Bloomberg Surveillance

Bloomberg Surveillance TV: July 11, 2024

Jul 11, 2024

Rep. Haley Stevens discusses Biden's reelection bid. Sarah Hunt shares market insights on AI spending. David Kelly and Steve Ricchiuto unpack CPI data. Podcast explores market trends and economic strategies.

27:18

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Podcast summary created with Snipd AI

Quick takeaways

Investing in AI infrastructure raises concerns about valuations and profitability.

Consumer behavior issues at Delta Airlines could signal broader impacts on consumer-facing companies.

Deep dives

Concerns about AI Spending

There are discussions about the ongoing AI infrastructure spending and whether companies like Apple should be rewarded for investing heavily in the future. The concern is around the levels of infrastructure built and when the spending will slow down, leading to worries about valuations and profitability stemming from the effective use of AI. The focus is on understanding when the spending will translate into profitable use cases.

Intro

2min

Balancing Infrastructure Investment and Future Uncertainties

5min

Analysis on CPI, President's Press Conference, and Market Reactions

1min

Support for Biden-Harris Ticket and Concerns about the Economy

10min

Federal Reserve's Decision-making and Market Reactions

10min

Insights on Market Trends, Economics, and Cybersecurity Solutions

2min

- Rep. Haley Stevens, (D) Michigan
- Sarah Hunt, Alpine Woods Capital Investors Chief Market Strategist
- Steve Ricchiuto, Mizuho Chief US Economist - David Kelly, JPMorgan Chief Global Strategist

Rep. Haley Stevens of Michigan discusses standing by President Biden's bid for reelection despite calls for him to step aside. Sarah Hunt of Alpine Woods Capital Investors provides insights on markets continuing to close at record highs and what is next with big AI spending. David Kelly of JP Morgan and Steven Ricchiuto of Mizuho unpack today's CPI data.

See omnystudio.com/listener for privacy information.

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