 This is a Bloomberg Money Minute. Apple's counting on a blowout year for iPhone sales, all because of artificial intelligence technology built right in to the latest iPhone 16s. At least $90 million expected to ship in the second half of this year. On Wall Street, stocks higher again today, hitting some fresh all-time highs, as Federal Reserve Chief Jerome Powell's second day of testimony to Congress is boosting bets that the central bank will be looking to start cutting rates this year as long as inflation continues to wane in the labor market.