In this episode of the RiskReversal Podcast, hosts Guy Adami and Dan Nathan discuss the latest economic indicators, including the September non-farm payrolls, PCE inflation readings, and GDP data. They analyze the inconsistency between accelerating GDP and slowing employment growth, touching on the potential impact of AI and reduced immigration. The conversation further explores the recent market dynamics, including bond yields, the performance of major tech stocks, particularly the AI-driven surge of Nvidia, and the skepticism from various market commentators. They also discuss recent government investments in Intel and the unusual valuation of TikTok in a proposed acquisition deal. The episode wraps up with a look ahead at the upcoming earnings report from Nike and what they might indicate for the broader market.
Links Mentioned
- The Daily Spark (Apollo)
- David Einhorn Sounds Warning on the AI Spending Splurge - (Bloomberg)
- Spending on AI Is at Epic Levels. Will It Ever Pay Off? (WSJ)
- An $800 Billion Revenue Shortfall Threatens AI Future, Bain Says (Bloomberg)
- AI investment bubble inflated by trio of dilemmas (Reuters)
- The $100 Billion Nvidia-OpenAI Virtuous Circle Has an Ugly Side (Bloomberg)
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