TheStreet’s Conway Gittens brings you the biggest news of the day, including what investors are watching and the official launch of Apple Intelligence.
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00:00I'm Conway Gittins reporting from the New York Stock Exchange.
00:02Here's what we're watching on the street today.
00:04Investors are focused on earnings.
00:06Wall Street is anticipating solid earnings
00:09from the tech sector.
00:10Outside that group, however, the news flow on Tuesday was mixed.
00:14Global same-store sales at McDonald's
00:16were down for the quarter, but it beat on other numbers.
00:20Meanwhile, Ford gave a muted full-year forecast
00:24that overshadowed better-than-expected results.
00:27Turning to other business headlines,
00:30if you have a newer model iPhone, Mac, or iPad
00:33and things look a little different, they are.
00:35That's because Apple has begun to roll out
00:37artificial intelligence features.
00:39The new AI tools, which are dubbed Apple Intelligence,
00:43are available via software updates for the iPhone 16
00:46and 15 Pro and Pro Max.
00:49AI software upgrades are available for Macs and iPads
00:53as well.
00:54So what can Apple device users do now
00:56that they couldn't do before?
00:58For one, they can now record a call.
01:01AI will transcribe the conversation
01:03and save a summary of the call in the Notes app.
01:06In addition, writing will be easier.
01:09AI can proofread, edit, and summarize users' documents.
01:13Siri will be more streamlined to interact in a manner
01:16Apple describes as, quote, more natural and conversational.
01:20There are also AI tools to help better sort
01:22through saved photos and videos
01:24and to make editing that content easier.
01:27Apple is in the midst of the early days of an AI race.
01:31Its main competitors, Google and Microsoft,
01:33are also putting AI tools at consumers' fingertips.
01:36Apple needs to keep up in order to fortify sales
01:39of its most important device, the iPhone.
01:43There are concerns, however, that these new AI features
01:46may not be enough to convince enough consumers
01:49grappling with inflation and higher interest rates
01:52to upgrade to a newer, more expensive phone.
01:56That'll do it for your daily briefing
01:58from the New York Stock Exchange.
01:59I'm Conway Gittins with The Street.