The Close brings you the latest news and analysis leading up to the final minutes and seconds before and after the closing bell on Wall Street. Today’s guests are Morgan Stanley Investment Management Deputy CIO, Solutions & Multi-Asset Jitania Kandhari, McKinsey & Co. Senior Partner & Global Leader, Tech & AI Kate Smaje, Teva Pharmaceuticals President & CEO Richard Francis, BetMGM CEO Adam Greenblatt, Texas Capital Bancshares CEO, Chairman, & President Rob Holmes, BlackRock US Head of Equity ETFs Jay Jacobs, The Distributed AI Research Institute Founder & Executive Director Timnit Gebru, Cloudfare CEO & Co-Founder Matthew Prince, Institute for Advanced Study, Harold F. Linder Professor Alondra Nelson, Thornburg Head of Fixed Income Christian Hoffmann, Starmoire CEO & Co-Founder Katie Palencsar & Starmoire Stylist Stacy London, & Authentic Brands CEO Matt Maddox.
Chapters:
00:00:00 Bloomberg The Close
00:02:49 Morgan Stanley on Fed Hikes, Inflation & Markets
00:06:16 AI Investing, Global Equities & Portfolio Diversification
00:09:16 Anthropic’s AI Slowdown Call & the Search for ROI
00:10:01 McKinsey on AI Productivity, Workflows & Profitability
00:15:09 Responsible AI, Software Disruption & Enterprise Adoption
00:18:13 Teva CEO on U.S. Listing & Company Transformation
00:21:02 Teva’s Drug Pipeline & Long-Term Growth Strategy
00:22:28 BetMGM CEO on the NFL Season & Sports Betting
00:26:15 BetMGM on Prediction Markets, Regulation & the Supreme Court
00:29:37 Texas Capital CEO on Moving to the Texas Stock Exchange
00:33:25 Texas Capital’s Turnaround, Growth & Expansion
00:37:04 BlackRock on AI Demand, Data Centers & Investment Opportunities
00:40:28 Market Positioning, Diversification & Higher Rates
00:50:01 Timnit Gebru on AI Safety, Security & Existential Risk
00:53:03 AI Agents, Human Oversight & Cybersecurity
00:56:21 Cloudflare CEO on AI Bots & the Cybersecurity Boom
00:59:33 AI Vulnerabilities, Cyber Defense & Internet Security
01:02:04 Alondra Nelson on AI Regulation & U.S. Technology Policy
01:05:37 U.S.-China Cooperation & Global AI Safety Standards
01:06:34 Financing the AI Boom & Anthropic’s IPO
01:09:20 Fed Policy, Kevin Warsh & the Rate Outlook
01:10:47 Stacy London on Digital Closets & Wardrobe Management
01:14:18 AI, Resale Fashion & the Value of Your Closet
01:17:54 Building a New Fashion Resale & Storage Business
01:21:16 Authentic Brands CEO on the Creator Economy
01:24:10 Stephen Bartlett Partnership & Creator-Led Brand Building
01:27:28 Authentic Brands’ IPO Plans, M&A & Global Growth
01:31:25 What to Watch
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