Zadad Money

public.com presents the rundown your daily market update in under 10 minutes my name is zadad money and today is wednesday january 28th in today's episode we'll tell you why the u.s dollar is losing its value we'll also recap earnings from asml and starbucks and tell you why amazon plans to cut 16 000 jobs

Then stick around to the end of the show to learn about a secret investment by Zoom that is paying off big time.

We got a great show for you today.

Let's go.

Stocks kept the rally going on Tuesday with the S&P 500 jumping 0.4% and closing at record highs.

The Nasdaq did even better, jumping 0.9% thanks to a rally in tech stocks.

I think it's a sign that investors are optimistic that big tech companies will deliver on earnings this week.

Now, let's talk about the US dollar because it is getting a lot of attention right now.

The dollar has fallen about 2.6% over the last four trading days, which marks its largest four-day drop since last April when President Trump announced his Liberation Day tariffs.

Now, President Trump was asked yesterday about the dollar's recent slide, and he didn't sound so concerned.

And to be fair, there are pros and cons to a weaker dollar.

On the positive side, a weaker dollar makes US exports and services cheaper for foreign buyers.

So that's good news for big multinational companies that sell a lot of stuff overseas.

Their stuff effectively goes on sale for international buyers.

On the flip side, though, imports become more expensive for Americans and traveling abroad also gets pricier.

So I guess right now, don't rush to book that European vacation just yet.

I think the bigger story, though, is why the dollar is dropping in the first place.

There seems to be a lack of investor confidence in the stability of the US right now.

So we'll see what happens, but that sets up a very interesting day today.

Remember, the Fed meeting wraps up today at 2 p.m.