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Barry Diller: Media Deals & Election Day Votes 11/4/24
Nov 4, 2024
Barry Diller, chairman of IAC and Expedia and a media titan, discusses critical election prospects and his backing for Kamala Harris. He posits that Harris might benefit from bringing Elon Musk onto her team for budget cuts. Diller evaluates the potential Uber-Expedia collaboration and Comcast's strategic moves. He also examines the recent reshuffling in the Dow Jones, touching on major shifts in the semiconductor sector and market dynamics. The conversation highlights the intricate link between media landscapes and political discourse.
37:43
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Quick takeaways
- Barry Diller suggests that if Kamala Harris wins the election, she should consider including Elon Musk in her cabinet to reduce government spending.
- The podcast discusses the significant reshaping of the Dow Jones Industrial Average, reflecting a shift in market sentiment towards key players like Intel and NVIDIA.
Deep dives
Market Shakeup in Dow Jones Industrial Average
The recent changes in the Dow Jones Industrial Average include the removal of Intel and Dow Inc., making way for NVIDIA and Sherwin-Williams. This decision aims to provide a more accurate representation of the semiconductor and material sectors within the index. Analysts suggest that while this is a significant win for NVIDIA, it raises questions about Intel's current standing as a key player in the semiconductor industry. The market's perception of Intel's relevance is shifting, indicating a broader trend of companies needing to adapt quickly to maintain their competitive edge.
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Discover
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