CNBC Daily Open: U.S. markets got the Fed’s message: Interest rate hikes are probably here to stay
Publishing timestamp: 2023-02-08 18:34:55
Summary
U.S. markets tumbled after Federal Reserve Governor Christopher Waller warned that interest rates will likely keep climbing. Alphabet shares slid after investors were disappointed by the company's demonstration of its new AI chatbot Bard. Disney's fiscal first-quarter earnings and revenue beat analysts' expectations, but the company is planning to cut 7000 jobs. Microsoft may have launched its AI-powered search before Google did, but analysts from Jefferies said "they will need crowbar to pry away advertisers from Google." Investors may need a telescope to find some good news in the near term.
Sentiment: NEGATIVE
Keywords: walt disney co, jerome powell, media, new york fed, technology, jobs, markets, interest rates, world markets, microsoft corp, federal reserve bank, alphabet class a, united states, business news,