflation moving down to the 2% target.

Portfolio Pulse from Happy Mohamed

May 24, 2023 | 4:13 pm

SPY

Federal Reserve Governor Christopher Waller suggests that prudent risk management may lead to skipping a rate hike in June and leaning towards a July hike, depending on inflation data and banking conditions.

Portfolio Pulse from Happy Mohamed

May 24, 2023 | 4:12 pm

SPY

Federal Reserve Governor Christopher Waller stated that the decision to hike interest rates or skip the hike at the June meeting will depend on data over the next three weeks. He emphasized the need for the Fed to maintain flexibility on the best policy decision for the June meeting.

Portfolio Pulse from Happy Mohamed

May 24, 2023 | 4:10 pm

SPY

House Speaker Kevin McCarthy stated in an interview that he does not believe there will be a default on US debt.

Portfolio Pulse from Happy Mohamed

May 24, 2023 | 3:54 pm

SPY

House Speaker McCarthy expressed his firm belief that a deal will be reached, according to Reuters.

Portfolio Pulse from Happy Mohamed

May 24, 2023 | 3:52 pm

FXI

MU

SPY

White House's John Kirby stated that China's move on Micron Technology won't derail the larger effort to improve US-China relations.

Portfolio Pulse from Happy Mohamed

May 24, 2023 | 3:52 pm

SPY

House Speaker McCarthy stated that they have offered many concessions but will not agree to raising taxes.

Portfolio Pulse from Happy Mohamed

May 24, 2023 | 3:51 pm

SPY

House Speaker McCarthy stated that there are differences over spending, but he believes progress can be made today.

Portfolio Pulse from Happy Mohamed

May 24, 2023 | 3:47 pm