META Dec 2024 1000.000 call
| Previous close | 0.1600 |
| Open | 0.1600 |
| Bid | 0.1300 |
| Ask | 0.1900 |
| Strike | 1,000.00 |
| Expiry date | 2024-12-20 |
| Day's range | 0.1400 - 0.1600 |
| Contract range | N/A |
| Volume | |
| Open interest | 3.24k |
- Yahoo Finance Video
Jobless claims data, market volatility, China stocks: Morning Brief
On today's episode of Morning Brief, Hosts Seana Smith and Brad Smith analyze the market and report on some of the biggest stories of the trading day. All three of the major indexes (^DJI,^GSPC, ^IXIC) opened lower on Thursday amid the latest labor market data and increasing Middle East tensions. Initial jobless claims for the week ending September 28 rose to 225,000, slightly above the estimated 221,000. Oil prices (CL=F, BZ=F) are continuing to spike as tensions boil between Israel and Iran. US stock markets are experiencing a period of heightened volatility, driven by a variety of factors including Hurricane Helene, the upcoming US presidential election, and escalating Middle East tensions. The Wealth Consulting Group's chief market strategist Talley Léger acknowledges that markets have been hit by numerous events that could potentially unsettle investors, questioning, "when are they perfectly certain?" However, he notes that such turbulence is a common occurrence in financial markets, adding that "through it all, the stock market has continued its inexorable march forward." Due to this dynamic, Léger advises investors to view market dips as potential buying opportunities. The rotation out of Big Tech has become evident, with the standout "Magnificent Seven" (AAPL, TSLA, GOOG, GOOGL, AMZN, META, MSFT, NVDA) names no longer being the market frontrunners they once were. Roundhill Investments CEO Dave Mazza notes that the Magnificent Seven's market leadership "hit an abrupt stop" in mid-July, fueled by the unwinding of the yen carry trade. While Meta has been the only name to somewhat recover, Mazza believes "it's too early to give up" on the Magnificent Seven. Barton Crockett, Rosenblatt’s senior research analyst, outlines his bullish stance on Meta. “The growth supports the multiple… The bigger backdrop, we think, is that people are getting more comfortable with Meta’s strategic positioning. Their investments in AI have yielded improved returns on investment for marketers and better engagement from users, and they've kind of led and developed this direct marketing to kind of small- or mid-sized companies globally. This almost new niche that they've pioneered and owned.” Crockett explains. The Hang Seng (^HSI) ended the day lower after 13 straight days of gains following a wave of stimulus measures aimed at bolstering the country's struggling economy. While JPMorgan has warned investors about the risks of chasing the rally given its high valuations, KraneShares CIO Brendan Ahern argues it's still in the "very, very early innings." With more information about fiscal policy expected from Chinese officials, the rally could continue. He adds, "Instead of looking through the rearview mirror, let's look through the windshield." This post was written by Melanie Riehl
ReutersMeta, challenging OpenAI, announces new AI model that can generate video with sound
NEW YORK (Reuters) -Facebook owner Meta announced on Friday it had built a new AI model called Movie Gen that can create realistic-seeming video and audio clips in response to user prompts, claiming it can rival tools from leading media generation startups like OpenAI and ElevenLabs. Samples of Movie Gen's creations provided by Meta showed videos of animals swimming and surfing, as well as videos using people's real photos to depict them performing actions like painting on a canvas. Movie Gen also can generate background music and sound effects synced to the content of the videos, Meta said in a blog post, and use the tool to edit existing videos.
BloombergMeta unveils AI video generator, taking on OpenAI and Google
(Bloomberg) -- Facebook parent Meta Platforms Inc. debuted a new artificial intelligence tool that can generate or edit videos based on a simple text prompt, elevating competition with rivals like OpenAI and Google in the race to develop the world’s most advanced AI technology.Most Read from BloombergThe Corner Store ComebackNYC Schools Reverse Course on Cell-Phone Ban After Parents BalkRoofs of Mexico City’s Massive Food Market Will Power Public BusesMexico City Restricts Airbnb Rentals to Curb
