{"id":95205,"date":"2025-10-05T15:11:40","date_gmt":"2025-10-05T19:11:40","guid":{"rendered":"https:\/\/ifintechworld.com\/?p=95205"},"modified":"2025-10-05T15:11:43","modified_gmt":"2025-10-05T19:11:43","slug":"wall-street-brunch-hooray-for-devday-nasdaqmsft","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=95205","title":{"rendered":"Wall Street Brunch: Hooray For DevDay (NASDAQ:MSFT)"},"content":{"rendered":"<div data-test-id=\"content-container\">\n<p><figure class=\"getty-figure\" data-type=\"getty-image\"><picture>  <\/picture><figcaption> <\/figcaption><\/figure>\n<\/p>\n<p>Listen below or on the go on Apple Podcasts and Spotify<\/p>\n<div class=\"pcast hidden-print\">\n<div class=\"pcast__section-1\">\n    <img decoding=\"async\" alt=\"\" class=\"pcast__top-img pcast__marketing\" src=\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2025\/09\/podcast_series_header.png\" loading=\"lazy\">\n  <\/div>\n<p><iframe loading=\"lazy\" src=\"https:\/\/widget.spreaker.com\/player?episode_id=68022183&amp;theme=light&amp;playlist=false&amp;playlist-continuous=false&amp;chapters-image=true&amp;episode_image_position=right&amp;hide-logo=true&amp;hide-likes=true&amp;hide-comments=true&amp;hide-sharing=true&amp;hide-download=true&amp;color=ff6900\" width=\"100%\" height=\"200px\" title=\"OpenAI DevDay kicks off week as shutdown persists\" frameborder=\"0\" sap-id=\"4\"><\/iframe><\/p>\n<\/div>\n<p>Government shutdown now seen lasting three weeks. (0:17) Sam Altman will give the DevDay keynote for the world\u2019s biggest startup. (4:47) Bitcoin top $125,000 for first time. (2:57)<\/p>\n<p>The private sector continues to lead the way for Wall Street with the government shutdown entering its second week.<\/p>\n<p>Prediction market Kalshi now has the shutdown lasting nearly 21 days (a 64% chance of its lasting more than 15 days, 52% for more than 20 days and 40% more than 25 days).<\/p>\n<p>Goldman Sachs economists say for each week of a shutdown, the direct effect of furloughed federal workers would reduce fourth-quarter annualized real GDP growth (quarter-on-quarter) by about 0.15 percentage point. Reopening would result in an equally sized positive effect on growth in the first quarter, assuming the shutdown ends before then.<\/p>\n<p>If anything can take the spotlight from the shutdown, it\u2019s the AI trade. And the week kicks off with a major event. OpenAI hosts its DevDay on Monday with CEO Sam Altman kicking off the event with a keynote at 1 p.m. ET. He will also participate in a fireside chat with Apple designer Jony Ive at 7:15 p.m. ET.<\/p>\n<p>No product releases have been teased, but there is speculation the company could debut a long-rumored AI-powered browser (possibly named Aura) that would challenge Google\u2019s Chrome.<\/p>\n<p>Microsoft-backed (<span class=\"ticker-hover-wrapper\">NASDAQ:MSFT<\/span>) OpenAI hit a private market valuation of $500 billion this past week, making it the world\u2019s most valuable startup.<\/p>\n<p>Also this week, the AI bulls at Wedbush reiterated that they see the tech bull market lasting another 2-3 years and any worries about a tech bubble are \u201cway overdone,\u201d with enterprise spending trends accelerating.<\/p>\n<p>And to be sure we get the LLM perspective, ChatGPT told me: \u201cI\u2019m most looking forward to Sam Altman\u2019s keynote, which should unveil what\u2019s next for GPT-5, multimodal tools like Sora, and the new \u2018Responses\u2019 API that deepens agent capabilities. I\u2019m also curious to see how OpenAI makes real-time, voice, and safety tools more practical for developers \u2014 the pieces that turn demos into daily use.\u201d<\/p>\n<p>Looking to earnings, five S&amp;P 500 companies will report Q3 results this week. The highlights will be PepsiCo (PEP) and Delta Air Lines (DAL) on Thursday.<\/p>\n<p>Analysts expect Pepsi to report EPS of $2.26 on revenue of $23.86 billion. Activist investor Elliott Management is calling for strategic changes such as refranchising to improve bottling inefficiencies. Jefferies said a move to refranchise could sharpen the focus on high-growth areas of the Pepsi portfolio.