Closing Bell

Closing Bell Overtime: How Today’s AI Summit Will Shape The Industry; Arm’s IPO Prices; Air Force Secretary On Geopolitical Threats 9/13/23

Sep 13, 2023

CIO Barbara Doran and Morgan Stanley's Seth Carpenter analyze market action. Moor Insights & Strategy CEO Patrick Moorhead discusses ARM's potential growth. Andrew Ng breaks down the AI summit with Elon Musk and Sundar Pichai. Air Force Secretary talks about China's threats and potential government shutdown economic impact.

44:38

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Episode guests

Seth Carpenter

Patrick Moorhead

Barbara Doran

AI Summary

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Episode notes

Podcast summary created with Snipd AI

Quick takeaways

Increased fuel costs and recent pilot contract negotiations are impacting the profitability of American and Spirit Airlines.

Elon Musk and Andrew Ng both emphasized the need for effective AI regulation to balance innovation and protect against potential harm.

Deep dives

American Airlines and Spirit Airlines issue Q3 profit warnings due to fuel costs and contract issues

American Airlines and Spirit Airlines both issued profit warnings for the third quarter due to increased fuel costs and other factors. American Airlines expects earnings per share to be closer to 20-30 cents, down from the previous estimate of 85-95 cents. Spirit Airlines warned that their margins could be negative 14.5-15.5%. The increase in fuel costs and recent pilot contract negotiations are major contributing factors to the profit cuts.

Introduction

4min

The Impact of Stability on Stock Valuation

15min

Takeaways from AI Summit and ARM's Growth Prospects

4min

ARM's Role in Automotive Market and Revenue Strategies

2min

Opportunity for Value in the Market and Air Force Secretary's Warning on China

3min

US Military Capability and Budget Uncertainty

17min

Negotiations for Raise, Adobe's AI Release, and Arm's IPO Pricing

4min

It was a mixed session for stocks with the S&P 500 and Nasdaq bouncing back from Tuesday’s losses. BD8 Capital Partners CIO Barbara Doran and Morgan Stanley’s Seth Carpenter break down the market action. Pricing for ARM’s IPO is expected to come in above the range; Moor Insights & Strategy CEO Patrick Moorhead on how much growth the company could see in the coming months. Morgan sat down with the Air Force Secretary and Anduril’s CEO to talk China and the economic impact of a possible government shutdown. Google Brain Co-Founder Andrew Ng breaks down today’s big AI summit in DC as leaders like Elon Musk and Sundar Pichai briefed senators on the industry and possible regulation.

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Closing Bell

Closing Bell Overtime: How Today’s AI Summit Will Shape The Industry; Arm’s IPO Prices; Air Force Secretary On Geopolitical Threats 9/13/23

Episode guests

Podcast summary created with Snipd AI

Quick takeaways

Deep dives

American Airlines and Spirit Airlines issue Q3 profit warnings due to fuel costs and contract issues

United Auto Workers contract expiration and ongoing negotiations with automakers

Elon Musk emphasizes the need for AI regulation

Andrew Ng expresses concern over lack of AI transparency and the need for regulation

Remember Everything You Learn from Podcasts