The Prof G Pod with Scott Galloway Prof G Markets: Blockbuster Week For Big Tech Earnings + Can the U.S. Fix Its Student Debt Crisis?
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May 5, 2025 The hosts dive into the latest U.S. GDP report and China's factory activity, revealing surprising insights about global trade. They discuss Amazon's ambitious Project Kuiper and its potential to reshape broadband. Big Tech earnings steal the spotlight, with highlights on Microsoft’s cloud growth and Apple’s cautious forecast. Finally, they tackle the reintroduction of student loan collections, exploring challenges and solutions for managing debt. It's a blend of economics, innovation, and practical advice that keeps listeners engaged!
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GDP Drop Due To Tariff Timing
- The U.S. GDP contraction in Q1 2024 was mainly due to a surge in imports ahead of tariffs, an accounting effect rather than actual economic weakening.
- The true impact of tariffs on the economy will only be visible in the next GDP report after tariffs took full effect.
China’s Slowdown Benefits Europe
- China’s manufacturing activity slump and drop in export orders signal a slowdown, with GDP growth forecast lowered below 4%.
- Europe is benefiting as China redirects exports there amid U.S.-China trade tensions, strengthening EU-China trade ties.
Amazon Kuiper’s Boost From Prime
- Amazon’s Project Kuiper satellite internet aims to compete with Starlink but is far behind in satellite numbers.
- Jeff Bezos could integrate Kuiper with Amazon Prime, leveraging Prime’s loyalty to rapidly gain market share.