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Public.com presents the rundown, your daily market update in under 10 minutes. My name is Zaydadmani and today is Friday, January 9th. In today's episode, we'll break down the December jobs report and what it signals about the economy. We'll also tell you about Meta's nuclear deal to power its AI data centers. Then stick around to the end of the show to find out how many people are using ChatGPT as their doctor. We got a great show for you today day. Let's go. Stocks are coming off a mixed day of trading. The S P500 was pretty much flat all of Thursday, ending the session up 0.01%. The NASDAQ was actually in the red dropping.4%. Small cap stocks were the big winners yesterday. The Russell 2000 jumped more than 1% and closed at record highs. You know, one of the predictions I made on our predictions episode last weekend was that the MAG7 stocks would underperform the broader market in 2026 and far that prediction has been right. I know we're very early here, but the overall Max 7 is down 0.1% this year. Meanwhile, the S P500 is up around 1% and the Russell 2000 is up nearly 5%. You know, we are continuing to see a rotation out of mega cap tech stocks and into other parts of the market. This started happening late last year and it's continuing this year and it could be a sign that investors are feeling more optimistic about the overall economy. The small caps tend to benefit more from an increase in economic growth. Now speaking of the economy, we just got the December jobs report from Bureau of Labor Statistics this morning and according to the report, the US economy added 50,000 jobs in December, which was well below the 73,000 jobs that was expected. On top of that, the BLS revised down the data from October and November, now is saying that 76,000 less jobs were added than previously reported in those two months. But it wasn't all bad news though. According to this jobs report, the unemployment rate did tick lower to 4.4% and and wage growth held steady. To me, this jobs report is showing what we already know, that we are currently in a low hire low fire environment. No, companies aren't rushing to hire people, but they aren't laying off a bunch of people just yet either. Now we'll have to see how the Federal Reserve reacts to this data. Remember, their job is to keep employment high and inflation low. I wonder if the Fed is going to keep cutting interest rates given that the unemployment rate is at 4.4%. The next big data to watch is going to be the inflation numbers. We are getting a CPI report next week on January 13th, so we'll definitely break that down. And remember, next week is also the start of earnings season, so we are about to enter into a busy period in the market. So if you're new here, it's a great time to get subscribed to the podcast. To stay in the loop, let's run through some headlines, starting with Meta. Meta just signed multiple nuclear energy deals to power its next generation AI data centers, including its massive Prometheus AI supercluster being built in Ohio. Meta announced a deal with three nuclear energy companies, including Vistra, Oklo and Terra Power. Now, Vista and Oklo are both publicly traded companies and both of their stocks are up more than 10% this morning at the time of this recording. You know, for these AI hyperscalers like Meta, Microsoft, Google and Amazon, getting access to power has become just as important as getting access to GPUs. Training and running large AI models requires an insane amount of electricity. So these tech companies are all turning to nuclear power. Meta said this deal will help fund Vistra's nuclear power plants in Ohio and Pennsylvania, extending the lifespan of those facilities and also increasing their energy product. The other two companies, nuclear projects are still being developed. You know, even if AI ends up being a bubble and the demand never materializes like these tech companies are expecting, at least we're getting a lot of investments in power infrastructure, in nuclear energy. To me, more energy is always a good thing, so I take that as a win. Now, sticking with the AI theme, let's talk about tsmc. The chip maker just reported fourth quarter revenues that beat expectations. Sales in the December quarter jumped about 20% year over year to just over $33 billion. And that growth has been driven entirely by demand for advanced chips used in AI applications. Now, TSMC is one of the most important companies in the world. There's a go to chip manufacturer for companies like Nvidia, amd, Apple, Qualcomm, pretty much everyone. So when these tech companies are doing great, there's a good chance that TSMC is also doing great. Just a few days ago at ces, Nvidia said that revenues from its current quarter and future data center chips is now expected to top half a trillion dollars in 2026, which is stronger than the already massive targets that had previously laid out. At the same time, Apple's iPhone 