Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Tuesday’s key moments. 1. Wall Street was mixed Tuesday as the market continued to digest the latest twists and turns in President Donald Trump ‘s trade tariffs, both implemented and threatened. Delivering his semiannual economic assessment to senators Tuesday, Federal Reserve Chairman Jerome Powell said central bankers don’t “need to be in a hurry” to lower interest rates further. Powell goes before House members Wednesday shortly after the 8:30 a.m. ET release of the consumer price index (CPI) report. The second key inflation report of the week, the producer price index (PPI), is out Thursday. Club name DuPont jumped more than 7% on a solid earnings report. Club names GE Healthcare and Palo Alto Networks report their quarterly results on Thursday before and after the bell, respectively. 2. Alibaba will make AI features for Apple’s iPhone in China, according to The Information . The tech outlet reports that Apple and Alibaba have submitted AI features for approval by a Chinese regulator. Why does this matter? Apple said on its earnings call that in markets where Apple Intelligence is available, the Apple 16 phone sold better, Jeff Marks, director of portfolio analysis for the Club, reminded us Tuesday. If Apple can get AI approval in China, this could be what is needed to get iPhone sales in the world’s second-largest economy back on track. 3. Another research firm was raising its fourth-quarter same-store sales estimate on Home Depot to positive territory. This time it was Truist, which followed JPMorgan on Monday. The Club moved out of Stanley Black & Decker last Tuesday, put more money in Home Depot to keep our exposure to the home improvement space with less tariff risk. Home Depot is set to report earnings before the opening bell on Feb. 25. (Jim Cramer’s Charitable Trust is long AAPL, HD. See here for a full list of the stocks.) As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust’s portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB. NO SPECIFIC OUTCOME OR PROFIT IS GUARANTEED.
China AI rollout for Apple may be closer, another big Home Depot call