Stephanie Roth is the chief economist at Wolfe Research, and was previously an economist at JPMorgan. She joined Phil Rosen on Full Signal to discuss how AI is changing jobs and the labor market, whether AI is driving productivity gains, Big Tech’s capex plans, its impact on young people finding jobs, comparisons to dot-com, and what investors are missing today.
This episode is sponsored by Public: https://public.com/openingbell
Subscribe to Opening Bell Daily: https://www.openingbelldailynews.com/subscribe
Follow Phil on X: https://x.com/philrosenn
Follow Phil on LinkedIn: https://www.linkedin.com/in/philrosen/
0:00 - Intro
0:30 - Labor market outlook
2:50 - AI and layoffs
3:57 - AI driving new jobs, productivity
6:30 - Broad AI adoption in economy
7:15 - Youth unemployment
11:00 - Public & Generated Assets
12:07 - AI capex and GDP
15:30 - Economic vs. asset price bubble
16:55 - AI isn’t dot-com bubble
17:50 - What investors misunderstand on AI
19:16 - K-shaped economy
22:55 - Consumer spending
25:55 - Inflation and tariffs
26:55 - Affordability and consumer sentiment
28:00 - Bias of sentiment surveys
30:30 - New Fed Chair, Fed independence
33:55 - White House policy
36:48 - What economists got wrong on tariffs
Disclosure: Brokerage services provided by Open to the Public Investing Inc, member FINRA & SIPC. Investing involves risk. Generated Assets is an interactive analysis tool by Public Advisors. Output is for informational purposes only and is not an investment recommendation or advice. See disclosures at public.com/disclosures/ga. See terms of Match Program at https://public.com/disclosures/matchprogram Matched funds must remain in your account for at least 5 years. Match rate and other terms are subject to change at any time.
#podcast #investing #markets #macro #stocks #bitcoin #fed
