“Balance of Power: Late Edition” focuses on the intersection of politics and global business. On today’s show, Mark Zandi, Chief Economist at Moody’s Analytics, says Nvidia is a “juggernaut” and that AI accounts for at least a quarter of economic growth. Zandi thinks AI is already supporting the demand side of the economy and adding modestly to inflation, but clear productivity gains have not yet appeared. Governor Spencer Cox (R-UT) says Meta’s settlement amount should have been much higher, yet argues the more consequential result is the equitable relief requiring child accounts, age-gating, parental controls, algorithm changes, overnight restrictions and healthy pauses.
Chapters:
00:01:10 Bloomberg’s Ed Ludlow and Romaine Bostick on Nvidia Earnings and AI Spending
00:08:48 Mark Zandi, Chief Economist at Moody’s Analytics, on AI’s Economic Impact
00:16:49 Bloomberg’s Jeff Mason on US-Canada Trade Tensions Escalate
00:20:29 Bloomberg’s Becca Wasser on Iran, Oman and the Strait of Hormuz
00:24:43 Governor Spencer Cox (R-UT) on Meta Settlement and Child Safety
00:30:29 Gov. Spencer Cox (R-UT) on Data Centers
00:35:27 Bloomberg’s Mike McKee on Inflation and the Fed at Jackson Hole
00:41:55 Political Panel Reacts: South Carolina GOP Senate Primary, Canada Tariffs and the Midterm Elections, Data Centers Become a Campaign Issue
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