) fell into the red. This comes off the back of the Federal Reserve leaving interest rates unchanged as inflation cools. BNP Paribas Managing Director and Senior Multi-Asset Specialist Mark Howard explains that while the Fed's decision was noteworthy,topped Wall Street estimates on both the top and bottom linesvalued at $46 billion, the California Public Employees' Retirement System — which holds 9.2 million Tesla shares — disclosed it will vote against Musk's compensation package.
So off 11 basis points pretty big move there in the 10 year, the dollar down as well on the day and then just glancing at some other stuff, I know we've been watching Bitcoin not doing much went up and came back down again, I guess, and crude oil, uh trading a little bit higher. But uh the real mover today as you saw in market action was CP I which helped long duration equities like the tech stocks.Uh 10 year treasury and two year Treasury all rallied.But then the fed came in later and said, you know, not so much, it's probably more like December.
The the valuation paradigm uh is somewhat based on the expectation that rates are not gonna go higher. And so that's something where I think a lot of corporate execs are gonna wanna see, uh what is the most likely outcome with regard to tax policy?Will it be there and importantly trade policy? And we'll see um, you know, with the first debate coming up pretty soon, uh, more clarity around what some of those policies may be and mark, um, you don't just focus on stocks, you focus on multi assets as your title implies.Well, you know, I think, uh, commodities have taken a back seat and, uh, and, and people are not talking as much about commodities.
There's been a lot of focus on the different uh picks and shovels that go into energy transition, however you want to define that. And so even though it's, it's results were sort of lackluster, people were really focusing more on that.For words, Mr Johnson says the world's largest cloud companies and the world's most successful and accomplished A I companies choose to use Oracle cloud services and data centers.
Bloomberg Intelligence saying that these deals are likely to accelerate growth in that cloud infrastructure business which could help offset a slot a slowdown in the broader cloud portfolio.So for Katz on the show, sure, that's an open invitation, open invitation coming up with Tesla shareholders set to vote on Musk controversial pay package tomorrow.
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