The Exchange Trump Targets Chips, The Growing Gig Economy, and OpenAI’s New Model 8/7/25
Aug 7, 2025
Rick Santelli, a CNBC contributor known for his keen insights on market trends, joins Christina Parts Nevelis, who recently reported on President Trump’s call for corporate leadership changes at Intel. The discussion dives into Trump’s bold tariffs on semiconductors and the potential fallout for tech giants like NVIDIA. They also explore the evolving gig economy, highlighting the challenges and optimism surrounding platforms like DoorDash and Airbnb. Finally, the transformative impact of OpenAI's GPT-5 model on various sectors is unveiled, stirring excitement and debate around the future of AI in the workforce.
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Tariffs' Limited Inflation Impact
- Tariffs have not yet caused a meaningful increase in inflation, according to corporate earnings trends.
- Companies are skillfully managing tariffs without significantly affecting price pressures.
Gig Economy Growth Dynamics
- The gig economy is showing resilient demand, with delivery services leading growth.
- Lyft struggles to keep up due to lack of scale and competitive industry dynamics.
Kid Teaching Italian on Duolingo
- Morgan Brennan's nine-year-old daughter is learning Italian on Duolingo.
- This personal example highlights Duolingo's practical appeal for language learning.