Graduate students are taking on an outsized share of federal loans, set to outpace undergrads. AI and sustainability intersect, with insights on unbiased technology adoption in businesses. Controversies surrounding Stanford University addressed, highlighting its success amidst scandals. Ongoing litigation over the use of fluorinating chemicals discussed. Negative quarter for S&P 500 and Dow Jones, along with analysis of interest rates and stock market trends.
Graduate students are set to borrow more federal loans than undergraduates for the first time.
The intersection of AI and sustainability is a topic of discussion and exploration in various industries.
Deep dives
Negative end to the quarter for S&P 500 and Dow Jones
The S&P 500 and Dow Jones are set to end the third quarter in negative territory.
Fed policy and rate hikes
The Fed is likely to have one more rate hike before going on hold. Historical data suggests that after the last rate hike, the Fed typically starts cutting rates about eight months later.
The resilience of the US economy
Despite expectations of a downturn, the US economy has remained resilient, primarily driven by the strength of the US consumer. Certain sectors, such as housing and manufacturing, have shown pockets of weakness.
Uncertainty around corporate behavior and labor markets
Corporations may hold on to workers and delay downsizing in uncertain economic conditions. The availability of workers and labor market conditions will be crucial to monitor.
Bloomberg News Higher-Education Finance Reporter Janet Lorin explains that graduate students are taking on an outsized share of federal loans, and for the first time are set to outpace how much undergraduates are borrowing. Christina Shim, Global Head of Product and Strategy at IBM Sustainability Software, discusses the intersection of AI and sustainability. Bloomberg Businessweek Editor Joel Weber and Bloomberg News Senior Investigations Reporter Esmé Deprez share the details of Esmé's Businessweek Magazine story Plastic Bottles With No. 2 Recycle Symbol May Have Toxic Problem. And we Drive to the Close with Michael Sheldon, Chief Investment Officer at Hightower RDM Financial Group. Hosts: Carol Massar and Simone Foxman. Producer: Paul Brennan.