I'm Taylor Riggs and this is the Fox Business Rundown.

Monday, October 14th, 2024.

Some of the nation's biggest banks are projecting a soft landing.

Tesla's hyped up robot taxi event faces skepticism and the US government

puzzles over how to break up Google.

It didn't really work when we broke up AT&T.

We got a bunch of smaller telecom companies and then they all merge.

But I think when we start letting the government play referee on this stuff they still haven't

figured out how to regulate social media and we're already on to AI.

On Friday JP Morgan Chase came out in favor of the forecast that the U.S. economy is healthy

and headed for a soft landing.

This came on the heels of robust earnings reports from both J.P. Morgan and Wells Fargo. Now while Wall Street must await best earnings

earnings reports this week.

In lieu of any concerning data points about the economy,

most are projecting the Fed will cut interest rates once again in November this time by 25 basis points

Last week Tesla CEO Elon Musk revealed his company's autonomous vehicle plans for the future.

At Tesla's big robot taxi event showing off the cyber cab and the robo-van,

Musk said that by 2027, American consumers will be able to buy one of his two cedar cybercabs for less than $30,000.

He went on to share that the fully autonomous cars could make their owners money by temporarily loaning them out as taxis.

After the reveal, some investors bought in on futuristic cars, but unfortunately for Musk, many others

say that they were left with more questions than answers about

any improvement to the car's AI and how exactly the ride share system would work.

...