good morning to all!
The AI chatbot race has begun, with the competition heating up between:
– ChatGPT (OpenAI and Microsoft)
– Bard AI (Google)
– Ernie (Baidu)
Who will win?
Prices as of 4 p.m. EST, 2/6/23; %YTD
market update
US State of the Union tonight
Fed Jerome Powell speaking at 12 noon
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Feb 1 increase 25 basis points 4.50% -4.75%
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March 22 up 25 basis points to 4.75% -5.0%
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May 3 Hike or pause? 5.0% -5.25%
US 30-year mortgage rates
Crude 75 +1.7%
Google Google
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Testing their new AI service
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A wider public launch is planned in the coming weeks
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New search engine to compete with ChatGPT
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Today at 1 PM Microsoft msft To highlight the Bing/ChatGPT combo
Income
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activism blizzard atvi +3% Microsoft to be approved to buy ATVI, $95 offer versus $74 stock
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simon property SPG flat eps in-line, occupancy rate 94.9%, guide light
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pinterest pins Flat Q4 weak, Q1 guide weak, focus spending efficiency
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take-two interactive TTWO flat eps miss, guide cut, cautious buying behavior
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BP BP + 5% increased dividends and increased buybacks
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Fiserv FISV +3% EPS in-line, better guide than the road
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KKR KKR +1% $0.92 distributable earnings vs $1.59 year ago, $500B assets
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centen cnc flat minor topline beat, guide in-line
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the carrier karr -4% in-line, 10% down order as expected, in-line guide
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dupont DD +1% in-line, Q1 guidance similar to other chemical companies
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Royal Caribbean rcl +4% loss better than expected, infrastructure cost rises
crypto update
Digital Currency Group (DCG)
digital asset fund flows
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Incoming for the fourth consecutive week
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YTD inflow = $230 million
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90% of bitcoin flow ($69 million)
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$8.2 million for short-bitcoin products
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the rest of the flow is silent
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