Podcasts about cpi

Inflation is back at 4.2%, the Fed is suddenly looking less “patient” and more “are we doing this again?," mortgage rates are flirting with the wrong side of uncomfortable, and the bond market is basically standing in the corner whispering, “I told you so.” In this episode, Chris, Saied and Rajeil break down the latest CPI print, why 7% mortgage rates may not be off the table, how today's inflation setup is starting to rhyme a little too hard with the 1970s, and why the market is still partying like AI, SpaceX, and IPO hype can solve every macro problem. Spoiler: they cannot. Also, somehow, we get from Fed policy to stolen oil tankers, WWE nostalgia, ear holes, and anonymous bags of dicks. Welcome back to The Higher Standard.

What did you think of todays show??Kiavi just sold for $717 million, SpaceX is about to IPO at a $1.77 trillion valuation, and the through-line is the same: the people selling deals get paid whether you win or lose. In this episode, Mike, Dan, and Dylan break down why lenders are built to be flipped, why every standard metric on the SpaceX IPO makes zero sense, how AI data centers actually help your town, and why bigger funds quietly hand you worse returns. The lesson: before you invest, follow the incentives.Topics discussed:Introduction (00:00)Kiavi sells to Figure for $717 million (04:38)Why lenders are built to be sold, not held (06:22)The fraud borrower with six loans (16:40)Why the SpaceX IPO breaks every metric (18:12)Mike bets SpaceX drops below $135 (23:16)Is Bitcoin just the next hype trade? (23:32)CPI games and the rigged inflation math (27:32)Why AI data centers are a nothing sandwich (28:50)A decade of inflation until 2030 (29:14)America: the best house in a bad neighborhood (38:07)Why bigger funds quietly punish you (42:59)Follow the incentives before you invest (45:15)Follow us on Instagram!https://www.instagram.com/collectingkeyspodcast/https://www.instagram.com/mike_invests/https://www.instagram.com/investormandan/https://www.instagram.com/dylan_does_dealsThis episode was produced by Podcast Boutique https://www.podcastboutique.com (https://podcastboutique.com/)

Last Wednesday's CPI report, while not a surprise, still showed a year-over-year inflation rate of 4.2% - higher than in any month since April, 2023. For investors, this raises a number of questions. First, is this the peak for U.S. inflation and, if it is, how fast will inflation fall from here? Second, are we looking at the right inflation rate, anyway, given differences between CPI and PCE deflators, headline and core measures and the new Fed Chairman's preference for trimmed mean and median readings?

Les journalistes et experts de RFI répondent également à vos questions sur l'entrée en Bourse de SpaceX, la suspension du procureur général de la CPI et des manifestations anti-immigration en Irlande du Nord. RDC : la voie vers une nouvelle Constitution est-elle désormais ouverte ?  En RDC, un texte central en cas de changement de la Constitution alors que le deuxième et dernier mandat du président Félix Tshisekedi expire en 2028. Que dit ce texte ? De quelle manière pourrait-il faciliter la modification de la Constitution ? Quelles sont les prochaines étapes en vue de la révision de la Constitution ?  Avec Paulina Zidi, correspondante permanente de RFI à Kinshasa.      SpaceX : pourquoi son entrée en Bourse est-elle déjà historique ?  75 milliards de dollars levés en une seule journée. Un record historique. Ce vendredi 12 juin 2026, SpaceX a signé la plus grande introduction en Bourse jamais réalisée. Le groupe d'Elon Musk, qui réunit les activités spatiales, le réseau satellitaire Starlink et ses projets dans l'intelligence artificielle, a fait une entrée fracassante à Wall Street. Mais au-delà du record financier, que change réellement l'arrivée de SpaceX en Bourse ? Avec Jeanne Bartoli, journaliste au service économie de RFI.     CPI : le procureur général sera-t-il révoqué ?  Karim Khan a été suspendu de ses fonctions de procureur de la Cour pénale internationale. Déjà mis en retrait depuis mai 2025, il fait l'objet d'accusations d'agression sexuelle formulées par un membre de son équipe, des faits qu'il conteste catégoriquement. Pourquoi cette suspension intervient-elle seulement maintenant, alors que l'affaire a éclaté fin 2024 ? Que sait-on réellement des accusations ? Avec Stéphanie Maupas, correspondante de RFI à La Haye.       Irlande du Nord : pourquoi cette flambée de violences anti-immigration ?  La semaine dernière, Belfast a été le théâtre de plusieurs nuits de violences visant des immigrés. Ces tensions ont éclaté après une attaque au couteau pour laquelle un réfugié soudanais a été inculpé. Plusieurs habitations occupées par des étrangers ont été incendiées, tandis que des familles ont été contraintes de quitter leur domicile en raison de leur origine. Comment expliquer cette vague cette violence anti-immigration ? Avec Alma-Pierre Bonnet, maître de conférences en Civilisation Britannique à l'université Lyon 3.  

欢迎收听雪球出品的财经有深度，雪球，国内领先的集投资交流交易一体的综合财富管理平台，聪明的投资者都在这里。今天分享的内容叫无风险利率下行与资本市场估值基准的系统性迁移，来自cp73。引言：保险公司折现率下调的宏观信号2025年以来，中国主要保险公司内涵价值评估使用的风险贴现率已从传统的11%普遍下调至8.5%左右。这一调整的幅度——约2.5个百分点——恰好与同期10年期国债收益率从4.5%降至1.7%的下行幅度高度吻合。这不是保险行业孤立的精算技术调整，而是整个社会平均收益率系统性下行在估值体系中的滞后反映。它预示着，资本市场正在经历一场悄无声息但影响深远的估值基准迁移。这场迁移的底层驱动力，正是无风险利率长期下行所引发的“尺缩效应”——衡量所有资产价值的那把“尺子”，正在变短。一、历史锚点：社会平均收益率的三元平衡在过去近百年间，全球主要经济体的资本市场名义回报率维持在一个相对稳定的中枢：美国标普500长期名义年化收益率约10%–10.5%，中国A股约9%–11%。这一稳定性的背后，是资本积累、人口增长和技术进步三股力量构成的动态平衡。资本积累具有边际回报递减的天然倾向：当社会中资本存量持续增长而劳动力和技术不变时，每一单位新增资本所能获得的回报将越来越低。然而，持续的人口增长提供了不断增加的劳动力，稀释了每个工人所配备的资本量；接连不断的技术革命——从蒸汽机到互联网——则不断创造全新的生产方式和巨大的投资需求。这两股力量在长达两百年的时间里，共同对冲了资本积累的边际回报递减效应，使社会平均资本回报率维持在一个相对稳定的中枢附近。这个中枢，就是自然利率的宏观表达。历史数据也验证了这一规律。美国名义GDP长期年化增速约6%–6.5%，CPI通胀率约2.8%–3.0%，股市实际年化收益率约7%–7.5%。中国的名义GDP长期年化增速约13%–14%（近十年降至约8%），CPI通胀率约2.5%–3%，A股长期实际收益率约6%–8%。这意味着，你以10%作为名义折现率的假设，恰好处于中国资本市场长期名义回报率中枢，其隐含的真实要求回报约7%–8%，与中国经济长期实际回报率基本吻合。二、天平倾斜：人口停滞与科技脉冲的双重冲击然而，维持这一平衡的支柱正在动摇。人口增长正在从源头上削弱资本回报率的支撑力。过去，持续增长的人口是吸收储蓄、提供劳动力、对冲资本过剩最稳定的力量。当前，无论是中国还是全球主要经济体，都面临人口增长停滞甚至负增长的结构性挑战。劳动力供给减少意味着工资面临上涨压力，这将直接侵蚀资本回报；人口总量停滞意味着最终消费需求的增长失去了最根本的驱动力；而在储蓄率居高不下的背景下，资本过剩的风险将显著加剧——当没有足够的劳动力和新增需求去匹配每年稳定积累的资本时，大量资本将被迫追逐少数优质项目，系统性压低整体的资本回报率。科技突破为这一困局提供了唯一的希望，但其“脉冲型”特征决定了它无法像人口增长那样提供持续稳定的支撑。在两次技术革命的高峰之间，经济可能长期处于“资本过剩、缺乏投资机会”的停滞期。历史上19世纪末的“长期萧条”便是例证。更复杂的是，以人工智能为代表的新一轮科技革命，对资本回报率的影响可能并非单向的利好。如果AI主要是“劳动节约型”的技术，它可能在没有创造足够新就业和消费需求的情况下，进一步加剧“资本过剩”的矛盾，导致资本回报率不升反降。这正是“尺缩效应”的宏观经济根源：社会平均收益率这把尺子，正在因为人口和科技这两大支柱的动摇而系统性缩短。三、尺缩效应：从保险业到全市场的估值基准迁移保险公司的精算模型是“尺缩效应”最敏感、最精确的探测器。内涵价值折现率由无风险利率加上权益风险溢价构成。2014年，10年期国债收益率约4.5%–4.6%，对应的合理无风险利率约11.5%；到2025–2026年，10年期国债收益率已降至1.6%–1.9%，合理无风险利率随之降至约8.5%–9%。无风险利率从11%降至8.5%的约2.5个百分点降幅中，绝大部分来自无风险利率的下降，而非风险溢价的压缩。这明确指向一个结论：保险公司下调折现率，并非因为自身经营出现问题，而是无风险利率系统性下行的必然反映。它是宏观经济的系统性变化，而非微观主体的个别调整。更重要的是，这一调整正在向整个资本市场扩散。无风险利率是所有资产定价的终极基准。当无风险利率从4.5%降至1.7%，所有资产类别的合理折现率都在同步下行。保险公司率先响应了这一宏观变化，其他资产类别——股票、债券、房地产、基础设施——的估值基准迟早会跟随调整。这是一场不可逆的结构性重估：流动性驱动的估值修复是短暂的，而折现率下移驱动的估值重估反映的是社会资本平均回报率的系统性下行，它将重塑所有资产类别的相对价值坐标。四、对投资者的终极启示：稳定现金流的稀缺性重估在这场估值基准的系统性迁移中，那些能提供稳定、可持续股息现金流的资产，将成为最核心的受益者。当折现率从11%降至8.5%甚至更低时，同一笔未来股息的现值将显著提升。这正是你重仓优质银行股的终极逻辑——它们提供的5%以上股息率加上每年随GDP同步增长的利润和分红，在低折现率环境中，其相对价值正在被市场重新发现。保险资金已经在用行动验证这一判断。它们正在用更低折现率的标准，大量配置高股息银行股，将其作为匹配长久期负债的核心资产。当越来越多的长期资金采用类似标准时，银行股的估值基准将发生不可逆的变化。日本作为先行案例，其正反两面都提供了启示。1990年代泡沫破裂后，日本同时陷入人口老龄化、技术停滞和资产负债表衰退，自然利率趋近于零。日本央行虽在全球最早实施零利率和量化宽松，但货币政策的极限在此暴露无遗：当自然利率降为零甚至为负时，再宽松的货币政策也无法刺激经济。这是对“尺缩效应”最极端的验证。而中国能够避免日本命运的唯一路径，在于通过科技创新和产业财政转型，维持劳动生产率的持续提升，守住社会平均收益率中枢。结语尺子在缩短，价值在重构。这不是某个行业的个别现象，不是流动性驱动的短暂波动，而是全球无风险利率长期下行引发的系统性重估。它正在从保险业扩散到整个资本市场，最终将重塑所有资产的相对价值坐标。那些拥有稳定现金流、可持续高股息、极低信用风险的资产，正在这个不可逆的历史进程中被重新定价。

There may simply be no avoiding a spike in inflation. Latest data from Infometrics and Foodstuffs shows grocery supplier cost inflation is rising again - reaching 2.2% in the year to May. Many economists now expect CPI inflation to surpass four-percent in the year to June. Infometrics Principal Economist Brad Olsen told Mike Hosking that a US-Iran peace deal probably won't change much in the short term. He says businesses are waiting to see ships carrying oil moving again through the Strait of Hormuz. LISTEN ABOVESee omnystudio.com/listener for privacy information.

