Prof G Markets Is AI CapEx Out of Control? + Bill Ackman’s IPO Failure
10 snips
Aug 5, 2024 Dive into a lively discussion about the latest Fed meeting, Starbucks' disappointing earnings, and Delta's unique challenges. The hosts analyze why Microsoft and Meta's strong earnings didn't translate into positive stock movement. There's an intriguing look at the staggering rise in capital expenditures for AI and cloud services. Plus, they dissect Bill Ackman’s struggles with his IPO, shedding light on investor hesitance and the online sentiment that influences today’s market dynamics.
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Star Wars and Fundraisers
- Scott Galloway reminisces about his first date at a Star Wars premiere.
- He also mentions a recent fundraising event he attended, 'White Dudes for Harris'.
Strong Economy, Poor Messaging
- The US economy is currently very strong, with low unemployment and high GDP growth.
- Despite this, public sentiment remains negative, likely due to poor messaging by Democrats.
Politics and Consumer Sentiment
- Consumer sentiment is influenced more by political affiliation than actual economic conditions.
- Republicans viewed the economy favorably until Biden's presidency, while Democrats' views reversed.