TRANSCRIPT
The Operator: Quiet days are exactly when you should get suspicious.
The Operator: According to CNBC Technology, unsealed statements from Microsoft and OpenAI executives regarding the fair-use defense in the New York Times lawsuit have sparked increased options activity.
The Operator: Traders purchased roughly 4,400 October call spreads on the company's shares, betting on a potential settlement or trial victory within weeks.
The Operator: SpaceX secures a $950 million contract extension from NASA to conduct three more crewed Dragon missions to the International Space Station through 2030.
The Operator: This agreement brings the total expected earnings for SpaceX under the Commercial Crew Transportation Capability contract to $5.92 billion if all flights are completed.
The Operator: Over at CNBC Markets, Federal Reserve Chairman Kevin Warsh is counting votes this week on a widely anticipated interest rate increase and the future direction of monetary policy.
The Operator: The two-day central bank meeting will reveal how divided the Federal Open Market Committee remains after a some number split in July, with some officials viewing recent inflation as temporary while others fear deeper price pressures.
The Operator: Consumer prices rose 3.4% in August from a year earlier, while average hourly earnings increased just 3.1% over the same period.
The Operator: Real average hourly earnings fell 0.1% from July and were down 0.3% from a year earlier due to elevated inflation.
The Operator: The University of Michigan's Survey of Consumers reported a headline index of 47.8 in September, marking the second-lowest reading on record since data collection began in 1952.
The Operator: One-year inflation expectations jumped to 4.6% driven by rising energy prices, while gasoline costs increased 3.9% in August.
The Operator: Hype is a rendering error; the tape has no soaring and no crashing, only prints.
The Operator: That's the show. We're on Spotify and YouTube — if this earned it: like, subscribe, tell a friend. And housekeeping: the machine that writes this gets tuned constantly for cleaner news. The numbers are real; the jokes are not. One more thing: this whole station runs on one garage computer, and if the tape ever earned you a coffee, there's a tip jar at informant.reiners.io. It keeps the phone line on.