Five of the Magnificent Seven are reporting earnings. How magnificent will those numbers be? From Marketplace, I'm Sabree Beneshore. Alphabet, Microsoft, Amazon, Meta are all going to tell us today how they've been doing and how they think they're going to do this year. That is to say, they are reporting quarterly earnings. And Apple is joining them tomorrow. These are five of what are known as the Magnificent Seven, basically giant tech companies. Susan Schmidt is portfolio manager at Exchange Capital Resources and is here to talk about it. Hi, Susan. Good morning. These companies that we're going to hear from have kind of been single-handedly holding up the market for a while now, right?

They really have. They're responsible for the majority of returns in both the NASDAQ and the S&P indices.

Everyone wants to know what they're saying about AI and their capital expenditure plans.

So with that, investors will take away

some idea of when profitability might happen, how much they're spending, and we'll see if

investors are concerned or optimistic about the spending path and potential return.

The Federal Reserve is meeting today. All signs are, you know, that it will not be

doing anything with rates, but people will still be looking to what they say. Why? We're going to

hear from Chairman Powell, potentially his last meeting as the chair of the Federal Reserve. That's

because Kevin Warsh, President Trump's nominee, is likely to be confirmed

today as the next Fed chair. Everyone's waiting to see how the Fed will approach talking about

interest rates. With the increase in oil prices and the increases in prices in general,

there's growing concern about inflation. The Fed may make a statement talking about the level of

rates potentially removing the possibility of rates, potentially removing

the possibility of decreasing those rates over the course of the rest of this year. That'll be a

change for investors and also indicate some concern about the economy. Susan Schmidt,

portfolio manager at Exchange Capital Resources. Thank you so much. Thank you.

Testimony continues today in the highly personal legal battle between Elon Musk and OpenAI, Sam Altman.

Musk helped get OpenAI off the ground back when he and Allman were friends. Now Musk is suing, claiming Open AI strayed too far from its roots.

Marketplaces Nancy Marshall-Genzor has more on what's at stake.

There are three issues in Musk's lawsuit against OpenAI.

First, Musk says he helped found Open AI as a nonprofit, but then it created a for-profit arm,

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