report. The report reassured investors that the Federal Reserve is likely going to cut rates at its September meeting.
But if we get that 0.15 at the end of the month and we're, we're sure to cut at least one fif 25 bits of points.I don't think so because we are bullish about inflation long term. So that means that we don't think there's gonna be two cuts and we've already made money on the trade.There will be a tendency to fade that cut.
So a clean sweep might mean a 28% corporate tax rate and then we would effectively withdraw a target.It didn't feel that way, but we did take off some edges. And they always ask these investors the odds of a soft landing if that's what they're projecting a no landing, a hard landing.And what stuck out to me was the survey was done from August 2nd to August 8th, which means it was post July Jobs report intuitively.
So, yeah, they had a big kind of mostly discussion about other things, but evs did come up and so did climate change. Uh This is something that is an EV that and was sort of, uh showing that, hey, we can make evs and we can make them kind of sexy.Now, this is a high end uh, station wagon if you will.People want actually me, um, uh, wagons and this is the Bugatti Turban.Of course, the super high end hypercar maker, this car is just, is just fantastic.I think a lot of people will be hot to try to see this thing.
So that uh pro is all that's not thrown in the Google app uh that you can search with uh using uh Google search.But if they are forced to get rid of those deals, meaning that they're not allowed to have uh the default on Apple through a deal or they're not allowed to be people on Samsung for a deal.According to the experts I spoke to, you would think that Google would try to then push the pixel phones as the option to get uh chrome and Google search as the default.
So, Chris, another update in the chip war as far as us versus China today with the news of Huawei building that chip. The reality is there's been a lot of similarity between what the Biden administration has done and what the Trump administration did when it was in power. And Chris, we've been talking about China here and I'm curious about the Taiwan risk knowing that a lot of the A I accelerators are manufactured over there.Well, you're right that the A I industry is hugely dependent on Taiwan.And this has been one of the reasons why the US as well as other countries have been trying to diversify the chip supply chain.
And I'm just curious of your assessment of those efforts, obviously, even when they're on time, they're not gonna change the industry for quite a while.Well, I think you're right that these facilities are built over multiple years and the industry has been building plants now for over half a century.
There's, there's really no doubt that the chip that has catalyzed the surge of investment in new facilities like these.Uh when most of these plants will come online.Be sure to come back tomorrow at 3 p.m. Eastern for all of your coverage leading up to and after the closing bell.Julie has you covered for the next half hour with the latest and greatest market moving stories.