Musk is worth $1 trillion with zero income. We're spending $1.6 trillion on interest. CPI is on pace for 6.2%. This is the peak of the bubble.This episode is sponsored by Greenlight Metals. Research investing in Greenlight Metals copper and gold mine: https://resourcestockdigest.com/report/copper-gold-in-the-american-heartland/This episode is also sponsored by NetSuite. Download NetSuite's free business guide, Demystifying AI, at https://netsuite.com/goldSpaceX debuted as the biggest IPO in history, raising $75 billion at a $1.8 trillion valuation before closing above $2 trillion — making Elon Musk the first person worth $1 trillion. Peter Schiff puts this in perspective: JD Rockefeller, the previous richest American ever adjusted for inflation, earned the equivalent of $2 billion per year in actual income from Standard Oil. Musk has essentially zero income — SpaceX loses money and trades at 100x revenue — making his trillion-dollar net worth entirely a function of bubble valuations driven by decades of monetary excess.Meanwhile, the May federal deficit exploded 32% year-over-year to $293 billion, with interest expense surging 44% to $133 billion in a single month — $1.6 trillion annualized, consuming 30% of all tax revenue. That's the entire federal budget from 1997 spent on interest alone. CPI rose 0.5% in May, putting 2026 on pace for 6.2% annual inflation — the highest since 2022 and potentially headed for 1981 levels. PPI came in at 1.1% for the second straight month, annualizing to 14%. Gold successfully retested its March low at $4,040 before recovering to $4,218, with mining stocks posting a positive divergence despite metal weakness. The Strategy death spiral deepened as Saylor diluted common shareholders to buy Bitcoin, destroying the "Bitcoin yield" narrative he built the company on.Chapters:00:00 Cold Open and Intro01:23 SpaceX IPO Mania03:18 Musk vs Rockefeller Wealth06:31 Bubble Valuations Explained09:59 Markets Week and Metals Drop11:47 Gold Retest and War Narrative17:20 Deficits and Interest Time Bomb26:30 Inflation Data and Fed Boxed In37:43 Other Markets Crypto and Wrap UpFollow @peterschiffX: https://twitter.com/peterschiffInstagram: https://instagram.com/peterschiffTikTok: https://tiktok.com/@peterschiffofficialFacebook: https://facebook.com/peterschiffFree Reports & Market Updates: https://www.europac.comBook Store: https://schiffradio.com/booksSign up for Peter's most valuable insights at https://schiffsovereign.comSchiff Gold News: https://www.schiffgold.com/news#PeterSchiffShow #SpaceXIPO #InflationOur Sponsors:* Check out Chilipad and use my code sleep.me/GOLD for a great deal: https://sleep.me* Check out DBJourney and use my code Schiff15 for a great deal: https://dbjourney.com* Check out Fast Growing Trees and use my code GOLD for a great deal: https://www.fast-growing-trees.com* Check out Plaud AI and use my code GOLD for a great deal: https://plaud.ai* Check out Quince and use my code quince.com/gold for a great deal: https://www.quince.com* Check out TruDiagnostic and use my code GOLD20 for a great deal: https://www.trudiagnostic.comPrivacy & Opt-Out: https://redcircle.com/privacy

(0:00) Besties are back! (0:19) Anthropic gets massive backlash over secret Fable nerfing and privacy concerns (29:16) The AI regulatory capture trap, pragmatic safety solutions (37:59) Nationalizing AI: Trump/Sanders, justifications, and AI's "Capitalist Cucks" (59:22) Liquidity recap: Best moments and takeaways (1:05:39) Inflation heats up: CPI and PPI see 3+ year highs (1:12:27) California's loose election laws creating integrity doubts Apply for Summit 2026: https://allin.com/events Follow the besties: https://x.com/chamath https://x.com/Jason https://x.com/DavidSacks https://x.com/friedberg Follow on X: https://x.com/theallinpod Follow on Instagram: https://www.instagram.com/theallinpod Follow on TikTok: https://www.tiktok.com/@theallinpod Follow on LinkedIn: https://www.linkedin.com/company/allinpod Intro Music Credit: https://rb.gy/tppkzl https://x.com/yung_spielburg Intro Video Credit: https://x.com/TheZachEffect Referenced in the show: https://www.anthropic.com/news/claude-fable-5-mythos-5 https://x.com/Scobleizer/status/2064641097310335294 https://x.com/GergelyOrosz/status/2064618497150210391 https://x.com/cremieuxrecueil/status/2064433331970720187 https://x.com/Yuchenj_UW/status/2064524668208545955 https://stratechery.com https://x.com/peter_szilagyi/status/2064620043896291671 https://darioamodei.com/post/policy-on-the-ai-exponential https://screendna.org https://x.com/DavidSacks/status/2065120386660880765 https://www.nytimes.com/2026/06/01/opinion/artificial-intelligence-bernie-sanders.html https://polymarket.com/event/ipos-before-2027 https://polymarket.com/event/how-high-will-inflation-get-in-2026 https://polymarket.com/event/fed-rate-hike-in-2026 https://x.com/robbystarbuck/status/2063602942637158423 https://www.justice.gov/opa/pr/california-man-pleads-guilty-orchestrating-270m-medication-reimbursement-fraud-scheme https://www.dol.gov/newsroom/releases/osec/osec20260218 https://www.secretservice.gov/newsroom/behind-the-shades/2025/05/secret-service-cracks-down-ebt-fraud-southern-california-sweep https://www.justice.gov/usao-cdca/pr/8-arrested-health-care-fraud-takedown-including-owners-hospices-billed-taxpayers https://www.foxnews.com/us/california-man-arrested-allegedly-stealing-millions-homeless-funds https://x.com/californiapost/status/2064362900098048386

Inflation reached its highest level in three years while the labor market remained surprisingly strong. Kathy Fettke breaks down the latest CPI and jobs data, what it could mean for Federal Reserve rate cuts, and why mortgage rates may stay elevated for real estate investors.   Source: https://finance.yahoo.com/economy/article/annual-cpi-inflation-surges-to-42-in-may-the-highest-level-since-2023-as-energy-prices-rise-182143107.html 

The Inside Economics team welcomes Jim Lebenthal, Chief Market Strategist at Cerity Partners, to discuss all things investing on the morning of the SpaceX IPO. Jim discusses the equity market's extraordinary run, whether AI stocks are overvalued, and how investors should think about picking individual stocks versus investing in index funds. The team also welcomes Matt Colyar to talk about this week's inflation data, and Marisa addresses a slew of comments from last week's podcast.  Guest: Jim Lebenthal, Chief Market Strategist at Cerity Partners For more from Jim Lebenthal, visit his website: www.jimmylebenthal.com Jim's book, How to Ride the Subway: Getting Around on Wall Street and in Life (Regalo Press March 2026), is available here Jenna Score: 8.5 Hosts: Mark Zandi – Chief Economist, Moody's Analytics, Cris deRitis – Deputy Chief Economist, Moody's Analytics, and Marisa DiNatale – Senior Director - Head of Global Forecasting, Moody's Analytics Follow Mark Zandi on 'X' and BlueSky @MarkZandi, Cris deRitis on LinkedIn, and Marisa DiNatale on LinkedIn   Questions or Comments, please email us at InsideEconomics@moodys.com. We would love to hear from you. To stay informed and follow the insights of Moody's Analytics economists, visit Economic View. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Brady and John open with sports talk, covering the Knicks' dramatic OG Anunoby tip-in and the World Cup kicking off in North America Bitcoin is back near $63K, prompting a discussion of whether current drawdown conditions resemble past cycle bottoms John reviews Alex Thorn's Galaxy analysis showing that only 4 of 13 classic Bitcoin bottom signals have triggered, while the prior October 2025 top also showed only 2 of 11 classic top signals The hosts argue Bitcoin's cycles may be changing as the asset matures, with ETFs, institutional capital, and deeper liquidity potentially compressing both tops and bottoms They revisit supply-in-profit metrics, noting that the percentage of Bitcoin supply in profit has fallen to levels similar to prior cycle bottoms Brady and John emphasize long-term conviction, recurring buys, and education as the antidote to emotional reactions during sharp Bitcoin drawdowns The episode explores whether MicroStrategy's large Bitcoin holdings are a threat, with both hosts arguing that permissionless accumulation is part of Bitcoin's design, not a weakness They discuss OG coin distribution, institutional absorption, miner selling, and AI-driven market distraction as possible contributors to Bitcoin's recent 50% decline Macro coverage includes a hot CPI print, persistent inflation above target, Kevin Warsh's Fed dilemma, and why rate cuts may still arrive despite elevated inflation Brady introduces Swan's new Real Bitcoin Exchange, a first-to-market product designed to help ETF holders move from Bitcoin price exposure into real Bitcoin ownership ► For high-net-worth individuals and corporations seeking to build generational wealth with Bitcoin, Swan Private is your guide ✔ https://www.swanbitcoin.com/private?utm_campaign=private&utm_medium=sponsorship&utm_source=podcast&utm_content=swan_signal_live ► Secure your bright orange future with the Swan IRA today! Real Bitcoin, no taxes ✔ https://www.swanbitcoin.com/ira?utm_campaign=ira&utm_medium=sponsorship&utm_source=podcast&utm_content=swan_signal_live ► Secure your Bitcoin with Swan Vault ✔ https://www.swanbitcoin.com/vault?utm_campaign=vault&utm_medium=sponsorship&utm_source=podcast&utm_content=swan_signal_live ► Download the all-new Swan Bitcoin App ✔ https://www.swanbitcoin.com/app?utm_campaign=app&utm_medium=sponsorship&utm_source=podcast&utm_content=swan_signal_live ► Want to learn more about Bitcoin? Check out Welcome To Bitcoin a FREE Introductory course. Learn about Bitcoin in under 1 hour! ✔ https://www.swanbitcoin.com/welcome?utm_campaign=welcome_to_bitcoin&utm_medium=sponsorship&utm_source=podcast&utm_content=swan_signal_live ► Connect with Swan Bitcoin: ✔ Twitter: https://twitter.com/Swan ✔ Instagram: https://instagram.com/SwanBitcoin ✔ LinkedIn: https://linkedin.com/company/swanbitcoin ✔ Threads: https://www.threads.com/@swanbitcoin ✔ Facebook: https://www.facebook.com/SwanBitcoin/ ✔ TikTok: https://www.tiktok.com/@realswanbitcoin

Matt and Doug discuss SpaceX's IPO jumping from 135 to about 171 a share and compare the frenzy to the dotcom era, noting its importance for broader market sentiment and Elon Musk's reported trillionaire status. They mention reading Peter Thiel's Zero to One, then pivot to extreme bearish sentiment in gold miners (a bullish index falling from 100 in January to 0 on June 10) and argue this may be a buying opportunity, alongside unloved oil despite ongoing Strait of Hormuz disruptions and prices around $80 WTI/$84 Brent. They cover rising inflation (CPI 4.2%), skepticism about official numbers, and expectations for new Fed chair Kevin Warsh. Subscriber questions include Costa Rica as a destination, tokenized gold's practicality and redeemability, whether to short markets, Ebola risk to Ivanhoe Mines, China's reduced oil imports, distrust of Howard Lutnick/Trump-linked trading dynamics, and whether humanoid robotics could extend the AI bull run.   00:00 SpaceX IPO Buzz 01:46 Thiel Book Talk 04:29 Trillion Dollar Math 06:24 Gold Miners Capitulation 09:26 Inflation Fed Outlook 12:47 Paper Fantasy Economy 16:07 Costa Rica Expat Reality 18:38 Central America Picks 20:17 Tokenized Gold Idea 21:07 Tokenized Gold Doubts 21:39 Swiss Gold Token Update 23:43 Shorting Market Timing 25:33 Ivanhoe Ebola Risk 28:36 Oil Prices and China 34:56 Stablecoins and Power Players 37:51 Epstein Files Speculation 39:04 Robots and AI Bubble 41:18 Trump Tweets and Markets 44:13 Weekend Sign Off

In this episode, Collin Martin and Liz Ann Sonders focus on the outlook for equities, fixed income, and the overall U.S. economy in the second half of 2026. They begin by discussing recent inflation data, noting that while CPI remains elevated, core inflation came in slightly better than expected. Both agree inflation is not quickly returning to the Fed's target, but easing expectations and stable inflation expectations suggest the Federal Reserve can remain patient for now. The key risk is whether higher prices, especially at the pump, begin to erode consumer spending, as real wages have turned negative year over year. From a policy perspective, Collin expects the Fed to stay on hold through year-end, despite the fed funds futures market pricingin a potential hike. He emphasizes that short-term yields should remain steady, while longer-term Treasury yields may stay elevated due to persistent inflation, heavy Treasury issuance, and global rate pressures. In this environment, he suggests favoring short-to-intermediate bond durations and selectively considering credit risk via investment-grade corporates, high yields, and preferred securities. Liz Ann focuses on the outlook for equity investors, highlighting a shift back to a negative correlation between bond yields and stocks—more characteristic of inflation-driven regimes. Her midyear forecast points to a solid economic backdrop, led by resilient GDP growth, strong capital spending tied to AI, and a healthy labor market, though some early warning signals are emerging in survey-based employment data. The episode closes with a cautious but constructive outlook: no immediate recession signals, but investors should consider prioritizing diversification, risk management, and periodically rebalancing as markets navigate inflation, policy uncertainty, and evolving leadership trends. On Investing is an original podcast from Charles Schwab. For more on the show, visit schwab.com/OnInvesting.  If you enjoy the show, please leave a rating or review on Apple Podcasts. Important Disclosures This material is intended for general informational and educational purposes only. This should not be considered an individualized recommendation or personalized investment advice. The securities, investment products and investment strategies mentioned are not suitable for everyone. Each investor needs to review an investment strategy for his or her own particular situation before making any investment decisions. All expressions of opinion are subject to change without notice in reaction to shifting market, economic or political conditions. Data contained herein from third party providers is obtained from what are considered reliable sources. However, its accuracy, completeness or reliability cannot be guaranteed. Past performance is no guarantee of future results. Investing involves risk, including loss of principal. Performance may be affected by risks associated with non-diversification, including investments in specific countries or sectors. Additional risks may also include, but are not limited to, investments in foreign securities, especially emerging markets, real estate investment trusts (REITs), fixed income, municipal securities including state specific municipal securities, small capitalization securities and commodities. Each individual investor should consider these risks carefully before investing in a particular security or strategy. Fixed income securities are subject to increased loss of principal during periods of rising interest rates. Fixed income investments are subject to various other risks including changes in credit quality, market valuations, liquidity, prepayments, early redemption, corporate events, tax ramifications, and other factors. Lower rated securities are subject to greater credit risk, default risk, and liquidity risk. Treasury Inflation Protected Securities (TIPS) are inflation-linked securities issued by the US Government whose principal value is adjusted periodically in accordance with the rise and fall in the inflation rate. Thus, the dividend amount payable is also impacted by variations in the inflation rate, as it is based upon the principal value of the bond. It may fluctuate up or down. Repayment at maturity is guaranteed by the US Government and may be adjusted for inflation to become the greater of the original face amount at issuance or that face amount plus an adjustment for inflation. Treasury Inflation-Protected Securities are guaranteed by the US Government, but inflation-protected bond funds do not provide such a guarantee. Preferred securities are a type of hybrid investment that share characteristics of both stock and bonds. They are often callable, meaning the issuing company may redeem the security at a certain price after a certain date. Such call features, and the timing of a call, may affect the security's yield. Preferred securities generally have lower credit ratings and a lower claim to assets than the issuer's individual bonds. Like bonds, prices of preferred securities tend to move inversely with interest rates, so their prices may fall during periods of rising interest rates. Investment value will fluctuate, and preferred securities, when sold before maturity, may be worth more or less than original cost. Preferred securities are subject to various other risks including changes in interest rates and credit quality, default risks, market valuations, liquidity, prepayments, early redemption, deferral risk, corporate events, tax ramifications, and other factors. High-yield securities and unrated securities of similar credit quality (junk bonds) are subject to greater levels of credit and liquidity risks and may be more volatile than higher-rated securities. High-yield securities are considered predominately speculative with respect to the issuer's continuing ability to make principal and interest payments. All names and market data shown are for illustrative purposes only and are not a recommendation, offer to sell, or a solicitation of an offer to buy any security. Forecasts contained herein are for illustrative purposes only, may be based upon proprietary research and are developed through analysis of historical public data. The policy analysis provided by Charles Schwab & Co., Inc., does not constitute and should not be interpreted as an endorsement of any political party. Indexes are unmanaged, do not incur management fees, costs, and expenses and cannot be invested in directly. For more information on indexes, please see schwab.com/indexdefinitions Negative correlation refers to investments that tend to move in opposite directions: when one rises, the other falls. A hyperscaler is a large-scale cloud service provider that offers vast computing, storage, and networking resources through a distributed infrastructure of interconnected servers and software. (0626-WG7N)   Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