17 has seen solid demand. So that should all trickle down to tsmc. Now, the company will give investors a full update when it reports earnings next week, including a new guidance and capital spending plans. The last time we heard from TSMC back in October, they raised their 2025 revenue growth outlook to the 30 to 40% range. One last ripple effect I want to mention here. Good news for TSMC is usually good news for asml, the Dutch company that sells the ultra specialized lithography machines that TSMC uses to make these advanced AI chips. Shares of ASML are up 3% morning on the backs of this TSMC report, let's talk about some stocks making moves today. Intel stock is getting a bump this morning after President Trump praised the company and its CEO in a true Social post last night, highlighting their efforts to bring more chip production to the U.S. now it's been a big week for Intel. Earlier this week they showed off their new 18A 2nm PC chip at CES, which the company says is the most advanced CPU and ever manufactured in the US Now President Trump also played up the fact that intel stock has gone up 75% since the US government took a 10% stake in the company for $9 billion back in August. So this shout out from the President is giving the stock another boost this morning. It's up around 3% at the time of this recording. Now on the flip side, General Motors shares are sliding this morning after the U S automaker announced that it was taking a 6 billion dollar EV related charge in the fourth quarter. Basically, GM spent a ton of money on supplies and fact for evs that it no longer needs because the demand never materialized. The company is now pumping the brakes on its EV ambitions and writing down the value of its EV assets. GM also warned investors that this likely won't be the last time that it takes a charge when it comes to EVS. As a result, GM stock is down 2% this morning in reaction to this news. By the way, speaking of evs, this weekend's deep dive is about Lucid Motors, one of the last pure play EV companies left. We're going to break down the bull case, the bear case, and whether Lucid can even survive this EV winter. And so if you want to learn more about the company, keep an eye on your podcast feed tomorrow morning. Let's wrap the show with a Fun fact about 40 million people ask ChatGPT health related questions every single day. That works out to roughly 5% of all messages on the platform. And I'm not going to lie, I'm one of those people. And OpenAI is now leaning into being Dr. GPT. This week they announced ChatGPT Health, which will be a dedicated health experience, as its own tab inside ChatGPT. Be able to upload medical records, connect data from apps like Apple Health, and get more personalized explanations around labs trends and your overall health. There's currently a wait list for this feature, but I kind of want to sign up because I do use Chat GPT a lot for health related questions. In fact, I've set up a Chat GPT project with custom instructions and I've uploaded all my health records and lab results and I ask it questions all the time. And now doctors are starting to use AI a lot more as part of their day to day job as well. A survey from the American Medical association conducted In November of 2020, 2024 found that 2/3 of US physicians reportedly used AI in their work. And let's be honest, if that survey was done today, in 2026, that number would be way higher. I bet it's closer to 80, maybe 90%. So it makes sense for OpenAI to lean into this. I'm sure they're going to try to turn it into some sort of revenue stream. Now, am I a little uncomfortable that OpenAI has all this health data about me? Yeah, but I'm probably still going to sign up for Chat GPT Health. I mean, you got to admit using Chat GPT is way better than what we used to do, which was Google our symptoms and then immediately be told that we months to live based on an article on WebMD. But I don't know. Let me know what you guys think. Are you comfortable using Chat GPT as a pseudo doctor? Well all right guys, that's the rundown for today. That's the rundown for this week. Hope you guys enjoyed today's episode. If you did and you have like five extra seconds, consider giving us a five star rating on Apple, Spotify, YouTube, wherever you listen to your podcast. If you are listening on Spotify, don't forget to vote in today's Spotify poll. Leave us a comment on Spotify. All that engagement really does help us out and it helps other people find the show. As a reminder, we got a big weekend of content coming up. On Saturday morning we're going to be posting a deep dive about Lucid Motors. And then on Sunday morning we're posting an interview with CNBC's Andrew Ross Sorkin. So definitely keep an eye on your podcast feed this weekend for that. And again, thank you guys again for listening, watching and commenting. Shout out to Mike and Connor for all the work behind the scenes, and we'll see you guys back here tomorrow for the deep dive.