Welcome to Seeking Alpha's Wall Street Lunch, our afternoon update on today's market action,

news and analysis.

Good afternoon.

Today is Tuesday, May 6th, and I'm your host, Kim Khan.

Our top story so far, Robotexy firm Pony AI is partnering with Uber to launch in a key

market in the Middle East later this year,

with a goal of scaling deployments to additional international markets in the future.

Once the service becomes available, riders requesting eligible trips through the Uber app may be offered the option to be picked up by a Pony AI autonomous vehicle.

During the initial pilot phase, these vehicles will include a safety operator on board

to monitor operations until the company's fully autonomous commercial launch.

Uber also announced a significant expansion of its strategic partnership with Wii Ride.

The collaboration will roll out to 15 additional cities worldwide over the next five years, including key markets in Europe.

Uber has secured more than 15 partnerships with a diverse

range of autonomous vehicle technology companies over the past two years. In just the past two months,

the ride-hailing giant has revealed new collaborations with May Mobility, Volkswagen, and Chinese

autonomous thriving company Momenta. Looking to the economy, the Fed starts its two-day meeting

with the rate decision in Chairman

J. Powell's press conference coming Wednesday, although no dot plot this time around, Emily Bowersock Hill

of Bowersock Capital Partners, says the FOMC is unlikely to lower rates this week or to act decisively

until after July 8th when the 90-day tariff pause ends. The resilient labor market, as evidenced by Friday's job

report, gives them further room to delay action. We still expect one or two cuts before year

end, with the first cut, most likely in late summer or fall. This morning, the Census Bureau

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