NYU IHIF 2026 was full of insights and thought leadership from some of the best and brightest hospitality professionals in the industry.  In this episode of the Suite Spot, you will get to hear from some of the most influential and biggest names in hospitality in the exclusive interviews we were able to cover at the event.  NYU IHIF is the epicentre of hospitality brands, capital, and fast-paced dealmaking – opportunity moves fast, and so should you. This is where the rebound takes shape, where leaders uncover what's next, and where relationships turn into real transactions. Ryan Embree: Welcome to Suite Spot, where hoteliers check in, and we check out what’s trending in hotel marketing. I’m your host, Ryan Embree. Hello everyone. Welcome to another episode of the Suite Spot. This is your host, Ryan Embree and VP of Marketing here at Travel Media Group. Cassady Quintana: And I’m Cassady Quintana, Brand Ambassador here at TMG. Ryan Embree: And today we are fresh back from NYU IHIF 2026. My second time in attending this incredible event. Cassady, your first, what were your thoughts? Cassady Quintana: Yeah, I thought overall was a great event. A lot of optimism, especially as we’re heading into the summer season. So I thought, you know, the conversations that we heard on the panels and the ones that we were having with people were awesome, and a lot of you know, good things coming out of that. I feel like the biggest topics that I heard, there were three major takeaways I took from a lot of the panels and people we were talking to, but one being that K-shape economy that we’ve heard a lot about, right? We know that luxury is still outperforming while economy segments are feeling a little bit more of that pressure especially as we head into this summer season and looking at some of those trends. And then I think one of the biggest topics we have been talking about since the beginning of this year is the World Cup and how international travel we thought was gonna be booming. We were expecting a lot of busy hotels, but it’s kind of been on the softer side, and we’ve actually seen international travel dip a bit. So I think right now we’re kind of in that wait and see period of maybe you know people are waiting to see if their teams make it out of the group stages and then they’ll plan on booking a hotel. So keeping an eye on kind of that last minute travel. But the biggest topic that we were talking about a little bit last year, but the biggest one this year is AI and how hotels are using that within their systems. You know, there’s a lot of trends around using that for more personalization and being able to use it to look at your, you know, revenue optimization and how you’re performing online. So finding ways that we can use AI that doesn’t take the hospitality out of hospitality and doesn’t replace that human element. But that kind of went with that overarching theme of the entire event, which was sharpening the edge. So the thing I took from that is that the hotels that are really gonna win are the ones that are understanding their guests and using AI to further that, to further get to know their guests, to make that experience a little bit better. Ryan Embree: You know, and we had some incredible conversations and interviews with some professionals that we’re gonna share here in a second. But just to kind of jump on what Cassidy’s saying, we’re at a really cool inflection point in our industry right now as we go gear towards the busy travel season. So it’ll be interesting to see, you know, we had the opportunity to meet with development person from Minor hotels who’s looking to bring their brand into US and Canada, which will be very interesting. We know how they have a huge global footprint, a lot of interest early on in getting into the Americas. Uh, we then visited with AHLA and Kevin Carey and his team doing such wonderful work over there advocacy for our industry and some really cool initiatives that we were able to sit down with Kevin for a few minutes and chat about, uh, Jan Freitag from STR our hotel Data North Star and compass. They just released a revised forecast for the hospitality industry. So we went over some major points of that revised forecast and finally we got the opportunity to sit down with president and CEO Best Western Larry Cuculic. What a wonderful conversation about the best Western brand and how they are implementing, um, some of that AI and technology into their brand, and capitalizing on not only the World Cup, but also America 250. So wonderful insights that you’re only gonna find here on the sweet spot. Thank you for joining us. We hope you enjoy these exclusive interviews from NYU IHIF 2026. Hello everyone. Welcome to another episode of The Sweet Spot. We are live on location at NYU IHIF 2026 here with Genna, the VP of US and Canada Development for Minor Hotels. Genna, thank you so much for taking the time to stop and the busy big apple and talk with us today. Genna Panagopoulos: Thanks for having me. Ryan Embree: Excited about, this show. A lot of energy, a lot of buzz. You know, when you come to an NYU talking to ownerships, a lot of capital here, what are the conversation kind of stem around, and what does a successful NYU show look like as you head back to your home base? Sure. Genna Panagopoulos: Successful NYU would really be finding some deals, perpetuating some deals. So hopefully advancing some opportunities and it’s really all about for right now because we’re relatively new into the region. Educating our owners and the, the broader development community. So, you know, some of, some of the players do already know us, but in the luxury space, but there’s a lot of people we gotta get out in front of and introduce Minor hotels to. Ryan Embree: And this is a great place and, obviously a great city to do that in. What has been kind of the feedback? I mean, you’ve been tasked with this enormous job. We have such a great brand, worldwide, you’re bringing it here to us, Canada, and North America. What have been some of those initial conversations and hearing that and initial interest and feedback from owners? Genna Panagopoulos: Yeah, we’ve had a lot of feedback and interest on Anantara. So some of our, you know, established luxury brands that are pretty well known when you know the luxury hotel space in a global environment. Sure. So those owners have actually come to us saying, we’re really excited about the opportunities here. So that’s one piece. Of course we have NH Hotels, NH collection, and NH, which are very well known brands, especially in Mediterranean, Europe. Yeah. And, Central and South America. So there’s excitement around that too. Ryan Embree: Does it help, I mean, having such an international brand, we got the World Cup here, right? In a couple months. You kind of using that as maybe some momentum as you kind of come into, and introduce this brand into the Americas. Genna Panagopoulos: Absolutely. There’s a lot of, you know, I’m also educating Minor of the markets we wanna be in and so that’s definitely helping as well and putting some places on the map. Ryan Embree: And let’s talk about that because there’s been some announced projects already right here actually in New York. Talk about that project a little bit. Genna Panagopoulos: Yes. Thanks for asking too. We have a Worsely Hotel that’s opening, here next year. It’s gonna be super exciting because Worsely is a restaurant brand that we are taking into the hotel space. So it’s the first of its kind and nowhere better than to start in New York comes from London. So there’s a lot of correlation between the two markets. Ryan Embree: One of a kind hospitality venue and a one of a kind city, so. Exactly. But another project we’re really excited about just ’cause we’re home based, obviously in Orlando right down the road, a bright line away in Miami. Talk to us a little bit about that project and how that’s different. Yeah, Genna Panagopoulos: It’s a high rise building built in Miami. Hasn’t started construction yet, but it’ll open in 2030. It’ll be an Anantara hotel with branded residences, both private branded residences and, um, ones that will be able to be rented to hotel guests as well. Super wellness oriented. There’s gonna be a really extensive spa. Right. Very experiential. Wonderful for the residents that are gonna be buying, the residence. Ryan Embree: It’s incredible. It sounds like you guys are really taking care of all of the kind of popular travel trends right now. Right. FMB has really had this resurgence in hospitality with the project here. Wellness, obviously a huge piece of what hospitality is leaning into and what travelers are looking forward to. So having that flexibility between the brands too, I’m sure is a definitely a fun place to be when having these conversations with owners. But you talked about another project in Turks and Caicos. Genna Panagopoulos: Turks and Caicos. So we have an Anantara in Turks and Caicos that I believe will open in 2029. So in order we’ll have one in New York next year, and then 29 on Ontario trips and Caicos 2030, Miami. Ryan Embree: So no shortage of news on the Minor Hotel side. Congratulations to you and your team. Thank you. As you wrap up, I mean, what’s your vision? What’s your goal? As you bring Minor Hotels into the North American region? Genna Panagopoulos: Yeah. Well, if I think about next year at NYU, I hope people, more people are coming towards us. Excited about us being a different brand a different mindset. So we offer, we think of ourselves a little bit differently from the parent brands that are already established here because we have, you know, ownership still of most of our portfolio or we lease most of our portfolio. Um, so I hope there’s more inbound traffic coming towards my way. I hope people generally just walking down the street know us a little bit more. Certainly. You know, white Lotus helped us with Anantara, so there’s a lot of people who Oh, yes, are are diehard Anantara fans because of that. But that’s what I’m hoping for. And eventually we’d love to have an office here. So as long as we do our, our, our work, right, we, we get a strong pipeline, we’ll be able to have an office, a regional office in, in North America. Ryan Embree: Incredible. Well, super exciting. Can’t wait to catch up on all the exciting projects that you have at Minor Hotels. This is the first of a couple collaborations we’ll be doing with Minor hotels, so make sure you stay tuned. Congratulations again, Genna. And thank you for taking the time to speak with us today. Genna Panagopoulos: Thanks for having me. Ryan Embree: Hello everyone. Welcome to another episode of The Suite Spot. We are live on location, New York City at NYU IHIF. I’m here with Kevin Carey, President and CEO of the AHLA Foundation and COO of AHLA. Kevin, not your first time on the Suite Spot. Appreciate you taking some time and joining me here today. Kevin Carey: It’s lways a pleasure to spend time with you. Ryan Embree: Yeah, it’s fun.Incredible event so far. NYU obviously AHLA, AHLA Foundation Forward has a huge presence here. What does, you know, when you come to the event like this, we always talk in hospitality, these events are always going to exist no matter what. Technology comes down the pike because hospitality, we’re people, right. We like connecting. What is a successful NYU IHIF look like for you and your team? Kevin Carey: Well, It’s always an important period of time in the year at, as we approach midyear to check in with our members, to have that conversation about the advocacy issues we’re leading on behalf of the industry to hear how the business performance is tracking as well. And just to build enthusiasm and engagement for the events and the initiatives that we’re leading, not only in the association, but with the foundation as well. Ryan Embree: And none more important than the No Room for Trafficking initiative that you and your team have done some fabulous work on. I mean, we have all sorts of brands up on stage, sometimes with differing opinions here and there, but one cause that everyone in our industry has really gotten behind, and it’s the work of you and your team, is this No Room for Rrafficking? We always like to spread awareness of this. Talk to us a little about, about on that front and the progress you’re seeing and making. Kevin Carey: Well, this is a longstanding commitment that the industry has to human trafficking prevention and awareness. It started in 2019 with the development of the No Room For Trafficking Initiative and its focus on training and expanded in 2022 to include the Survivor Fund. So this is an area where AHLA and the foundation specifically serves as a convening entity to bring the industry together to rally around this important issue to work, to build awareness that’ll drive prevention of human trafficking, and also to gather funds to help support survivors. So this is a commitment not only on a longstanding basis, but also on a going forward basis as well. Ryan Embree: And such inspiring stories that you’ve told over the years. And people, you know, hoteliers and other people listening to this can really get behind and encourage people to kinda look at that initiative. Another kind of initiative that you’ve done in these events that, when we’re talking about these events is forward. We had a record breaking attendance a couple months ago in the spring. Talk to us about how that is. And you actually have some of those the forward initiatives here at NYU. Kevin Carey: We do within the foundation, our mission is to advance the workforce of the industry. And we do that through a focus not only on the current workforce, those over 2 million associates and colleagues who deliver hospitality day to day, but also how do we attract the future workforce to the industry. I talked about being a convening entity. The foundation brings together the industry across all segments. And there’s two areas where we believe we can make a difference. One is around human trafficking that we just spoke about, but also around the forward initiative which is geared towards, and its purposes to advance women in the hospitality industry and in leadership roles in the hospitality industry. So we were delighted to host our most recent forward conference in Atlanta, back in April. And the results were outstanding but really the momentum and the impact that that forward is having is really, which has us so enthusiastic and committed to this initiative moving forward. Ryan Embree: Yeah, that’s gotta be so cool to see industry leaders in hospitality raise their hands and want to be a part of this movement and really see the results from that. Kevin Carey: Well, it’s grown from just being a conference, that started in 2018 and had about 150 people at the first event to now over 1100 attendees. But as it as it has expanded from a conference to a leadership development curriculum. And you mentioned the forward exchange, which took place, here in New York earlier today, where it brought together over a hundred early and mid stage career and professionals of women and some men who are participating along with their peers to focus on networking and building those relationships so they can be well suited and take on roles, over time in the industry. Ryan Embree: Really cool to see. And again, probably some incredible stories coming from that over the years as the as the initiative matures. One thing that, that hospitality in general, really looking forward to, we got big summer, right? We’re usually really excited about summer is just ’cause of the travel season, kids being outta school. But this summer in particular, we’ve been looking forward to for a couple years. We got World Cup on the horizon, finally. We played just a couple miles from here and in America 250. What are you kind of hearing from hoteliers and how are AHLA really, gearing up for these big events, showcasing our industry? Kevin Carey: Well, these are really defining opportunities, for the industry to support those guests to welcome that demand, to drive the hospitality infrastructure over time. So there’s a lot of enthusiasm around the potential that that represents and as we’ve seen on stage already today the results in the first part of the year for the industry have been positive. a number of the outlooks are increasing the Revpar and ADR and other industry metrics, here with the these large events we are still waiting to see some of the demand materialize and we’re in a critical period of time right now, about 10 days out before the games to see that hopefully what’ll be a late surge in bookings, then translate into further business success for the industry. Ryan Embree: Yeah. Hopefully, and hopefully see that international travel continue to come back to North America, you know, a lot of hoteliers, hoping for that. Zooming in a little bit on a AHLA summertime, also time for interns, right. Come in and we’ve talked about this before. I mean, internships, mentorship in hospitality. So critical. I mean, throughout the years we’ve had these staffing shortages and we’ve talked about getting creative, our industry, getting creative on ways to fill those roles, internships being one of them. Talk about a little bit about the AHLA internship program and what these interns are are ready for this summer. Kevin Carey: Well, it’s not new. We’ve had a well established program from a number of years now. And, and we’re excited annually to bring a number of interns into our team across each function. we’ll have an interns in the government affairs team, in marketing, in the foundation. it’s so refreshing to engage them in our work to see their enthusiasm about their future to see them pick up valuable skills and experience of being in an office environment, learning more. And you know what? They, they have a real impact. They have some fun along the way as well and we have a wonderful session at the end where they get to present the results of some of the work in the initiatives that they’ve been working on. So it’s an annual opportunity that we look very forward to. And they’ll be starting just in about a week’s time. so it’ll be a great another repeatevent for us. Ryan Embree: Yeah. Love to see it. You know, again, any way that we can have more exposure to all sides of hospitality. Beause as we know, it’s not just, you know, the front desk. There’s so many elements to it and there’s none more demonstrated by how big our hospitality industry is than by the hospitality show that you put on. And this year is gonna be right in our backyard. In Miami, Florida. Get us a little bit excited about what we can expect at this year’s fourth annual. This is our fourth Hospitality Show, correct? Kevin Carey: So we started in Vegas, went to San Antonio, we’re in Denver last