Nvidia’s blockbuster earnings report spurred a rally in tech stocks, bolstering confidence once more in the AI trade that has powered the US bull market. Bloomberg News US Semiconductor Reporter Ian King joins to recap the numbers. Then, Bloomberg TV and Radio International Economics & Policy Correspondent Michael McKee joins live from Jackson Hole, Wyoming as markets count down to Fed Chair Kevin Warsh’s Friday remarks. Jack Manley, Global Market Strategist, JPMorgan Asset Management weighs in on today’s trade and Fed expectations. Plus, Nina Trentmann, Bloomberg News CFO Briefing Editor joins alongside Eric Aboaf, CFO of S&P Global, to discuss the firm’s recent earnings results and spin-off of Mobility Global. Finally, Matthew O’Neill, Co-Producer & Co-Director of the documentary film ‘Can’t Look Away: The Case Against Social Media,’ joins to discuss Meta’s $18 billion settlement over claims of youth addiction to social media.
Chapters
00:00:00 Bloomberg Businessweek Daily
00:02:24 Market Update: Nvidia Leads Stocks Higher
00:04:13 What Nvidia Said That Changed the Market
00:05:49 Nvidia, Hugging Face & the AI Supply Chain
00:06:39 AI Demand Beyond the Hyperscalers
00:07:27 Jackson Hole & Kevin Warsh’s Big Test
00:12:55 Warsh’s “Less Is More” Communication Strategy
00:14:26 Is the AI Trade Still Sustainable?
00:16:17 AI Productivity, Jobs & the U.S. Economy
00:18:03 What Comes After Jackson Hole?
00:20:47 S&P Global CFO on the AI Debt Boom
00:22:40 How Much Credit Risk Is Building in AI?
00:25:34 Debt Issuance, Refinancing & Ratings Growth
00:27:00 How S&P Global Is Using AI
00:32:40 Market Update: Nvidia, Two Sigma & Oil
00:34:38 Meta’s $18 Billion Social Media Settlement
00:36:05 How Meta’s Settlement Changes Its Products
00:38:47 What Parents Can Do Right Now
00:40:02 Could Meta’s Deal Reshape Social Media?
00:43:10 Jackson Hole Update: Susan Collins on Rates
00:44:25 Stock Movers: Salesforce, HP & Wendy’s
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