The Rundown GoPro Joins the Meme Stock Party, Goldman & BNY Team Up on Digital Tokens
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Jul 23, 2025 The podcast kicks off with a market update, discussing a new U.S.-Japan trade deal and the wild ride of meme stocks like Kohl's. It dives into tech innovations, exploring BlackRock's insights on asset tokenization and Elon Musk's AI funding. The conversation then shifts to South Park's record $1.5 billion streaming deal, marking a significant move to Paramount Plus. Finally, there’s a teaser for upcoming earnings reports from major players like Tesla and Google, inviting listeners to engage in the discussion.
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Trade Deal Sparks Optimism
- The trade deal with Japan signals possible more trade agreements soon.
- Japan lowered tariffs and promised $550 billion in investments to the U.S.
Banks Embrace Tokenization
- Goldman Sachs and BNY are tokenizing money market funds on the blockchain.
- This modernization unlocks liquidity, flexibility, and 24/7 trading for a $7.1 trillion market.
Elon's AI Scale Ambitions
- Elon Musk's XAI aims to raise billions for Nvidia GPUs to scale AI infrastructure.
- Grok 4 competes with AI giants but requires huge spending to keep up.