Market Reactions to Trump Shooting & Will the AI Bubble Burst?
Jul 15, 2024
28:03
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Market reactions to an attempted assassination of Trump, concerns about AI bubble bursting, winners of the weekend include Alec Baldwin and Spain, stegosaurus up for auction draws criticism, Seine River symbolizes Paris readiness for Olympics, and major news highlights of the week.
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Quick takeaways
Goldman Sachs questions AI profitability and impact, experts express skepticism.
Assassination attempt on Trump affects fundraising, US leaders show support, impacting election prospects.
Deep dives
Chad GPT's View on AI Bubble Concerns Explored by Goldman Sachs
Goldman Sachs raises questions on the transformative impact and profitability of generative AI, with experts like Daron Asimoglu and Jim Cavallo sharing skepticism. They inquire about AI's ability to solve crucial problems and boost worker productivity, amid concerns of data scarcity and high training power demands.
Trump Assassination Attempt Fuels Business World's Reactions and Speculations
Following the assassination attempt on Trump at a rally, top US business leaders like Elon Musk and Bill Ackman express support and endorsement for Trump's recovery. The incident impacts fundraising and election prospects, with prediction markets pricing his chances at 70%, reminiscent of past positive support surges for candidates post-assassination attempts.
Spain's Sports Triumphs in Golf, Tennis, and Soccer Reflect Cultural Diversity and Success
Spain celebrates victories in golf, tennis, and soccer as Carlos Alcaraz and national soccer stars secure wins, showcasing multicultural talent with players like Lamine Yamal and Nico Williams. The country's diverse immigrant roots contribute to a powerhouse sports squad, symbolizing a blend of heritage and athletic excellence.
Episode 365: Neal and Toby recap the assassination attempt at a rally in PA that grazed but ultimately missed former President Trump and how the markets are reacting. Then, a group of Goldman Sachs strategists are concerned the AI tech boom may actually be a bubble that could burst, leaving investors skeptical about its true payoffs. Next, the weekend’s winners: Alec Baldwin and Spain. Plus, a stegosaurus up for auction is drawing much attention – and criticism. Meanwhile, the Seine River is becoming a symbol of Paris’ readiness to take on the Olympics. Lastly, the biggest news you need to know this week.