year. A lot of enthusiasm coming out of Denver for the content. And then what’s unique about the hospitality show is it’s really the only conference in the industry with a focus on operations and how operations is driving profitability. So there’s a terrific enthusiasm and people are looking forward to being in Miami, coming together in Q4, all segments of the industry represented. So we’ll have the brands we’ll have management companies, owners, service providers, suppliers, independent hotels also play an important role in the industry. So we’re about to open registration and that’ll really kickstart, the focus on November 2-4 in Miami. Ryan Embree: Well we’re looking forward to it. We’re hoping to go 4/4 on covering the hospitality show. Especially with it being right there in our backyard. Kevin, we know you’re busy. Thank you so much for taking the time to speak with us today on some of these important initiatives. And hopefully we’ll see you in Miami in just a few months. Kevin Carey: Hopefully I have something else on. Ryan Embree: Alright. Appreciate it. Thanks. Kevin Carey: Thank you so much. Ryan Embree: Hello everyone. Ryan Embree. here live at NYU IHIF 2026 here with Jan the National Director of Hospitality Analytics at CoStar. Jan, you were just on a panel. Thanks for taking the time to jump off and speak with us. Jan Freitag: Absolutely. Ryan Embree: State of the state, love the name obviously you’re the north star of hospitality data out there. Jan, revised forecasts just came out. Talk to us a little bit about those points that you were sharing with the audience today. Jan Freitag: So we’re suggesting that RevPAR this year is gonna grow 2.8%, which is very different from the way we looked at the world at the ALIS Hotel Investment Conference. First quarter performance was much more stronger than we had expected than the public traded companies had expected the brands or the …. And a lot of them have revised their year end forecast up. So, you know, we followed suit. Now they, most of them just revised their forecast by the outperformance of Q1. But we’re suggesting No, no, there’s momentum. So we actually took our forecast up by a lot more to 2.8%, 2% driven by ADR and 0.8 by occupancy, which is really good to see. ’cause it implies that demand is outpacing supply. You know, so we get occupancy gains and then some pricing power. Ryan Embree: Love to see that. I mean we were here a year ago with Amanda who is talking about trying to decipher through the noise, a lot of noise right now. But great to see the momentum with those revisions and so important to have those revisions because the landscape can change ever so rapidly as you know. But talking about the supply, talk to us a little bit, go into a little bit more in depth and then obviously every market is different. What markets right now are running a little bit hot on supply? Jan Freitag: Yeah, so fational forecast for Supply goes to 0.4%, not a whole lot. Right. The long run average is 1.6, so we’re well below that. The number of rooms in construction used to be between, we know, 150,000 – 160,000. It’s now 140,000. So it’s sort of staying there. It’s just so expensive to get anything done. And interest rates are still high and could go higher. Who knows, we’re not making interest rate forecast. But you know, there’s definitely no longer this idea of how we should cut, you know, interest rates twice this year or so. I think those days are gone, you know, and so now the question is, okay, so where are people getting things done? And you can look at it by markets. So a couple of them are usual suspects. So Nashville, very strong, Dallas, Houston, Denver, Phoenix. So those are markets sort of in the smile states, sort of in the Sunbelt that still get a lot of people moving there. And you know, migration determines the economic performance. And so we’re seeing a lot more room supply growth there, but there’re just a lot of markets where it’s very, very hard to get anything done because of that higher cost of construction and of the higher interest rate. So I would single out those markets, but overall the picture is rather muted. On the supply side. So what that means then, for existing owners is the time to renovate is right now percent. Because you want to be the new kid on the block with the new hotel, there’s not a lot of new competition coming. This is time to renovate and really put your best foot forward. Ryan Embree: A hundred percent. And you know, one of the other topics we talked about, or you talked about rather on stage was segments right now luxury, doing very, very well leading the way. Obviously a lot of bifurcation, that K-shaped economy. What are you seeing across the segments right now? Jan Freitag: Yeah, I mean there are no wrong answers in luxury, right? I mean, luxury last year was the winner. This year is the winner. We’re projecting, very healthy RevPAR growth double of what we’re saying for the nation. We think the luxury class can materialize. And then what’s really nice to see is that for upscale upper midscale midscale, there’s also RevPAR growth there, which we hadn’t seen last year. And to me that speaks to the strength really of the American economy. But it sort of permeates toward all income classes. Now the exception is was and unfortunately will be likely the economy sector now even there we’re suggesting RevPAR’s growing, but it’s just, you know, 0.8% call that flat for all intent and purposes. Ryan Embree: International travel too, obviously World Cup on the heels of this. What are you see any interesting data points there you wanna share just right ahead of the America 250 and World Cup? Jan Freitag: There are two very different vibes coming from the panel that I was on. Adam Sacks prior to US presenting was talking about, oh wow, international inbound is really still quite a bit lower than it was in 2019. But the gentleman from the NTTO, the National Travel Tourism Organization was like, no, we’re projecting rock and roll, really strong growth of international inbound. The truth is probably gonna somewhere in the tween this year. World Cup is gonna drive a lot of international travelers. What I’m wondering about though is are some of those travelers basically stealing from 2025 and from 2027 and now they’re saying, oh, let’s not go in 25, let’s go in 26. And then when next year comes around, they’re like, we just went to the us you know, and not go in 27 either. So I just hope that the more positive spin from the government comes true and this and, and not that we’re just sort of packing everything into this year and then international inbound is gonna deteriorate. Ryan Embree: So many interesting data points. Anyone in particular you have your eyes on where, you know, obviously we love a nice rosy outlook and try to look for opportunities through all of the data that’s out there, but anyone’s that are like unexpected data points or something that you’re at least keeping an eye on right now? Jan Freitag: Yeah, so there are a couple, but the one that I’m really focused on is consumer price index. Everything is getting more expensive and so that means that hotels will see their cost increase. And the big question then is how much of that cost increase can they pass on to the customer? And I just told you that our ADR forecast for this year is 2% and inflation is gonna be what, 3.5 or something? I mean, it’s gonna be much more than that outpacing that. So that’s really the crux and I think that’s what we here at NYU, to talk to owners and investors and management companies have figure out, okay, so how can we keep our margins expanding even maybe how do you do that in this environment where top line growth may be not keeping pace with with inflation. So the CPI number is really something I’m keeping an eye on. Ryan Embree: Yeah, pretty challenging time right now. when it comes to margins and hospitality that we, again, trying to suss out and figure out here, what are those maybe opportunistic data points that you’re seeing that you’re saying this, this is really good, maybe unexpected on the other end of the spectrum? Jan Freitag: Yeah, I think the Americans are wealthier than they ever have been. And Adam Sachs has this fascinating data point where he shows at the emerge that the middle class in America is shrinking, but part of it is because a lot more people are rich. So people are moving up the income chain and that allows ’em then to spend more money on experiences, very clear that people favor experiences over goods. And we are right in that Suite Spot. Ryan Embree: That continues to be the experience over stuff. We love to see that. And then you’re kind of here celebrating an anniversary/birthday of your podcast, is it? You know you’re, you’re usually, typically used to be in the host, not so much the guests, so thank you. Tell us a little bit more and maybe where our hotel audience can find the insights that you provide. Jan Freitag: Yeah, and thank you for having me. So we have our own podcast. My colleague Isaac Collazo from STR and myself get together once a month. It’s called Tell Me More, A Hospitality Data podcast. And three years ago at juniors across the street over cheesecake, we sort of hatched the idea. And so now we’re, I don’t know, like, you know, almost 30 episodes into it. And we get together once a month and we just sort of riff on the data and hopefully you can join us. Ryan Embree: I love it. That’s awesome. Well, Jan, thank you so much. Very busy time. Appreciate you stopping by and talking to us. Jan Freitag: My pleasure. Thank you so much. Ryan Embree: Alright. Hello everyone. Ryan Embree here with the Suite Spot. We are live at NYU IHIF 2026 here with Larry Cuculic, President and CEO of BWH Hotels. Larry, thank you so much for taking time outta your busy schedule to join us here on the Suite Spot. Larry Cuculic: It’s my absolute pleasure. Thank you for the invitation and for allowing me to share some thoughts with regard to the success and BWH hotels. Ryan Embree: Yeah. We’ve got a lot to cover cause you’ve got a lot going on right now. But let’s start with this event, right? NYU IHIF, lot of major brands here what does a successful NYU look like for you and your team? Larry Cuculic: To us, a successful NYU is interacting with developers and investors such that they’re aware of what BWH has become. We’re now 18 brands, over 4,000 hotels in over a hundred countries and territories from premium economy up to luxury hotels. We acquired world hotels about six years ago. And so it really is continuing to educate about the possibilities of their associating with BWH hotels because we would be singularly focused on their success if they partner with us. And you’re also in a powerhouse panel tomorrow, the Executive Exchange Hospitality Performance Strategies for Success give our audience a little bit a sneak peek of what you’re gonna be talking about on stage. Larry Cuculic: Well, we’re gonna be talking about of course, the economy near term as well as long term projections for what that looks like. we’ll be talking about the importance of loyalty programs. We’ll be talking about the impact of really the economy and things like labor insurance and how we as brands need to focus on the success of our hotels by offering them programs to really offset that impact on net RevPAR. Ryan Embree: And I’m sure one of the subjects and topics that we brought up on your panel, certainly something we talk about these hospitality events is, AI and technology. And we had the privilege of having SVP and your CTO Bill Ryan on at the Hospitality Show a couple months in October, gave us a little bit of lay of the land when it came to AI and technology. How do you feel personally that this technology is really changing the way that travelers choose hotels, but also how they have their hotel experience, their guest experience? Larry Cuculic: Sure. So the first thing we’re doing is we’re reinvesting in our .com as well as our app. And we want them to be easy to use intuitive, but we also wanna make sure they have content that convinces guests when they’re shopping that our hotels will provide them kind of that customization and personalization. ’cause it’s not about a commodity, a hotel room, it’s about all those things that we can offer. By way of example we’re partnering with an AI agency to kind of harvest content with regard to where our hotels are located in those communities. At the same time, we’ll take that harvested content and we’ll filter it through our hoteliers who live in those communities and create the content that will be the AI answer when somebody’s looking for a place to stay. And they’ll know that we want them to have the best possible time while we’re in that community, not just staying with us as a hotel, that we recognize that people don’t want just to stay, they want really a journey. Ryan Embree: Yeah. Something that we aspire in hospitality to provide that not just a hotel stay, but an experience. And we talked to Joelle Park about the power of storytelling and how that can play a component in one of the best stories, obviously that you just had a really exciting announcement with is America 250 and the story of this great nation. So talk to us a little bit about that partnership and what BWH Hotels is doing with America 250. Larry Cuculic: Well, we are a sponsor of America 250, and we’re encouraging our hoteliers to embrace the 250th anniversary of the birth of our nation. And part of that is not just USA 250, we also have the 100th anniversary of Route 66. We have hotels that have been with us, believe it or not, we have a hotel that’s been with us 75 years. And it speaks to the heritage of our brand. So we’ll be leaning into the history of this great country. At the same time we’ll be leaning into the history of our great brand and encouraging people to travel and see the United States and all that it has to offer no matter where you go. And the beauty of our hotels we have 2200 of them in North America and wherever they’re going to go, we want them to know that we have a hotel that will meet their travel leads such that they can experience really the 250th anniversary of USA. Ryan Embree: Yeah. It’s a really exciting partnership right in at an inflection point with the World Cup as well. So introducing maybe some international travel also to the brand and the nation. You know, you’re a great following on LinkedIn. I encourage our audience, if you haven’t, make sure you follow Larry, but one of the things you’re reflecting on your North American regional conferences that you’ve done up to this point in 2026 and you quoted to say that you want BWH hotels to become the most welcoming brand in the world. What does that mean to you and how is your team working to achieve that? Larry Cuculic: Well, welcoming means that we’re gracious hosts, but it also means that we’re, I’ll call it easy to do business with understanding, being flexible and recognizing that we are somebody you’d want to be partners with. Whenever anyone walks into a hotel we should tell them, you know, welcome, we’re glad you’re here by way of example. But I used to think of it that way in terms of being gracious host and everything that happens at the hotel, but when I think of welcoming, I also want to think about our new.com and app. Again, it’s that ease of use and personalization so that when you go there, we know it’s you and we want to help you make good decisions with regard to travel. So welcoming is about ease of.com, the app we’re redoing our loyalty program. I think Joel probably talked to you about that. And we want the loyalty program to be welcoming as well. Well, what does that mean? Well, that means that when you interact with us, you’ll know how many points you have. You’ll know they never expire. You’ll know that you can use them to buy down the price of a room at any point. That you don’t have to, to have as many points for a full stay to leverage those points. It’s a value of the program. And of course welcoming. I always lean into the importance of being not just a gracious host, but somebody that appreciates our guests. To me, that’s welcoming because you have to recognize that people, they’re traveling with their families, it’s something that you wanna leave a terrific impression on them and their family. And you also want them to know that we appreciate that they’ve spent their hard-earned money staying with us. To me, that’s being appreciative gracious hosts. And that’s part of the welcoming. It’s not, the welcoming doesn’t just happen when they enter. Welcoming has to be entire stay. Ryan Embree: So key. And the brands that kind of make that connection with their travelers, especially in a time where, I mean, we just talked about in this interview AI technology, there’s way more places become disconnected, to find that connection, that human to human connection. Very important right now. So as we wrap up the interview, obviously at these events we’re always, whether it’s the hospitality data we’re looking into, whether it’s a conversation, we’re always trying to take a glimpse into the future, trying to predict that future. Larry what do you see, what’s your vision for the future of BWH Hotels. Larry Cuculic: People will always wanna travel. And for us, if we can become that welcoming brand that appreciates our guests, we will build that loyalty. When we build that loyalty, that program will grow. Our revenue delivery brand direct will grow which is the lowest cost for us in terms of that reservation for our hoteliers but what I think I would also offer to you is we’re also very focused on thoughtful growth. And what that means is if you grow your loyalty program, you also wanna make sure you have hotels that are in locations where guests want to go. Be it London, be it Rome, be it Frankfurt, be it Bangkok, no matter where it is around the world. And so, you know, we have a, a focus goal of 5,000 hotels, which means we will grow thoughtfully, but with our guests in mind. And because when we have a hotel join us, our sole focus is the success of that hotel as well as having a quality hotel where guests want to go. Ryan Embree: That’s awesome. Well, we wish you nothing but success. Hopefully maybe can join the Suite Spot when that 5,000 hotel opens and we can celebrate that together. But in the meantime, thank you, Larry, for taking the time out of your day to join us here on the Suite spot. Larry Cuculic: Well, thank you. Thank you for the opportunity. Very much appreciate it. Speaker 2: To join our loyalty program, be sure to subscribe and give us a five star reading on iTunes. Suite Spot is produced by Travel Media Group. Our editor is Brandon Bell with Cover Art by Bary Gordon. I’m your host Ryan Embree, and we hope you enjoyed your stay.

