00:00Wall Street indices rose on Thursday with the S&P 500 and the Nasdaq Composite marking close record highs
00:06as investors shucked off President Donald Trump's latest tariff moves
00:10while investors were encouraged by an upbeat forecast from Delta Airlines.
00:15Delta shares rallied 12% after the carrier forecast third quarter and full-year profits above Wall Street estimates.
00:21The day sector rallied with United Airlines adding 14.3% and American Airlines climbing 12.7%.
00:33The Dow Transportation Index, widely considered as economic barometer, hit its highest since late February.
00:41Apart from that, the minute meeting from the Fed will play a crucial role.
00:44Obviously, the Fed is going to be important.
00:50They continue to have to toe this line between are tariffs and deportations going to be inflationary?
00:59We don't hear a lot of talk about deportations, but they could potentially have a big impact on the profitability of certain industries,
01:09won't be every industry, and could drive prices up as well.
01:14So, you know, the Fed is on this knife's edge between reacting to potentially higher inflation
01:23and potentially lower growth, and so I think it's fairly certain that we're not going to see the Fed cut rates
01:32at the next meeting, but it's not at all certain to me what will happen in the fall.
01:38Initial jobless claims for the week of July 5 came in about 227,000, below the consensus of 235,000 in Reuters pool.
01:50The number marked as seven-week low, all the data around holidays such as last week's July 4 can often be volatile.
01:58None of the 11 major S&P sectors advanced.
02:01No, no.
02:02No, no.
02:04마de, no.
02:06No, no, no.
02:06No, no.
02:08No.
02:09No, no, no.
02:10No, no, no.
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02:27and there's no way not for those that are crises coming complete.
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