Reset with Lynlee

On What’s Trending, we talk about the recent "Course des Garçons de Café" or the café waiters race held in Paris during the weekend. And we also discuss about the new law for those who are planning to climb Everest.

Luxury stocks saw a sharp decline in Europe last week, after a profit warning from the owner of Gucci laid bare a sharp slowdown in demand for high-end goods, especially in China. Shares of Gucci owner Kering plunged as much as 15%. Other luxury stocks also saw a similar decline - with LVMH down more than 3% at one point. So what’s driving the sudden decline in luxury stocks? Are luxury stocks no longer a safer investment choice to bet on China’s economic recovery? On Money in the Market, Hongbin Jeong speaks to Shirley Zhao, Consumer, Conglomerates and Gaming Reporter, Bloomberg, to take a closer look at luxury stocks. 

On What’s Trending, we find out how the internet defines “boy mom.” And adultery may soon be legal in New York after over a century.

Global equity markets are hovering around new all time highs. But what could go wrong? What could cause big disruptions in the market this year? That’s the question investors have in the back of their minds. And Lombard Odier has outlined eight key risks surrounding markets in their latest report. On Money in the Market, Hongbin Jeong speaks to Homin Lee, Senior Macro Strategist, Lombard Odier to find out what these risks are and how investors can safeguard their investments and capitalise on the opportunities in the current landscape.

Last week, everyone was buzzing about Singtel. And this week, it announced the launch of GPU-as-a-Service in Singapore and South-east Asia in the third quarter of 2024. Most importantly, Singtel will be among the world’s first to deploy Nvidia’s GB200 Grace Blackwell Superchips upon receiving them in early 2025. So are shares of Singtel riding the AI-frenzy? And can we see further upside of the stock? On The Afternoon Update, Hongbin Jeong is joined by Dan Chang C S, Trading Rep, Phillip Securities for a market wrap of the week, where they dive in deeper on Singtel. They also discuss other biggest movers on the STI, the latest slew of interest rate decisions from major global central banks, and whether there are any SGX-listed stock picks that stand to benefit from the latest interest rate decisions.

The US Fed is largely sticking to its path of interest-rate cuts - for now. As widely expected,  interest rates were kept unchanged at 5.25% to 5.5%. But this followed something else that went unchanged - the projection for rate cuts this year. Policymakers still see three cuts in 2024. But still questions remain when the first cut will come through. So how are markets reacting to this latest decision? On Money in the Market, Hongbin Jeong speaks to Sani Hamid, Director for Wealth Management, Financial Alliance, to find out more about what came out of the US Fed interest rate decision and when we can expect rate cuts. 

On March 13, two women who founded a daycare centre for kids with cancer and other critical illnesses, were named as The Straits Times Singaporean of the Year 2023. What does this award mean for them? And what keeps them going? On What's Trending, Hongbin Jeong speaks to Ronita Paul and Geraldine Lee, Co-Founders of Arc Children's Centre, to share more about their achievements and their story. Highlights: 1. Ronita, behind the story of starting this daycare centre, I believe there’s a young boy and a promise you made to this young boy? Tell us more. - 1:52 2. Were there any specific hurdles you encountered during the establishment of the daycare centre and how did you overcome them? - 4:20 3. What keeps you going? Is there a specific moment that perhaps a child has inspired you to keep going and keep doing what you’re doing? - 7:37 4. How do you think this distinction will help raise knowledge and appreciation of Arc Children's Centre and its noble mission? - 10:55 5. How do you plan to leverage this honour to further the cause and expand the impact of Arc Children's Centre? What are the goals for the centre's future? - 11:48

Questions on when the US Fed will cut its benchmark interest rate for the first time this year are rising. But Fed Chair Jerome Powell and policymakers are expected to play it safe when they meet this week, keeping their rate unchanged for a fifth straight time. That’s as they still need further evidence that inflation is returning to their 2% target. On Money in the Market, Hongbin Jeong speaks to Danish Lim, Investment Analyst, Phillip Nova to find out more on what to expect in the interest rate decision later tonight. 

The equity market has rallied powerfully since November 2023. So after a sharp rally of this nature, are we in overbought market conditions? Investor sentiments at bullish extremes and a high concentration in US Big Tech tend to lead to heightened risks of short- term volatility. But despite risks of short-term volatility, can larger tailwinds behind the bull market remain intact? On Money in the Market, Hongbin Jeong speaks to Neo Bee Leng, Investment Strategist, Bank of Singapore, to find out how investors can navigate the current market dynamics and strategies to mitigate short-term volatility.

On What's Trending, Kate Middleton's conspiracy theories and rumours has been debunked after her recent sighting with Prince William at Windsor. But during her absence, what kind of conspiracy theories and rumours circulated online?