Here's your summary from Microsoft, Apple step back at OpenAI, a dovish Powell and rate cuts by EOY #bloombergbrief #shorts (https://www.youtube.com/watch?v=6_OhNwXbfgo) on the Bloomberg Television channel:
**TLDR:** Microsoft and Apple step back from OpenAI, Powell hints at rate cuts by end of year, and Biden faces challenges in maintaining narrative.
1. Microsoft and Apple have decided to step back from their involvement in OpenAI, allowing Sam Altman to take the lead.
2. Powell's comments suggest a dovish stance, with the possibility of rate cuts before the end of the year.
3. Biden faces challenges in maintaining his position as the commander-in-chief, especially as he hosts NATO leaders in Washington.
#finance #tradfi #markets #stocks #stockmarket #bloomberg #macro