Prof G Markets

Gil Luria, Head of Technology Research at D.A. Davidson, dives into Palantir's recent stock tumble following Michael Burry's bearish bet, highlighting how its lofty valuation detaches price from performance. He discusses the risks inherent in shorting the stock despite its strong earnings growth. Liz Hoffman, business editor at Semafor, then analyzes Wall Street’s shifting response to Zoran Mamdani's NYC mayoral victory, tying it to broader anti-establishment sentiments and concerns from business leaders regarding the city's future.

Harley Finkelstein, President of Shopify, shares insights on the company's impressive Q3 performance, emphasizing consumer resilience and innovative AI tools. Jessica Tarlov, host of Raging Moderates, delves into the profound effects of the historic U.S. government shutdown, touching on food insecurity and the political ramifications. Ed Elson discusses the recent NYC mayoral race, framing it as a reflection of growing anger over inequality, particularly spotlighting Zohran Mamdani's victory as a pivotal moment in the fight against systemic issues.

Ryan Petersen, founder and CEO of Flexport, shares insights on navigating the evolving tariff landscape and the strategic pauses companies face. He discusses the complex impact of tariffs on consumer prices and identifies winners and losers in the new trade dynamics. Dan Primack, business editor at Axios, analyzes the strategic motives behind Kimberly-Clark’s acquisition of Kenvue, touching on litigation risks affecting Kenvue's performance. The conversation also explores Amazon's $38 billion deal with OpenAI, highlighting its potential to position Amazon as a leader in AI and cloud competition.

Scott and Ed dive into the latest Big Tech earnings, analyzing who might be over or undervalued. They explore AI's role in job displacement, arguing that those adept with AI will thrive, while many conventional roles face risks. The hosts identify companies vulnerable to layoffs and highlight low-risk jobs resistant to automation. They also review the recent Trump-Xi trade talks, critiquing U.S. strategy and suggesting opportunities in diversifying rare earth supplies. Tune in for insights on navigating the evolving job market!

Andrew Ross Sorkin, Editor-at-large of DealBook and co-anchor of CNBC's Squawk Box, dives into the striking similarities between the 1929 market crash and today's financial landscape. He explains how leverage and speculation played roles then and now, cautioning against the opaque risks in AI-driven markets. Sorkin discusses the dynamics of financial innovation and modern manipulation, while also examining the upcoming NYC mayoral race. His insights weave history with present-day lessons on market behavior and governance.

Join Scott Devitt, Managing Director at Wedbush Securities, and Gil Luria, Head of Technology Research at D.A. Davidson, as they dissect the latest in tech stocks. Devitt analyzes why Meta's shares plummeted despite record revenues, citing a hefty tax charge and rising expenses. Luria offers insights into NVIDIA's astonishing $5 trillion milestone, exploring the implications of AI demand on chip supply. Both guests speculate on the future of AI investments and NVIDIA's competitive edge, while weighing market excitement against potential valuation risks.

Alex Heath, a tech journalist and co-host of the Access podcast, discusses OpenAI's recent restructuring and the launch of its for-profit arm, highlighting implications for Microsoft and potential IPO steps. Scott Galloway, a marketing professor and sharp tech analyst, weighs in on Amazon's massive layoffs, suggesting they stem from a shift towards AI and automation to improve margins. The conversation also touches on concerns over Apple's $4 trillion valuation amidst product and AI challenges, questioning the company's growth prospects in a rapidly evolving market.

Oliver Stuenkel, an expert in Latin American politics, discusses Javier Milei's surprising electoral win in Argentina and its implications for liberal reforms. He delves into how unexpected local results shaped national momentum and the challenges Milei faces amid public sector issues. Robert Armstrong, a financial commentator, analyzes the latest CPI report, emphasizing the complexities of inflation predictions and the potential impact of tariffs. He cautions against excessive rate-cut expectations while highlighting market trends and risks, especially in gold and tech.

Hosts delve into China's impressive AI efficiencies and their potential to disrupt the U.S. market with lower-cost large language models. They discuss the rising demand for private security in response to high-profile crimes, linking this to growing wealth inequality. The conversation shifts to Warner Bros. Discovery's potential sale, debating whether the bidding war is genuine or a strategic illusion. As they analyze upcoming tech earnings and the Fed's decisions, they highlight the fierce competition between U.S. branding and Chinese efficiency in the evolving tech landscape.

In this discussion, Daron Acemoglu, a Nobel Prize-winning economist and MIT professor, dives deep into the implications of AI on society. He rates AI’s impact negatively, arguing that it can exacerbate inequalities. Acemoglu distinguishes between harmful automation and AI as a communication tool, emphasizing the need for proactive regulation to ensure technology benefits everyone. He also warns about the erosion of U.S. institutional strength and stresses the importance of academic freedom for innovation. His insights highlight the urgent need for balanced institutions to navigate the future.