Wall Street Breakfast Tariff battles begin
Feb 3, 2025
The podcast dives into the chaos caused by new tariff battles, with stock index futures plunging amidst fears of a recession. OpenAI unveils an innovative AI agent aiming for higher intelligence. Meanwhile, Elon Musk takes a bold step to dismantle USAID, deeming it 'beyond repair.' The discussion also highlights how major companies, particularly Shopify and automakers, are feeling the pressure from these changes. It’s a whirlwind of economic uncertainty and technological advancement.
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Tariff Impact
- Trump's tariffs on Canada, Mexico, and China sparked a market downturn.
- Experts predict potential recessions for Canada and Mexico, exceeding the Brexit shock to the UK.
OpenAI's Deep Research
- OpenAI launched Deep Research, a new ChatGPT feature for complex online research tasks.
- It synthesizes information like a research analyst, advancing towards Artificial General Intelligence (AGI).
Musk and USAID
- Elon Musk aims to shut down USAID, deeming it "beyond repair."
- Musk's Department of Government Efficiency cut staff and funding, impacting programs like HIV/AIDS aid.