This week, we discuss rising inflation, the upcoming Federal Open Market Committee meeting, and the much anticipated SpaceX initial public offering. Consumer prices continued to accelerate in May, with headline CPI rising 4.2% from a year earlier and core CPI increasing 2.9%. Alternative measures of inflation, including median, trimmed mean, and sticky CPI, also pointed to broadening price pressures. Producer prices rose at their fastest pace since 2022, prompting economists to revise their forecasts for the Federal Reserve's preferred inflation gauge, the Personal Consumption Expenditures index, higher. The renewed inflationary pressure complicates the outlook for monetary policy. With inflation moving further from the Federal Reserve's target, policymakers may find it increasingly difficult to justify lower interest rates and could instead be forced to maintain or even tighten policy. We examine the forces shaping the inflation outlook and discuss what investors should expect from the next FOMC meeting under the leadership of Kevin Warsh. We also turn to the SpaceX initial public offering and the broader state of financial markets. Investor enthusiasm for high growth companies remains intense, even as SpaceX, Anthropic, and OpenAI continue to generate substantial losses. The willingness of investors to assign extraordinary valuations to unprofitable businesses evokes uncomfortable comparisons with the technology boom of the late 1990s.

This week on Fed Watch, ITR Economist and Speaker Lauren Saidel-Baker breaks down a week packed with economic data, including a stronger-than-expected jobs report, elevated CPI and PPI inflation readings, and what they mean for the Federal Reserve's next move. As markets increasingly price out rate cuts, Lauren examines why the conversation may be shifting toward higher interest rates instead. She also explores the European Central Bank's surprise rate hike and what it could signal for the global inflation outlook. If you're trying to understand where interest rates, inflation, and economic growth are headed next, this episode highlights the key trends business leaders should be watching. Do you think the Fed's next move could be a rate increase rather than a rate cut? #FederalReserve #InterestRates #Inflation #Economy #FedWatch #EconomicForecast #JobsReport #CPI #PPI #ITREconomics

Warren Buffett's favorite stock market indicator is at an all time high. What does this mean for the market? SpaceX is going public today. Who is buying big time? Finally, May's CPI report showed an uptick in inflation. How high is inflation right now?

Markets ended the week balancing persistent inflation data, evolving Fed expectations, and shifting equity leadership. CPI and PPI both surprised to the upside, reinforcing the view that inflation remains sticky and likely keeps the Fed in a restrictive stance ahead of Kevin Warsh's first FOMC meeting as chair. While geopolitical tensions in the Middle East added volatility early in the week, markets recovered on signs of potential de-escalation. In equities, leadership broadened beyond mega caps, with equal weight indices gaining strength as investors reassess concentration risk. With rates expected to stay higher for longer, disciplined positioning and diversification remain key in navigating the current environment. Speakers:Brian Pietrangelo, Managing Director of Investment StrategyGeorge Mateyo, Chief Investment OfficerRajeev Sharma, Head of Fixed IncomeStephen Hoedt, Head of Equities 02:05 — CPI and PPI show persistent inflation pressures04:00 — Fed outlook ahead of Kevin Warsh's first FOMC meeting06:30 — Geopolitics and market reaction to Middle East tensions10:00 — Bond market implications and higher for longer rate expectations15:15 — Equity market breadth improves as SpaceX IPO draws attention Additional ResourcesNational Call Replay: 2026 Mid-Year CIO UpdateRead Now: Corporate Transparency Act — Where Are We Now (2026)? Key QuestionsWeekly Investment BriefSubscribe to our Key Wealth Insights newsletterFollow us on LinkedIn

In episode 2073, Jack and Miles are joined by comedian and host of Finding My Audience, Allen Strickland Williams, to discuss…Inflation Is At Three Year High - New Adventures In Gaslighting, Old White Guys Not Great At Pretending To Be On Phone? All The Ways America Is F**king Up The World Cup and more! Jim Cramer calls elevated CPI ‘artificial inflation’ — what that means for the stock market Trump says ‘I love the inflation’ after consumer price index hits 3-year high Old White Guys Not Great At Pretending To Be On Phone? World Cup ref denied entry to the U.S. was about to make history for Somalia Fifa and Gianni Infantino have questions to answer after the scandalous treatment of Omar Abdulkadir Artan Does referee case show Fifa has lost control of its own World Cup? Will the FIFA World Cup be the economic bonanza US cities were promised? How the World Cup became a front line for the U.S. immigration debate It’s beginning to look a lot like World Cup season Workers at L.A.-area stadium hosting World Cup games reach tentative deal after authorizing strike World Cup Mascots: Maple the Moose, Zayu the Jaguar, and Clutch the Bald Eagle LISTEN: Blackberry Marmalade by Vince StaplesSee omnystudio.com/listener for privacy information.

Chris Cuomo reacts to new inflation data showing consumer prices rose 4.2% in May—the highest level in three years—and explains why he believes the report could become Donald Trump's biggest political problem. Cuomo responds to Trump's claim that he “loves” the latest numbers and argues that voters care far more about what they're paying for gas, groceries, housing, and everyday necessities than any political talking point coming from Washington. Using the latest CPI report, Cuomo breaks down how rising energy costs, tariffs, and the economic fallout from the Iran conflict are putting pressure on consumers and small businesses. He explains why inflation has climbed back above 4%, why purchasing power matters more than stock market gains, and why he believes the midterms will ultimately be decided by one question: do Americans feel financially better off than they did before? Join The Chris Cuomo Project on YouTube for ad-free episodes, early releases, exclusive access to Chris, and more: https://www.youtube.com/@chriscuomo/join Follow and subscribe to The Chris Cuomo Project on Apple Podcasts, Spotify, and YouTube for new episodes every Tuesday and Thursday: https://linktr.ee/cuomoproject Get 46% off your entire order at https://NOBLTravel.com #NOBL #ad Learn more about your ad choices. Visit podcastchoices.com/adchoices

Our Global Head of Fixed Income Research Andrew Sheets explains our differentiated view of a potential benign outlook for inflation, despite the recent acceleration.Read more insights from Morgan Stanley.----- Transcript -----Andrew Sheets: Welcome to Thoughts on the Market. I'm Andrew Sheets, Global Head of Fixed Income Research at Morgan Stanley.Today, why is everything still so expensive?It's Thursday, June 11th at 2pm in London.The Federal Reserve has a so-called dual mandate, tasked with keeping the labor market healthy and prices stable. It is currently having much more success with the former than the latter.Let's start with that good news.Last Friday saw solid data from the U.S. jobs market, reducing some of the fears from earlier this year that artificial intelligence and other factors would lead companies to make do with fewer workers. The U.S. unemployment rate sits at just 4.3 percent, a historically low level. Measures like initial jobless claims indicate no large uptick in firings.Yet the success within the U.S. labor market is mirrored by struggles with inflation. The Fed tries to keep inflation, the annual increase in a broad set of prices, to about 2 percent per year. Their preferred measure of these prices, so-called PCE inflation, well, it's been materially above this target over the last three months, six months, twelve months, and indeed, the last five years.As for another key measure of inflation that was reported yesterday, CPI, overall prices increased more than 4 percent. While that was close to expectations, it still represents prices that are rising much faster than the Fed would prefer.This leads to a dilemma. One diagnosis of what's going on is that elevated inflation is a sign that conditions are simply too loose and too accommodative at these levels of interest rates. Corporate capital expenditure and merger activity is surging, regulation is being eased, and the U.S. government is spending a lot more than it's taking in. All of these are consistent with a hot economic cycle, which in the past would've warranted higher interest rates to bring the economy back down to a more sustainable speed.But it might not be that simple.The surging spend that we're seeing on AI data centers feels pretty unique and almost insensitive to other dynamics. Indeed, we've seen a 700 percent increase in the price of memory over the last year. Yet it's done little to slow demand for this construction as the large, well-capitalized companies behind the AI buildout see it as so essential to their future success.U.S. consumers are also still spending, boosted perhaps by record levels of household wealth. As just one example of this, my colleagues in Equity Research note that the price of airline tickets has gone up 25 percent over the last year, yet there's been no sign of people flying less.Now, the positive story would be that while there are some high-profile categories like computer memory or airfare that are seeing these large price increases, the broader inflation picture is actually set to get better as the year goes on, and costs for things like housing and tariff-impacted goods moderate. That is our view at Morgan Stanley, where our economists think that inflation will ultimately be lower over the next twelve months – and lower than many in the market expect.But there's definitely uncertainty.This month, June, is one where central banks may appear to have a renewed commitment towards inflationary pressures; with the ECB hiking rates today and our expectation that the Bank of Japan will hike rates next week, while the Fed will remove their easing bias. And our more benign economic base case for inflation does assume that oil will start flowing through the Strait of Hormuz pretty soon. It may not, and that could also lead to more sustained inflationary pressure.The big story on inflation has not gone away. Our assumption that pressures could ease in the second half of the year is a key and differentiated input to our forecast for lower bond yields and higher stock prices in 12 months' time. But it does rely on a change of the status quo.As of now, inflation is still too high.Thank you, as always, for your time. If you find Thoughts on the Market useful, let us know by leaving a review wherever you listen. And also, tell a friend or colleague about us today.

