Updated: Powell at Noon – Activision Blizzard (NASDAQ:ATVI), BP (NYSE:BP)

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?

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Prices as of 4 p.m. EST, 2/6/23; %YTD

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market update

US State of the Union tonight

Fed Jerome Powell speaking at 12 noon

• Feb 1 increase 25 basis points 4.50% -4.75%

• March 22 up 25 basis points to 4.75% -5.0%

• May 3 Hike or pause? 5.0% -5.25%

US 30-year mortgage rates

Crude 75 +1.7%

Google Google

• Testing their new AI service

• A wider public launch is planned in the coming weeks

• New search engine to compete with ChatGPT

• Today at 1 PM Microsoft msft To highlight the Bing/ChatGPT combo

Income

• activism blizzard atvi +3% Microsoft to be approved to buy ATVI, $95 offer versus $74 stock

• simon property SPG flat eps in-line, occupancy rate 94.9%, guide light

• pinterest pins Flat Q4 weak, Q1 guide weak, focus spending efficiency

• take-two interactive TTWO flat eps miss, guide cut, cautious buying behavior

• BP BP + 5% increased dividends and increased buybacks

• Fiserv FISV +3% EPS in-line, better guide than the road

• KKR KKR +1% $0.92 distributable earnings vs $1.59 year ago, $500B assets

• centen cnc flat minor topline beat, guide in-line

• the carrier karr -4% in-line, 10% down order as expected, in-line guide

• dupont DD +1% in-line, Q1 guidance similar to other chemical companies

• Royal Caribbean rcl +4% loss better than expected, infrastructure cost rises

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crypto update

Digital Currency Group (DCG)

digital asset fund flows

• Incoming for the fourth consecutive week

  
  
  

• YTD inflow = $230 million

  
  
  

• 90% of bitcoin flow ($69 million)

• $8.2 million for short-bitcoin products

• the rest of the flow is silent