Good morning. Today is Friday, November 8th. I'm Rina Sherble filling in for Julie Morgan.

In today's top stories, Federal Reserve cuts risks to do a mandate in balance. Wendy's is getting help from

Palantir's AI, and Japan hits its highest levels in weeks. U.S. stocks finished higher Thursday

after the Federal Reserve cut its key interest rate, extending record highs logged after the

Republican Party won back the White House and the U.S. Senate.

Earlier in the day, we saw initial jobless claims rise slightly less than expected in the past week.

Non-farm productivity also rose less than expected, while labor costs climb more in Q3.

As widely expected, the Federal Open Market Committee cut its policy rate by 25 basis points,

its second rate cut in a row. With inflation still elevated, heading toward the Federal Reserve's 2%

goal and the labor market easing from tight conditions a year ago, the FOMC said in its statement,

quote, the committee is attentive to the risks to both sides of

its dual mandate. Risks to achieving its employment and inflation goals are roughly in balance,

it said. Seeking Alpha Investing Group leader of the Winter Warrior investor David Alton Clark

said, I see the Fed staying the course and cutting another 25 basis points in December

and then pausing as we enter 2025. The FOMC will continue to reduce its holdings of Treasury

securities, agency debt, and agency mortgage-backed securities, it said. That means that

tightening through its balance sheet actions is partly offsetting the lower

interest rate. Notable movers on Thursday include Lyft. Share surged over 20% after beating

expectations and raising its full year guidance, driven by a record number of active riders and a

16% increase in gross bookings. Warner Brothers Discovery stock surged over 16% after the media giant reported an unexpected

profit in the third quarter despite missing revenue expectations.

Semiconductor stocks were mostly higher on Thursday amid a slew of earnings in the sector,

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