Tony Arterburn of Wise Wolf Gold and David Knight walk through a 95% correlation between the current gold bull market and the 1973-1980 OPEC oil embargo cycle — and if the pattern holds, gold triples from here. The gold pullback driven by hot CPI data is, Arterburn argues, pure irrationality: inflation so bad central banks may raise rates is being treated as bearish for gold, when it's the very reason to own it. Money should have intrinsic value AND transactional privacy: Go to https://davidknight.gold/ for great deals on physical gold/silver For 10% off Gerald Celente's prescient Trends Journal, go to https://trendsjournal.com/ and enter the code “KNIGHT” For high quality made in America products go to HomeSteadProducts.shop and use promo code “Knight” for 10% off your purchases Find out more about the show and where you can watch it at TheDavidKnightShow.com If you would like to support the show and our family please consider subscribing monthly here: SubscribeStar https://www.subscribestar.com/the-david-knight-show Or you can send a donation throughMail: David Knight POB 994 Kodak, TN 37764Zelle: @DavidKnightShow@protonmail.comCash App at: $davidknightshowBTC to: bc1qkuec29hkuye4xse9unh7nptvu3y9qmv24vanh7Become a supporter of this podcast: https://www.spreaker.com/podcast/the-david-knight-show--2653468/support.

──────────────────────────────────────── [00:04:00] US Launched 'Self-Defense' Strikes on Iran After a Helicopter-Drone Collision — Trump Admitted the Drone Didn't Explode Trump: the drone hit between the two pilots and didn't explode — a collision, not an attack — but he's bombing Iranian water. Cover for his failed ceasefire lie. ──────────────────────────────────────── [00:18:00] JD Vance Says the Iran War Will Be Done in a Year — In March He Said Weeks; Then Eight Weeks; Now a Year Knight: the timeframe expanded from days to weeks to eight weeks to a year — same lying pattern as Vietnam body counts, and nobody in the MAGA press is calling them out. ──────────────────────────────────────── [00:30:00] US Struck Iranian Water Infrastructure — Tens of Thousands Lost Water as 'Self-Defense' for a Collision Hegseth attacked the questioner who asked. Knight: attacking water is a war crime; the same military that shoots shipwrecked non-combatants cut off civilian water as retaliation for an accident. ──────────────────────────────────────── [00:45:00] Tony Arterburn: Gold's Bull Market Has a 95% Correlation With the 1970s Oil Embargo Pattern — Gold Could Triple The 1970s bull ran 1976 to 1980 driven by OPEC. Arterburn: the tick-for-tick alignment is extraordinary — he backed the truck up when gold sold off on yesterday's CPI data. ──────────────────────────────────────── [01:00:00] Gold Sold Off Because CPI Was Worse Than Expected — Arterburn: That Makes No Sense, Worse Inflation Is the Argument for Gold Central banks pushed to raise rates because of inflation they can't control — if they do, the economy collapses and they'll have to print. Either way it's inflation. ──────────────────────────────────────── [01:12:00] US Debt Is 80 Times Larger Than When Volcker Raised Rates to 20% — the Fed Has No Leverage Left Arterburn: in 1980 debt was $500 billion; now closing in on $40 trillion — interest payments approach the defense budget. They cannot raise rates enough to control inflation, so they'll print. ──────────────────────────────────────── [01:28:00] AI Companies Must Double Revenue Every Year Until 2030 — the Only Justification Is Selling Mass Job Replacement Revolver: if AI is just a useful tool it can't justify hundreds of billions in capital — the 'AI will take everyone's job' narrative sustains the bubble. A sales pitch, not a warning. ──────────────────────────────────────── [01:40:00] AI Data Center Noise Is Destroying Wyoming Ranch Communities — Residents Call It a Trespass on Their Private Property A couple near a Meta data center said 24/7 construction has made their property unlivable — Knight: noise is a trespass, and that is the legal argument that works. ──────────────────────────────────────── [01:50:00] Man Spent 50 Days in Jail Because AI Said He Was an 85% Match — He Was 5 Hours Away When the Crime Happened At least 14 known wrongful arrests from facial recognition — a second man arrested for a carjacking whose suspect couldn't travel 5 miles in 23 seconds. Algorithm outranked all evidence. ──────────────────────────────────────── [01:58:00] Marsha Blackburn Is Steering the AI Preemption Package — Knight: She'll Be Tennessee's Governor Enforcing Biometric Surveillance Blackburn is spearheading Kids Online Safety, No Fakes Act, and age verification — all requiring face scans or government ID to use the internet, pre-empting states. ──────────────────────────────────────── Money should have intrinsic value AND transactional privacy: Go to https://davidknight.gold/ for great deals on physical gold/silver For 10% off Gerald Celente's prescient Trends Journal, go to https://trendsjournal.com/ and enter the code “KNIGHT” For high quality made in America products go to HomeSteadProducts.shop and use promo code “Knight” for 10% off your purchases Find out more about the show and where you can watch it at TheDavidKnightShow.com If you would like to support the show and our family please consider subscribing monthly here: SubscribeStar https://www.subscribestar.com/the-david-knight-show Or you can send a donation throughMail: David Knight POB 994 Kodak, TN 37764Zelle: @DavidKnightShow@protonmail.comCash App at: $davidknightshowBTC to: bc1qkuec29hkuye4xse9unh7nptvu3y9qmv24vanh7Become a supporter of this podcast: https://www.spreaker.com/podcast/the-david-knight-show--2653468/support.

Click the link http://kalshi.com/r/MOSES or download the Kalshi App and use code MOSES to sign up and trade today! Checkout the WAWD Substack here: https://whatarewedoingonthedesk.substack.com/ Danny Moses is joined by Dan Nathan to break down a market that sold off on good news — strong jobs data, sticky inflation, and a Fed whose hands look increasingly tied heading into the CPI print. The guys dig into why the AI and data-center build has become the entire economy, and what a rotation out of those names would actually mean for growth. From there: Kevin Warsh's first meeting as Fed chair and how Danny is playing the odds of a dissenting vote, the long-awaited SpaceX IPO and the fine print behind it — index-inclusion mechanics, the timing of the Anthropic and Google compute deals, the 90-day exit clauses, and the question of who's left to buy once endowments and retail are already in. They close on two vice trades worth watching: Trulieve's move to the NYSE as cannabis quietly notches its biggest win in years, and how prediction markets like Kalshi are reshaping the data-provider landscape under DraftKings, FanDuel, and Flutter. --ABOUT THE SHOWFor decades, Danny has seen it all on Wall Street and has built his reputation on integrity, curiosity and skepticism that he will bring with him each week. Having traded through the Great Financial Crisis and being featured in "The Big Short" is only part of the experiences Danny wants to share with the listener. This weekly podcast cuts through market noise, offering entertaining and informative discussions with expert guests giving their views of the financial world and the human side of it. Whether you're a seasoned investor or just getting started, On The Tape provides something for all listeners.Follow Danny on X: @dmoses34The financial opinions expressed are for information purposes only. The opinions expressed by the hosts and participants are not an attempt to influence specific trading behavior, investments, or strategies. Past performance does not necessarily predict future outcomes. No specific results or profits are assured when relying on this content.Before making any investment or trade, evaluate its suitability for your circumstances and consider consulting your own financial or investment advisor. The financial products discussed in 'On The Tape' carry a high level of risk and may not be appropriate for many investors. If you have uncertainties, it's advisable to seek professional advice. Remember that trading involves a risk to your capital, so only invest money that you can afford to lose.Derivatives are not suitable for all investors and involve the risk of losing more than the amount originally deposited and any profit you might have made. This communication is not a recommendation or offer to buy, sell or retain any specific investment or service.

──────────────────────────────────────── [00:04:00] US Launched 'Self-Defense' Strikes on Iran After a Helicopter-Drone Collision — Trump Admitted the Drone Didn't Explode Trump: the drone hit between the two pilots and didn't explode — a collision, not an attack — but he's bombing Iranian water. Cover for his failed ceasefire lie. ──────────────────────────────────────── [00:18:00] JD Vance Says the Iran War Will Be Done in a Year — In March He Said Weeks; Then Eight Weeks; Now a Year Knight: the timeframe expanded from days to weeks to eight weeks to a year — same lying pattern as Vietnam body counts, and nobody in the MAGA press is calling them out. ──────────────────────────────────────── [00:30:00] US Struck Iranian Water Infrastructure — Tens of Thousands Lost Water as 'Self-Defense' for a Collision Hegseth attacked the questioner who asked. Knight: attacking water is a war crime; the same military that shoots shipwrecked non-combatants cut off civilian water as retaliation for an accident. ──────────────────────────────────────── [00:45:00] Tony Arterburn: Gold's Bull Market Has a 95% Correlation With the 1970s Oil Embargo Pattern — Gold Could Triple The 1970s bull ran 1976 to 1980 driven by OPEC. Arterburn: the tick-for-tick alignment is extraordinary — he backed the truck up when gold sold off on yesterday's CPI data. ──────────────────────────────────────── [01:00:00] Gold Sold Off Because CPI Was Worse Than Expected — Arterburn: That Makes No Sense, Worse Inflation Is the Argument for Gold Central banks pushed to raise rates because of inflation they can't control — if they do, the economy collapses and they'll have to print. Either way it's inflation. ──────────────────────────────────────── [01:12:00] US Debt Is 80 Times Larger Than When Volcker Raised Rates to 20% — the Fed Has No Leverage Left Arterburn: in 1980 debt was $500 billion; now closing in on $40 trillion — interest payments approach the defense budget. They cannot raise rates enough to control inflation, so they'll print. ──────────────────────────────────────── [01:28:00] AI Companies Must Double Revenue Every Year Until 2030 — the Only Justification Is Selling Mass Job Replacement Revolver: if AI is just a useful tool it can't justify hundreds of billions in capital — the 'AI will take everyone's job' narrative sustains the bubble. A sales pitch, not a warning. ──────────────────────────────────────── [01:40:00] AI Data Center Noise Is Destroying Wyoming Ranch Communities — Residents Call It a Trespass on Their Private Property A couple near a Meta data center said 24/7 construction has made their property unlivable — Knight: noise is a trespass, and that is the legal argument that works. ──────────────────────────────────────── [01:50:00] Man Spent 50 Days in Jail Because AI Said He Was an 85% Match — He Was 5 Hours Away When the Crime Happened At least 14 known wrongful arrests from facial recognition — a second man arrested for a carjacking whose suspect couldn't travel 5 miles in 23 seconds. Algorithm outranked all evidence. ──────────────────────────────────────── [01:58:00] Marsha Blackburn Is Steering the AI Preemption Package — Knight: She'll Be Tennessee's Governor Enforcing Biometric Surveillance Blackburn is spearheading Kids Online Safety, No Fakes Act, and age verification — all requiring face scans or government ID to use the internet, pre-empting states. ──────────────────────────────────────── Money should have intrinsic value AND transactional privacy: Go to https://davidknight.gold/ for great deals on physical gold/silver For 10% off Gerald Celente's prescient Trends Journal, go to https://trendsjournal.com/ and enter the code “KNIGHT” For high quality made in America products go to HomeSteadProducts.shop and use promo code “Knight” for 10% off your purchases Find out more about the show and where you can watch it at TheDavidKnightShow.com If you would like to support the show and our family please consider subscribing monthly here: SubscribeStar https://www.subscribestar.com/the-david-knight-show Or you can send a donation throughMail: David Knight POB 994 Kodak, TN 37764Zelle: @DavidKnightShow@protonmail.comCash App at: $davidknightshowBTC to: bc1qkuec29hkuye4xse9unh7nptvu3y9qmv24vanh7Become a supporter of this podcast: https://www.spreaker.com/podcast/the-real-david-knight-show--5282736/support.

Tony Arterburn of Wise Wolf Gold and David Knight walk through a 95% correlation between the current gold bull market and the 1973-1980 OPEC oil embargo cycle — and if the pattern holds, gold triples from here. The gold pullback driven by hot CPI data is, Arterburn argues, pure irrationality: inflation so bad central banks may raise rates is being treated as bearish for gold, when it's the very reason to own it. Money should have intrinsic value AND transactional privacy: Go to https://davidknight.gold/ for great deals on physical gold/silver For 10% off Gerald Celente's prescient Trends Journal, go to https://trendsjournal.com/ and enter the code “KNIGHT” For high quality made in America products go to HomeSteadProducts.shop and use promo code “Knight” for 10% off your purchases Find out more about the show and where you can watch it at TheDavidKnightShow.com If you would like to support the show and our family please consider subscribing monthly here: SubscribeStar https://www.subscribestar.com/the-david-knight-show Or you can send a donation throughMail: David Knight POB 994 Kodak, TN 37764Zelle: @DavidKnightShow@protonmail.comCash App at: $davidknightshowBTC to: bc1qkuec29hkuye4xse9unh7nptvu3y9qmv24vanh7Become a supporter of this podcast: https://www.spreaker.com/podcast/the-real-david-knight-show--5282736/support.

