Prof G Markets

A federal appeals court ruling found many of Trump's tariffs illegal, shaking up the economic landscape. The conversation dives into how this affects consumers and the ongoing debate about presidential power. The closure of the de minimis loophole is also explored, revealing its significant impact on low-income households reliant on affordable imports. Additionally, the podcast discusses the ethical implications tied to labor practices within global trade, raising thought-provoking questions about tariffs and inequality.

Mark Zandi, Chief Economist of Moody's Analytics, joins the discussion to reveal the precarious state of the U.S. economy. He outlines the key factors contributing to heightened recession risks, such as minimal GDP growth and stagnant consumer spending. Zandi dives into how tariffs affect inflation and shares concerns over potential bond market instability. He also explores the influence of tech companies and AI on economic trends, while emphasizing the importance of central bank independence amidst political pressures.

Gil Luria, Head of Technology Research at D.A. Davidson, shares insights on Nvidia's surprising earnings drop despite impressive growth. He discusses regulatory and geopolitical challenges facing Nvidia in the Chinese market, while unpacking Trump's 50% tariff on India and its implications for U.S.-India relations. Lastly, the conversation touches on California's new tax incentives aimed at revitalizing Hollywood, scrutinizing whether they can effectively combat competition from digital platforms.

In this engaging discussion, Sarah Binder, a Senior Fellow at Brookings and political science professor at GWU, analyzes Trump's attempt to fire Federal Reserve Governor Lisa Cook and its implications for the Fed's independence. The conversation shifts to Eli Lilly's promising new weight loss pill, which could reshape the obesity drug market. Lastly, practical tips are shared on how to stay relevant in a world increasingly influenced by AI, emphasizing the importance of skills like curiosity and personal connections in navigating future careers.

Join Justin Wolfers, a professor of public policy and economics at the University of Michigan, as he dives into the U.S. government's bold move to acquire a 10% stake in Intel. They explore the unsettling implications of government intervention in the private sector and the potential effects on corporate innovation. The discussion also unpacks Jerome Powell's Jackson Hole speech, hinting at possible interest rate cuts while facing internal divisions. Lastly, they analyze the staggering success of OnlyFans, spotlighting its role in addressing loneliness in the digital age.

Josh Brown, co-founder and CEO of Ritholtz Wealth Management, shares insights on the recent tech selloff and the state of AI investments, questioning if we're in bubble territory. He discusses the implications of new regulations allowing alternative assets in 401(k) plans and the pros and cons for retail investors. Brown also predicts the Federal Reserve's next moves post-Jackson Hole. With his market expertise, he highlights the balance between high AI stock investments and the need for diversification.

Aswath Damodaran, a Professor of Finance at NYU's Stern School of Business, shares his insights on America’s evolving country risk and the reactive nature of today's markets. He delves into the AI hype surrounding tech valuations, critiques the notion of finding 'the next Amazon,' and discusses the implications of Bitcoin as a treasury asset. Damodaran also highlights the challenges posed by the broken IPO pipeline and how private markets are reshaping capital access, emphasizing the need for a long-term investment perspective.

Jason Bazinet, Managing Director of Media and Entertainment Research at Citigroup, shares insights into Disney's earnings, discussing the challenges of traditional business models and the NFL deal. Meanwhile, Mark Mahaney, Senior Managing Director at Evercore, breaks down Uber's impressive revenue growth and market positioning in the race for autonomous vehicles. They explore how both companies are adapting to a rapidly changing landscape and what it means for their futures in a competitive marketplace.

Patrick Moorhead, the Founder and CEO of Moor Insights and Strategy, shares his expertise on AMD's recent second quarter earnings, highlighting a notable 32% revenue increase despite challenges. The discussion reveals insights into the competitive pressures from NVIDIA and the impact of U.S. export restrictions to China. They dive into the implications of legal troubles faced by Tesla regarding its robotaxi service and explore the potential succession of Jerome Powell as Federal Reserve chair, mapping out the contenders and their qualifications.

Joining the conversation is Charles Elson, Founding Director of the Weinberg Center for Corporate Governance, who brings his expertise in corporate governance and executive pay. They dissect the dramatic firing of the BLS chief following a jobs data stall, highlighting implications for market credibility. The discussion shifts to Elon Musk's controversial $29 billion pay package, scrutinizing its fairness and the board's role. Lastly, they delve into the surprising climb of American Eagle's stock, pointing out how cultural factors sway market performance.