US House Passes Bill That Would Force TikTok Sale or Ban
Mar 13, 2024
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US House passes bill to force TikTok sale or ban due to national security concerns. OpenAI-backed startup aims to build software brain for robots. Private credit market expected to reach $2.3 trillion by 2027. Tyson Foods hiring NYC immigrants for challenging jobs. Discussion on market sentiment and elections impact on tech policy and AI investment opportunities.
US House bill targets TikTok ban unless sold by Chinese owner.
Interest in AI investments drives focus on companies utilizing artificial intelligence for growth.
Deep dives
Clients' Concerns on the Upcoming Elections
Clients are increasingly focused on the upcoming elections as a top concern alongside inflation. The uncertainty and potential impact of election outcomes on markets and tax policies prompt a more conservative approach to portfolio allocations, focusing on value investments and tax-efficient strategies.
Diversification in Portfolio Allocations
Portfolio diversification includes a shift towards allocating around 60% to equities, 20-25% to fixed income, and the remainder in alternative investments. The inclusion of alternative investments aims to reduce portfolio volatility by introducing non-correlated assets like private equity, hedge funds, or other non-traditional asset classes.
Investing in Alternatives for Portfolio Stability
Alternative investments offer clients exposure to non-correlated assets like private equity or hedge funds, providing unique opportunities for growth and diversification. The focus is on refining portfolios to include assets that mitigate market volatility and offer growth potential outside of traditional equity and fixed income strategies.
AI Investments in Portfolio Construction
Clients express growing interest in AI investments, seeking exposure to companies utilizing artificial intelligence for business growth. The approach may involve investing in service companies leveraging AI across various sectors, rather than solely focusing on dedicated AI companies like headline names or NVIDIA, aiming to incorporate AI-driven businesses that bolster operational efficiency and innovation.
Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF. Bloomberg News National Security Reporter Daniel Flatley discusses the US House passing a bill to ban TikTok in the US unless its Chinese owner sells the video-sharing app. Bloomberg Businessweek Features Writer Ashlee Vance provides the details of his Businessweek story OpenAI-Backed Startup Is Building a Software Brain for Robots. Kyle Brown, CEO of Trinity Capital, shares why private credit could become a $2.3 trillion market by 2027. Bloomberg News Equality Team Reporter Simone Foxman and Garrett Dolan, Senior Manager of Human Resources at Tyson Foods, explain how Tyson is hiring New York immigrants for jobs no one else wants. And we Drive to the Close with Kathy Entwistle, Managing Director at Morgan Stanley Private Wealth Management. Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan.