Feds Chairman Jerome Powell said the process of getting inflation back down to 2% has a long way to go and is likely to be bumpy. The S&P 500 is up 1% since the news, but ongoing bank uncertainty continues with First Republic down 50% in the last five days. There are so many people out there, especially younger people who have done taking some action to try and prepare either buying supplies or thinking about their go route,. preparing for doomsday.
Scott and Kara* dissect TikTok CEO Shou Chew’s testimony in the House as the app fends of a potential U.S. ban. And in A.I. news, Google released its chat bot, Bard, to the general public. Plus, President Trump is still a free man, the Fed has raised interest rates yet again, and Ford’s EV business is in the red. Then, a listener question about getting paid in stock.
*See what we did there?
You can listen to Kara’s interview with OpenAI CEO Sam Altman here.
For a deeper dive on the implications of the potential Trump indictment, check out Stay Tuned from friend of the show, Preet Bharara.
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