CNBC's "Fast Money" Yields Head Higher… And AI’s Copyright Issues 10/21/24
Oct 21, 2024
Kate Rooney, a CNBC reporter covering AI's legal challenges, joins Gene Munster, Managing Partner at Deepwater Asset Management. They dive into rising interest rates and their implications for the market, particularly mortgage rates. The discussion shifts to AI’s copyright issues, spotlighting a lawsuit against Perplexity AI and its potential impact on the industry. Rooney and Munster also analyze how these developments affect investor sentiment and the broader AI landscape, making for a compelling exploration of economics and technology.
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Interest Rates and the Economy
- High interest rates can indicate a strong economy or a debt problem.
- The U.S. has a substantial amount of treasuries to fund, raising concerns.
Market Underestimation and Inflation
- The market underestimated the U.S. economy and its persistent inflation.
- Presidential candidates' policies are not deficit-friendly, adding to the issue.
Rate Hikes After Cuts
- Rates moving higher after a cut is counterintuitive but suggests a better economy.
- Higher inflation expectations can drive rates up despite the Fed's actions.