Host Tara uncovers the reality behind the mainstream media's latest selective editing, breaking down Donald Trump's "I Love Inflation" comments and the context the networks left out. Analyzing the latest Consumer Price Index (CPI) numbers at 4.2%, Tara reveals that 60% of current inflation is driven purely by energy prices tied to the ongoing conflict with Iran. She outlines a 16-month economic report card under the current Trump administration, highlighting a $3,000 increase in adjusted median income, major reductions in food stamp fraud, and Department of Justice crackdowns on government looting. CPI inflation numbers, media bias, Trump economic report card, energy market crisis, median income growth, SNAP benefit fraud, political media spin, Department of Justice investigation

A house build at nearly 11,000 feet is a mountain of problems all by itself. Now add grief, a scary medical diagnosis, and the emotional residue of a public campaign that didn't end the way we hoped, and you get the real story behind Mark vs the Mountain going national.We share the announcement that our new season premieres on Pure Flix first, then later on Great American Family, and explain why this isn't just another home building series. Yes, we're back in Angel Fire, New Mexico chasing views, battling weather delays, and trying to finish a stunning mountain home. But the network challenged us to show what happens when life hits hard, and how faith-based family values shape the way we respond when the plan changes. We also talk openly about Mark's ascending aortic aneurysm and what it means to face a heart health condition while cameras are rolling.Then we pivot into the headlines that made our blood pressure rise: New Mexico's Kids Count ranking, the state's last-place education outcomes, and the frustrating habit of turning brutal child well-being data into PR spin. We debate accountability, literacy, early-grade reading interventions, tutoring, and why school choice keeps coming up when families are desperate for better options. We also hit inflation and the CPI, what it's doing to working families, and why slow vote counting in races like the LA mayor contest damages trust even when people argue it's “normal.”If you care about New Mexico, education policy, election confidence, or faith-driven storytelling that doesn't feel fake, hit play. Subscribe, share the episode with a friend, and leave a review so more people can find the show.Website: https://www.nodoubtaboutitpodcast.com/Twitter: @nodoubtpodcastFacebook: https://www.facebook.com/NoDoubtAboutItPod/Instagram: https://www.instagram.com/markronchettinm/?igshid=NTc4MTIwNjQ2YQ%3D%3D

Eric Criscuolo, NYSE Market Strategist, breaks down a choppy week as the S&P 500 slips modestly while underlying market breadth remains firm. Ongoing Iran headlines continued to drive intraday volatility, though reactions appeared more muted as investors priced in a path toward de-escalation. Tech came under pressure, with notable weakness across semis, software, and mega-caps fueling a broader rotation into Financials, Healthcare, and small caps. Economic data, including a closely watched CPI report, kept yields elevated and added to the shifting sector dynamics. Focus now shifts to the Fed's upcoming meeting, key economic releases, and continued positioning ahead of major IPO activity.

In this episode, we break down a packed week of macro, market and stock-specific news. We start with the Bank of Canada holding rates at 2.25% as inflation pressures remain sticky, then look at the latest U.S. CPI print and why markets are still worried about inflation staying higher for longer. We also discuss the insider tipping allegations surrounding TerraVest and why governance risk can matter, even when the underlying business remains strong. From there, we move to the IPO market, including OpenAI reportedly filing confidentially for an IPO, the latest on SpaceX’s expected public listing, and Wealthsimple’s new IPO access feature for retail investors. Finally, we look at Lululemon’s tough quarter, weak Americas sales, margin pressure, lowered guidance, and whether the company is starting to look more like a turnaround story than a premium compounder. Tickers of stocks discussed:TIH.TO, LULU, ATZ.TO, META, GOOGL, AMZN, MSFT, NVDA, SPY, QQQ Subscribe to Our New Youtube Channel! Check out our portfolio by going to Jointci.com Our Website Canadian Investor Podcast Network Twitter: @cdn_investing Simon’s twitter: @Fiat_Iceberg Braden’s twitter: @BradoCapital Dan’s Twitter: @stocktrades_ca Want to learn more about Real Estate Investing? Check out the Canadian Real Estate Investor Podcast! Apple Podcast - The Canadian Real Estate Investor Spotify - The Canadian Real Estate Investor Web player - The Canadian Real Estate Investor Asset Allocation ETFs | BMO Global Asset Management Sign up for Fiscal.ai for free to get easy access to global stock coverage and powerful AI investing tools. Register for EQ Bank, the seamless digital banking experience with better rates and no nonsense.See omnystudio.com/listener for privacy information.

Dan Rochon and Collin Stewart discuss the origins of the CPI community, his approach to teaching sales and business growth, and his journey in writing and promoting his new book "Teach to Sell".    Learn about building predictable income, the importance of systems, and how to leverage AI in business.   Highlights include:  The Idea Behind the CPI Community (10:19), Mission to Help a Million People (14:26), The Value of Instructions and Systems (18:42), and more... Stay updated with our podcast and the latest insights on Outbound Sales and Go-to-Market Strategies!

Mabrouk Chetouane believes the situation for the Fed still hinges tightly on inflation, as CPI taps a three-year high. The biggest culprit driving it higher: energy, as the U.S.-Iran War continues to create long-term headwinds for American consumers. While complications exist, Mabrouk sees a resilient U.S. economy stomaching the headwinds for now.======== Schwab Network ========Empowering every investor and trader, every market day.Subscribe to the Market Minute newsletter - https://schwabnetwork.com/subscribeDownload the iOS app - https://apps.apple.com/us/app/schwab-network/id1460719185Download the Amazon Fire Tv App - https://www.amazon.com/TD-Ameritrade-Network/dp/B07KRD76C7Watch on Sling - https://watch.sling.com/1/asset/191928615bd8d47686f94682aefaa007/watchWatch on Vizio - https://www.vizio.com/en/watchfreeplus-exploreWatch on DistroTV - https://www.distro.tv/live/schwab-network/Follow us on X – https://twitter.com/schwabnetworkFollow us on Facebook – https://www.facebook.com/schwabnetworkFollow us on LinkedIn - https://www.linkedin.com/company/schwab-network/ About Schwab Network - https://schwabnetwork.com/about

Wholesale prices continue to climb, seen in the latest PPI print after the previous day's CPI hit three-year highs. Kevin Hincks outlines the impacts he expects it to have on the inflation picture and the Fed's interest rate projections. The energy trade continues to be the biggest culprit to inflation's spike as the U.S.-Iran War serves as a long-term headwind. ======== Schwab Network ========Empowering every investor and trader, every market day.Subscribe to the Market Minute newsletter - https://schwabnetwork.com/subscribeDownload the iOS app - https://apps.apple.com/us/app/schwab-network/id1460719185Download the Amazon Fire Tv App - https://www.amazon.com/TD-Ameritrade-Network/dp/B07KRD76C7Watch on Sling - https://watch.sling.com/1/asset/191928615bd8d47686f94682aefaa007/watchWatch on Vizio - https://www.vizio.com/en/watchfreeplus-exploreWatch on DistroTV - https://www.distro.tv/live/schwab-network/Follow us on X – https://twitter.com/schwabnetworkFollow us on Facebook – https://www.facebook.com/schwabnetworkFollow us on LinkedIn - https://www.linkedin.com/company/schwab-network/ About Schwab Network - https://schwabnetwork.com/about

美軍對伊朗發射49枚戰斧巡弋飛彈，川普怒嗆，「再不簽協議，就轟個稀巴爛」；德黑蘭則反擊，將徹底封閉荷姆茲海峽，導致油價應聲跳升。這場戰爭已重創伊朗基礎設施，通膨飆升400％，伊朗民眾苦不堪言；美國也同樣面臨經濟壓力，5月消費者物價指數（CPI）年增率飆升至4.2%，通膨壓力創下三年來新高。內外交迫下的川普，日前觀戰NBA總決賽時，遭到全場球迷大聲喝倒彩；由共和黨主導的國會也罕見倒戈，通過限制總統對伊動武權限的決議案。即將在6/14滿80高齡的川普，在外交、經濟與國會掣肘的多重壓力下，正面臨重返白宮以來最嚴峻的政治考驗。歡迎加入《尖鋒對話》，一起深度探討。

LISTEN and SUBSCRIBE on:Apple Podcasts: https://podcasts.apple.com/us/podcast/watchdog-on-wall-street-with-chris-markowski/id570687608 Spotify: https://open.spotify.com/show/2PtgPvJvqc2gkpGIkNMR5i WATCH and SUBSCRIBE on:https://www.youtube.com/@WatchdogOnWallstreet/featured  Chris reacts to President Trump's remark that he “loves” inflation after a 4.2% CPI reading and argues that headline numbers miss what matters most to families. While economists focus on core inflation, Chris says the real pain is in the “bare necessities” — food, energy, housing, healthcare, and other everyday expenses that continue to climb. He also examines what rising prices, growing deficits, mounting debt, and increased military spending could mean for interest rates, Federal Reserve policy, and the long-term value of the dollar.

US inflation hit 4.2% in May, the highest reading since April 2023, and the third straight month of acceleration. The driver is the US-Israeli war with Iran. The closure of the Strait of Hormuz has disrupted Middle East oil supplies, and energy alone accounted for over 60% of the monthly CPI increase.This episode breaks down the May CPI report and what's behind the number. Energy prices are up 23.5% year over year. Gasoline is up 40.5%. Fuel oil is up 58.9%. Shelter costs accelerated again to 3.4% and food rose 3.1%. Core inflation (the Fed's preferred measure, which strips out food and energy) climbed to 2.9%, a new high since September 2025, but the monthly core number actually came in below forecasts, which is the one piece of good news in the report.The Fed meets June 17. Markets expect a hold, but the conversation has shifted. Rate cuts that were on the table in January are off it now, and some analysts are starting to talk about hikes later this year if the energy shock spreads. The pace of the past three months is the fastest since spring 2022, when inflation was still climbing toward its 9% peak.The pain isn't evenly distributed. Real wages have fallen for two months in a row. Gas, food, electricity, and medical care are all running above 3%, which is exactly the basket of things households can't substitute away from. Brookings modeling suggests that even in the most optimistic scenario, a Hormuz closure lasting one quarter, US inflation ends 2026 about 0.6 points higher than it would have otherwise.We cover what the energy shock means for AI infrastructure costs, why a 40% gas spike doesn't show up evenly across the economy, what the Fed actually does with a war-driven inflation print, and whether May represents a 2026 peak or the start of something longer.May CPI, US inflation 2026, Iran war inflation, gas prices, Strait of Hormuz, Federal Reserve, interest rates, energy shock, real wages, core CPI, FOMC June 2026.

Today's top stories, with context, in just 15 minutes.On today's podcast:1) The New York Knicks came from 29 points down to beat the San Antonio Spurs 107-106 in Game 4 of the NBA Finals, taking a 3-1 lead in the series. The Knicks' win was capped off by OG Anunoby's tip-in with 1.2 seconds remaining, which followed a long 3-point shot by Jalen Brunson that bounced off the front of the rim. The Spurs had led 81-52 in the third quarter, but the Knicks outscored them 58-30 in the second half to complete the record-breaking comeback.2) President Trump said he will continue bombing Iran if it refuses to agree to an interim peace deal, following a second night of clashes between the countries’ forces. Iran retaliated by firing on US bases in Kuwait, Bahrain and Jordan, and said the Strait of Hormuz would be closed to all types of vessels. Trump ordered multiple strikes, including around 50 Tomahawk missiles, which Central Command described as “self-defense strikes,” in a signal that Trump wants to avoid restarting a full-on war.3) US inflation accelerated in May to the fastest pace in more than three years as the Iran war pushed up energy prices, outstripping Americans’ pay gains. Still, President Trump sought to downplay the CPI data, calling the figures “great” and suggesting fuel costs would be even higher if not for US efforts to get oil shipments out of the Strait of Hormuz. “You know what I really love? I love the inflation,” Trump said Wednesday. That’s because once the war is over “it’s going to come down like a rock.”See omnystudio.com/listener for privacy information.

The May CPI report dropped Wednesday and it's a doozy: Inflation rose 4.2% over the last 12 months. This means wallet pressure is bearing down on consumers, as wage growth lags behind price growth. On the other hand, the CPI report includes signals that inflation may have reached its peak. In this episode, an optimist's and pessimist's reading of the latest inflation data. Plus: Slowing immigration will have long-term effects on the U.S. economy, and summer camps shift to accommodate anxious teens.Every story has an economic angle. Want some in your inbox? Subscribe to our daily or weekly newsletter.Marketplace is more than a radio show. Check out our original reporting and financial literacy content at marketplace.org — and consider making an investment in our future.

The May CPI report dropped Wednesday and it's a doozy: Inflation rose 4.2% over the last 12 months. This means wallet pressure is bearing down on consumers, as wage growth lags behind price growth. On the other hand, the CPI report includes signals that inflation may have reached its peak. In this episode, an optimist's and pessimist's reading of the latest inflation data. Plus: Slowing immigration will have long-term effects on the U.S. economy, and summer camps shift to accommodate anxious teens.Every story has an economic angle. Want some in your inbox? Subscribe to our daily or weekly newsletter.Marketplace is more than a radio show. Check out our original reporting and financial literacy content at marketplace.org — and consider making an investment in our future.

