It is another day of records as a cooler inflation print sent the S&P 500 and the NASDAQ to new highs.

Though closing off the best levels is the Fed signals just one cut this year and that's the scorecard on Wall Street but

winner stay late welcome to closing about overtime I'm John Ford with

Morgan Brennan we will be all over the market and the Fed throughout the hour but

also ahead we've got earnings from Broadcom as that stock sits at record

highs of its own with an AI powered lift. And later rubric pulling back even

after topping estimates in its first report as a public

company. Remember it was higher in overtime yesterday. Rubric CEO Bipplson is

going to join us to break down the quarter. And an update on the mega market cap

horse race as Apple takes another like higher following Monday's AI

Unval.

But so does Microsoft.

I know it's crazy mega mega cap tech continues to rule the roost here how's it going to settle out who's ahead

Apple and Microsoft we'll see but first let's get to today's action the S&P 500 in the

Nasdaq jumped to record highs as did Apple, Alphabet, and Microsoft as the latest inflation

report showed progress on prices.

The Fed, though, signaling just one rate cut in 2024, and joining us now is David Zervos, Jeffrey's chief

market strategist and now a CMDC contributor and Christina Hooper and

Vespasco Chief Global Market Strategist. Welcome to you both.

David, one cut this year, which shouldn't be a surprise,

but admitting it, I thought that the market might take it

differently once the Fed actually admitted this, the market seems at least

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