<\/p>\n<p>Delta is forecast to post EPS of $1.53 with revenue of $15.94 billion. SA analyst Dhierin Bechai says Delta is executing the business better than many of its peers while trading at a discount,\u201d which creates an interesting buy opportunity.<\/p>\n<p>Also on the earnings calendar:<\/p>\n<p>Constellation Brands (STZ) reports Monday.<\/p>\n<p>On Tuesday, McCormick (MKC) issues numbers.<\/p>\n<p>Levi Strauss (LEVI) and Tilray (TLRY) join Pepsi and Delta on Thursday.<\/p>\n<p>On the economic front, the shutdown likely robs traders for numbers on the trade balance and weekly jobless claims again.<\/p>\n<p>But on Wednesday the FOMC minutes of its last meeting will be closely watched. Odds of two more quarter-point rate cuts this year topped 85%.<\/p>\n<p>On Friday the University of Michigan releases its preliminary measure of October consumer sentiment. Last week the Conference Board\u2019s measure of consumer confidence fell to a five-month low.<\/p>\n<p>In the news this weekend, Bitcoin (BTC-USD) rose through $125,000 for the first time. The crypto has been up six of the last seven days, fueled by strong inflows into bitcoin ETFs and renewed institutional interest.<\/p>\n<p>OPEC+ has agreed in principle to raise oil production by 137,000 barrels per day starting in November. The move echoes the modest increase made in October.<\/p>\n<p>And Costco (COST) members will soon get access to blockbuster weight loss medications Wegovy and Ozempic at half the list price.<\/p>\n<p>Novo Nordisk (NVO) announced plans to offer its popular GLP-1 medications to cash-paying members of Costco as part of a new partnership with the pharmacy operations of the warehouse club.<\/p>\n<p>For income investors, JPMorgan (JPM) goes ex-dividend on Monday, paying out on Halloween.<\/p>\n<p>Dollar General (DG) goes ex-dividend on Tuesday, with an Oct. 21 payout date.<\/p>\n<p>Oracle (ORCL) goes ex-dividend on Thursday, paying out on Oct. 23.<\/p>\n<p>And dividend heavyweight AT&amp;T (T) goes ex-dividend Friday, paying out on Nov. 3.<\/p>\n<p>And in the Wall Street Research Corner, BofA strategist Michael Hartnett is predicting what investing themes will be &#8220;in&#8221; and what will be &#8220;out&#8221; in the second half of this decade.<\/p>\n<p>The second half of the 2020s tilts toward security, state intervention, demographics\/tech shifts, and new asset plays \u2014 while globalization, Fed independence and old market darlings are seen as past their peak.<\/p>\n<p>Humans are &#8220;out&#8221; and robots are &#8220;in.&#8221; Fed independence gives way to Fed deference, quantitative easing is &#8220;out&#8221; and yield curve control is &#8220;in,&#8221; the AI bull becomes the AI bubble and The Magnificent 7 make way for China&#8217;s \u2013 Baidu, Alibaba, Tencent and Xiaomi.<\/p>\n<\/div>\n<p>Read the full article <a href=\"https:\/\/seekingalpha.com\/article\/4827945-wall-street-brunch-hooray-for-devday?source=feed_all_articles\" target=\"_blank\" rel=\"noopener\" rel=\"nofollow\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Listen below or on the go on Apple Podcasts and Spotify Government shutdown now seen lasting three weeks. (0:17) Sam Altman will give the DevDay keynote for the world\u2019s biggest startup. (4:47) Bitcoin top $125,000 for first time. (2:57) The private sector continues to lead the way for Wall Street with the government shutdown entering [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":95206,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"gallery","meta":{"footnotes":""},"categories":[236],"tags":[83],"class_list":["post-95205","post","type-post","status-publish","format-gallery","has-post-thumbnail","hentry","category-news","tag-featured","post_format-post-format-gallery"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Wall Street Brunch: Hooray For DevDay (NASDAQ:MSFT) | iFintechWorld<\/title>\n<meta name=\"description\" content=\"Listen below or on the go on Apple Podcasts and Spotify Government shutdown now seen lasting three weeks. 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