A market correction is coming… and that's good news. Plus, Senator Warren vs. the SpaceX IPO… Hot CPI data… New Fed chair, old Fed tricks… Gold has more room to fall… And $1 million Bitcoin (BTC) is off the table. In this episode: The California election is chaos [1:06] Why Senator Warren is trying to delay the SpaceX IPO [5:31] Breaking down the market's reaction to the hot CPI [10:22] The cost of living is killing the market [17:02] New Fed chair, old Fed tricks [24:03] Gold prices have more room to fall [31:26] A market correction is coming… and that's good news [38:43] $1 million Bitcoin is off the table [43:08] Did you like this episode? Get more Wall Street Unplugged FREE each week in your inbox. Sign up here: https://curzio.me/syn_wsu Find Wall Street Unplugged podcast… --Curzio Research App: https://curzio.me/syn_app --iTunes: https://curzio.me/syn_wsu_i --Stitcher: https://curzio.me/syn_wsu_s --Website: https://curzio.me/syn_wsu_cat Follow Frank… X: https://curzio.me/syn_twt Facebook: https://curzio.me/syn_fb LinkedIn: https://curzio.me/syn_li

In this episode of Money Moves, we unpack a volatile week in the markets driven by escalating geopolitical tensions in the Middle East and rising oil prices. With the OECD slashing its global growth forecast due to disruptions in the Strait of Hormuz , inflation and upcoming CPI data remain the primary catalysts for stock market movement. We explore the probability of a market correction versus continued runway, analyzing how the AI boom and the upcoming SpaceX IPO are impacting tech sector rotations. The crypto market is also facing serious headwinds, testing critical support levels as Bitcoin dips below $60,000. We discuss the fallout of Michael Saylor's unexpected decision to sell Bitcoin, the long-term threat of quantum computing to the network, and why active development on blockchains like Ethereum and Solana might offer better long-term potential. Plus, we cover the upcoming FOMC meeting and debate whether the new Fed Chair will pause or cut interest rates.Connect & Take Action:Wealth Intelligence Brief: Text "WIB" to 844-447-1555 to get Matty's free macro data, real estate intel, and crypto signals delivered to your inbox 3 times a week.Imagos Income Fund: Text "INCOME" or "DEALS" to 844-447-1555 to learn more about Matty A's private debt fund targeting 10% fixed returns paid out monthly.

Stocks selling off as investors digest the latest developments out of the Middle East, and the highest inflation read in over three years. SMBC Americas' Chief Economist Joe Lavorgna lays out his take on the CPI report, and what's in store for Kevin Warsh at his first Fed meeting next week. Plus, all the details from Oracle's latest earnings report, Musk's unique strategy for his SpaceX IPO, and how the NBA finals and World Cup combo are kicking off a sports betting golden age. Fast Money Disclaimer Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

From The Bahnsen Group's West Palm Beach office on June 10, Brian Szytel recaps a broad market sell-off driven by a continued rotation out of overvalued tech/semiconductors and later by news the U.S. would resume strikes on Iran, after an initially encouraging CPI report helped markets rebound mid-morning. The Dow fell 953 points (1.87%) to session lows, with the S&P 500 down 1.6% and Nasdaq down 2%. Headline CPI for May was 0.5% (4.2% year over year), while core CPI was cooler at 0.2% (2.9% year over year), which he views as encouraging amid strong growth and employment. He notes oil rose but markets seem more desensitized as supply chains adapt. He also answers that splitting between a dividend growth portfolio and the S&P 500 is not a hedge due to high correlation; true hedging comes from asset allocation across stocks, bonds, alternatives, real assets, and cash. 00:00 Market Selloff Recap 01:26 CPI Surprise and Fed Focus 03:13 Middle East Risks and Oil 03:50 Oil Market Adapts 04:29 Ask TBG Portfolio Hedging 05:08 Real Hedging Asset Allocation 06:00 Wrap Up and Sign Off Links mentioned in this episode: DividendCafe.com TheBahnsenGroup.com

U.S. consumer price index came in at 4.2% annualized as expected but the closely watched core CPI was softer than expected. How supportive will it be to the crypto market as Bitcoin continues to hover above $60,000? Kris Bullock and Bijan Maleki discuss on the latest Trading the Markets. Monarch is the personal finance app that tracks everything – accounts, investments, savings, and spending.  Use code REALVISION at Monarch.com to get your first year half off at just $50.    Today's sponsor is Plus500 US. Take your trading to the next level with cross-market contracts, from precious metals to key indices, and more. Whether you're a seasoned trader in the Futures arena or brand new, Plus500's user-friendly trading platform offers you the advanced tools, market insights, and quick execution you've been looking for. Get started with Plus500 for as little as $100 at https://us.plus500.com. Trading in futures involves the risk of loss. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Inflation is rising again, Social Security is running out of money, and both parties are pretending the math is optional. Nate breaks down the CPI fight, the entitlement panic, and why the federal government has to do less things. Core inflation may matter to the Fed, but Americans pay the headline number. Food, gas, energy, rent, and everyday bills do not disappear just because politicians want a better narrative. Then we get into Social Security, Medicare, military spending, debt, deficits, and the bipartisan refusal to admit the obvious: spending is the problem. Chapters: 00:00 Intro and Fed Haters Club 00:45 Inflation, Iran, and the news rundown 02:15 CPI hits 4.2 percent 07:45 We don't pay core inflation 10:15 Political inflation hypocrisy 14:15 CPI is up 29 percent since 2020 20:15 Democrats' answer is more spending 23:30 Military budget waste and the wrong solution 27:30 Mike Johnson and entitlement spending 34:30 Social Security solvency fight 39:45 Social Security is failing because it is a Ponzi scheme 47:15 Medicare is running out too 53:30 The government has to do less things Watch All Episodes: https://www.youtube.com/playlist?list=PLi78svKlBr_8o0dDOX8DxO_Wwxu6WYhhA Watch Host Favorites: https://www.youtube.com/playlist?list=PLi78svKlBr__Zu40RL7mWxCuOOe54zgy2 Join the Fed Haters Club @ https://www.goodmorningliberty.us/fedhatersclub [Martens Minute]: https://martensminute.podbean.com/ All links @ gml.bio.link Subscribe, like, comment, share, and leave a rating/review on your podcast app. #Inflation #SocialSecurity #Libertarian #GoodMorningLiberty #FederalSpending

Bitcoin just posted its worst week since the FTX collapse — a 16% slide below $60,000, the steepest drop since Sam Bankman-Fried's exchange imploded in November 2022 — and analysts are warning the modest bounce to ~$61,300 may be short-lived. What makes this scarier than the FTX-era crash: there's no single catastrophic catalyst. Analysts are calling it a "silent bear market" because Bitcoin just broke below its 200-week moving average for the first time in this cycle, rate-cut bets have flipped to rate-HIKE bets thanks to strong U.S. jobs data, gold/silver/BTC are all falling together as the safe-haven thesis breaks, and Friday's $75 billion SpaceX IPO is poised to drain another $22.5B of retail capital directly out of crypto. Add Anthropic launching its zero-day-finding Mythos AI today (the same tech that found the four-year-old Zcash bug), Warsh planning to kill the Fed dot-plot, JPMorgan deploying long-running autonomous AI agents, and today's U.S. CPI print landing into the chaos — and this may be the cleanest structural bear market we've seen all cycle. We break down whether the FTX comparison actually holds, what a 200-week MA break historically means for Bitcoin, and which catalysts could stop the bleeding before $50K comes into play. Learn more about your ad choices. Visit megaphone.fm/adchoices

[깊이 있는 경제뉴스] 1) 고유가에 CPI 전년 대비 4.2%↑.. 근원물가는 선방 2) 스페이스X 공모주, 상장 당일 한국인만 못 판다 3) 은행채 발행 110조 넘어.. 대출금리 상승 우려 - 하수정 경제 전문 기자 - 비즈니스워치 박수익 기자 - 아시아경제 이승형 기자

Andrew, Ben, and Tom discuss Trump's Truth Social post declaring Iran's military "completely defeated" and the deal effectively dead, today's CPI print with consensus at +4.2% headline, the BOJ rate hike path complicated by Governor Ueda's hospitalization, Super Micro's $7 billion dilutive stock offering to fund $39 billion in backlog orders, the building AI supply overhang from OpenAI's S-1, Google, SpaceX, and Perplexity's 2028 IPO plans, Claude Fable 5's release stabilizing tech, TSMC's 30% May sales rebound, and Oracle earnings tonight.Join our live YouTube stream Monday through Friday at 8:30 AM EST:http://www.youtube.com/@TheMorningMarketBriefingPlease see disclosures:https://www.narwhal.com/disclosure

Bitcoin remains under pressure as investors await the latest CPI report, with economists expecting inflation to rise to 4.2% year-over-year and core inflation approaching 3%. While inflation remains elevated, Matt argues that the bigger story is where capital is flowing. Bitcoin ETF demand has weakened throughout 2026 as investors chase AI-related opportunities, with billions leaving crypto funds while money pours into companies like Anthropic, OpenAI, and potentially a future SpaceX IPO. Matt also discusses why Bitcoin breaking below its 200-week moving average could signal a deeper bear market, why having dry powder matters, and why he believes Bitcoin spending time around $45,000 would not be surprising.The episode also explores the growing stablecoin race, with major Japanese banks and U.S. financial institutions developing tokenized deposit and stablecoin systems. Matt argues that stablecoins were always the real CBDC story and warns that the future of money may increasingly be controlled by private corporations rather than governments. He also examines the shutdown of Bitcoin Layer 2 project Botanix, using it as an example of how good ideas can fail when launched at the wrong time, drawing parallels to Andrew Yang's early warnings about AI and automation.Finally, Matt reviews the latest crypto prices, discusses why today's "Extreme Fear" reading feels more like frustration than true panic, and makes the case that crypto's biggest challenge is no longer survival but competition. AI, SpaceX, robotics, and emerging technologies are all competing for the same investment dollars, forcing crypto to fight for attention in a way it hasn't had to for years.Happy Hodling, Everyone. Hosted on Acast. See acast.com/privacy for more information.

The Head of our Europe and Asia Technology Team, Shawn Kim, explains how AI's appetite for memory chips is boosting the cost of everything from data centers to smartphones, with consequences that may reach far beyond the tech industry.Read more insights from Morgan Stanley.----- Transcript -----Shawn Kim: Welcome to Thoughts on the Market. I'm Shawn Kim, Head of Morgan Stanley's Europe and Asia Technology Team. Today, we're talking about chipflation – when memory chips stop getting cheaper over time, and become more expensive and even harder to find. It's Monday, June 8th, at 3pm in London.Memory chips are easy to ignore, until your laptop slows down, your phone costs more, or your cloud bill jumps. Memory is the computer's workspace. It holds whatever the machine needs at that moment, whether that is a web search, a video, a spreadsheet, or an AI model answering a question. DRAM is the fast memory inside servers, PCs and phones. NAND is what stores files in solid-state drives. And HBM, or high bandwidth memory, is the high-performance version sitting right next to the AI chip, helping them move huge amounts of data quickly. That last one – HBM – is key because AI has become intensely memory hungry. Memory prices have risen more than six-fold over the last year, a sharp break from decades when the cost of DRAM generally kept falling. The pressure is coming from AI infrastructure buildouts. We see servers accounting for 59 percent of DRAM demand by 2028, up from 37 percent in 2023. We also see enterprise solid-state drives reaching 65 percent of NAND demand, up from 18 percent. And simply put, data centers are taking a much bigger share of the memory pie. AI memory use is climbing fast, and at every scale. A newer AI chip uses 7.2 times more HBM than earlier generations. A full system uses about 65 times more. Across an entire AI data center buildout, the jump gets even bigger. HBM has gone from roughly 10 terabytes in 2020 to about 18 petabytes in 2026, orders of magnitude more. This demand is running into a supply chain that cannot respond quickly. New memory capacity takes years to build, qualify and ramp up. Supply relief is a process, not a switch. And that creates a two-tier market. Large AI and cloud buyers can sign long-term agreements, prepay and secure priority access. Traditional buyers, including PC makers, smartphone makers and industrial hardware companies, must compete for what remains. This impacts everyday products. In 2027, we see PC memory demand potentially facing a 15 percent shortfall, equivalent to about 58 million PCs. Smartphones could face a 12 percent shortfall, equivalent to about 134 million units. Companies may have to raise prices, cut specifications, delay launches, and accept lower profits. The dollar numbers are striking. We see the memory market growing from about $220 USD billion in 2025 to about $890 billion in 2026. Expectations for 2026 memory revenue rose 71 percent in just three months. That implies roughly $600 USD billion of incremental memory revenue in 2026, more than the annual market for smartphones, PCs, or servers, each taken on its own. The broader economy may not see a significant direct inflation shock. We estimate the direct impact on headline CPI at about 0.1 percent in 2026. But pressure is showing up in producer prices, in corporate margins, cloud costs, capital spending plans and delayed technology upgrades. AI has turned memory from the cheapest part of the digital economy into one of its most contested resources. These tiny chips most people never think of may now decide what gets built or delayed, and how much we all end up paying. Thanks for listening. If you enjoy the show, please leave us a review wherever you listen and share Thoughts on the Market with a friend or colleague today.