Prof G Markets Is Google a Buy? + Is Uber Recession Proof?
261 snips
May 12, 2025 The hosts dive into Trump's trade negotiations with the U.K. and the implications for the market. They discuss how Apple might replace Google as the default search engine and its potential impact on Google's stock, highlighting the company's undervaluation. The conversation then shifts to Uber's latest earnings, with optimism stemming from societal shifts that could bode well for their future. They also touch upon the challenges of cryptocurrencies and how corporate breakups could lead to increased shareholder value.
AI Snips
Chapters
Transcript
Episode notes
Trump's UK Trade Deal Critique
- Trump's trade deal with the UK lacks clear wins for either side and is mostly symbolic.
- The administration's negotiation approach appears chaotic and ineffective, aiming more for press releases than substance.
Fed's Cautious Rate Approach
- Jerome Powell is highly cautious about rate cuts due to uncertain impacts of tariffs and inflation.
- Market expectations for a July rate cut have decreased, pushing possible cuts to September or later.
Stagflation Threat Looms
- Market fears stagnation combined with inflation (stagflation), unseen since the '70s, drive Fed's cautious stance.
- High inflation risks lead to potential interest rate hikes and increased unemployment to restore economic balance.