Uri Levine, co-founder of Waze, discusses the impact of the Israel-Hamas war on the Israeli tech industry. Joel Weber and Robert Langreth explore drug companies exploring manufacturing drugs in space. The podcast also covers the potential of AI on job creation and the connection between value creation and purpose in life.
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Quick takeaways
The Israel-Hamas war is impacting the Israeli tech industry.
Drug companies are exploring the possibility of making lucrative drugs in space.
Deep dives
Investor optimism running dangerously high on Wall Street
Wall Street equity specialists are expressing caution and pessimism due to overstretched technicals and expectations that the Fed will not cut interest rates as quickly as markets anticipate.
Economic outlook for 2024 hinges on employment
The strength of the economic recovery in 2024 depends on employment data and jobless claims. A recessionary scenario could lead to negative growth and potentially impact the equity market.
Warning signs in China's economy could affect global growth
China's weak economic indicators, such as rising personal bankruptcy data and delinquencies in commercial real estate, raise concerns about its economic transition and its impact on global growth in 2024.
Portfolio strategies necessitate adjustments for 2024
Investors are advised to ensure balance in their portfolios, given the potential for declining economic growth and ongoing disinflation. Adjustments in asset allocation, such as incorporating short-term high-yield bonds and adding duration to counteract a weaker equity market, may be prudent.
Waze Co-Founder Uri Levine explains how the Israel-Hamas war is impacting the Israeli tech industry. Bloomberg Businessweek Editor Joel Weber and Bloomberg News Health Care Reporter Robert Langreth share the details of the Businessweek Magazine story Drug Companies Explore Making Most Lucrative Drugs in Space. And we Drive to the Close with Aaron Kennon, CEO at Clear Harbor Asset Management. Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan.