00:01The conflict in Iran is taking out about 20% of the world's energy supply and key elements
00:07of products like fertiliser and plastics that the world uses to keep itself fed, housed
00:13and happy.
00:14Despite that, global markets continue to soar.
00:18Stocks in markets in South Korea and Japan hit record highs today.
00:22Their rate of growth has dwarfed ours due to a lot of factors, but a big one is exposure
00:28to tech companies and semiconductor makers.
00:31It's all about AI, and that's not something we do a lot of.
00:36Over in the US, much more.
00:39These figures from US indices are for trading that happened during our weekend.
00:43The S&P 500 tracks the value of 500 mega companies, but the so-called Magnificent Seven tech companies
00:51make up about a third of the value of the entire 500.
00:54Now, five of those seven report earnings this week, and what they have in common is a ballooning
01:00spend on artificial intelligence.
01:02Eye-watering numbers as they try and win a race that is both morphing and speeding up.
01:09Back in ye olde world of digging and extracting mixed results, as the Aussie dollar rose against
01:15major currencies.
01:16It's currently at the highest level against the Kiwi dollar in 13 years.
01:21That would be choice if it wasn't for the fact that it's largely due to their faltering
01:26economy.
01:27And that's finance.
01:28The S&P 500
01:31Barrake
01:31Barrake
01:31You
Comments