$TSLA Tesla shares are trading higher after the company announced plans to roll out its full self-driving (FSD) driver assistance software in Europe and China in the first quarter of 2025. cmlviz.com/stocks/TSLA

》ADP Change (private payrolls) • 99K vs. 145K est • lowest since Jan 2021 》JOLTS (yesterday) • lowest job vacancies to unemployed workers since 2018. Fed is late to cut.

$AMZN Amazon shares are trading higher after Cantor Fitzgerald initiated coverage on the stock with an Overweight rating and announced a $230 price target. cmlviz.com/stocks/AMZN

ADP was weak but... 》ADP Change Private Payrolls • 99K vs. 145K est.; lowest since Jan 2021. ... Jobless claims were very good. » Jobless Claims • Initial: 227K vs 230K est; 232K prior. • Continuing: 1838K vs 1870K est; 1860K prior.

» ISM Services • PMI: 51.5 vs 51.1 est; 51.4 prior 🟩 • Employment: 50.2 vs 50.5 est; 51.1 prior 🟥 • New Orders: 53.0 vs 51.9 est; 52.4 prior 🟩 • Prices: 57.3 vs 56.0 est; 57.0 prior 🟥 • Business Activity: 53.3 and 54.5 prior🟥

$NVDA Bank of America says Nvidia is a buy, near the cheapest in 5 years - CNBC

U.S. productivity, ’the envy of the world,’ was better than initially estimated in second quarter • U.S. output per hour rises at 2.5% annual rate vs. prior estimate of 2.3% - MarketWatch

» Unit labor costs • 0.4% vs 0.8% est; 3.8% prior • 0.3% over the last four quarters, lowest since 4Q 2013

Slowing population growth and an aging out of workers - see Japan for the history of the results.

$AEHR Aehr Test Systems shares are trading higher after the company announced it received its first multisystem customer order for its Sonoma ultra-high-power system for volume production test and burn-in of AI processors. cmlviz.com/stocks/AEHR

$IOT Samsara shares are trading higher after the company reported better-than-expected Q2 financial results and raised its FY25 guidance. cmlviz.com/stocks/IOT

Turns out BLS was right. There was no mistake in the prior jobs report due to the weather. 》Non Farm Payrolls • 142K vs. 160K est 》ADP Private Payrolls (yesterday) • 99K vs. 145K est Time for 50bps cut. #CutRates

Probability of 50 bps cut rises to 49% versus 30% one week ago.

Jobs Weak Again; Cooler Heads Prevail? open.substack.com/pub/dailyecono…

Oil ain't down bc the US economy is strong... 50bps and then 50 more.

If we do get a recession, there is kind of no such thing as valuation. Everything just goes a lot lower. It's like the way up.

Gasoline tumbling with oil.

Impossible is nothing. Sheetal Devi Archery