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Let’s get to the three things you need to know today.
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First up, little movement across stock futures today after a strong rally to start the week.
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Tech led the charge Monday with chip stocks popping on news Nvidia will pour 100 billion into open AI.
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Meanwhile, gold continues to power higher. The precious metal is now on track for its best month since 2020.
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Plus all eyes on the Federal Reserve and chair Jerome Powell. He’s set to speak today for the first time since the Central Bank cut interest rates.
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His comments come after several policy makers indicated the Fed will take a more cautious approach to rate cut decisions.
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Investors will closely watch the comments for more clues on the Fed’s path ahead.
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And over in media, Disney’s ABC will bring Jimmy Kimmel Live back on air tonight after pulling the show last week.
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Disney said it made the decision after quote, thoughtful conversations with Kimmel, but Sinclair broadcasting, which owns dozens of ABC affiliates, plans to preempt the program and air news instead,
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highlighting the pressures that networks face both from Washington and their own station partners.
