Business Rundown: The Fed, Inflation And AI Bubble Fears

This edition of The Fox Business Rundown, hosted by Taylor Riggs, features Lou Basenese, Executive Vice President of Market Strategy at Prairie Operating Company, to discuss the Federal Reserve's recent interest rate cut and its implications for 2026. They analyze the Fed's dual mandate, inflation concerns, and potential weakness in the labor market. The conversation covers the impact on consumers, capital expenditures, and corporate debt, particularly within the tech sector, differentiating between companies like Meta, Amazon, and Google versus Oracle and Broadcom. They also touch on the potential of AI as the fourth industrial revolution and discuss Eli Lilly's new GLP-1 drug for weight loss, Lululemon's CEO transition, and conclude with the extended Christmas Eve delivery services offered by Walmart and Amazon.