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Every Bitcoin transaction needs to be verified on the blockchain. There is no central authority that does this, but Bitcoin's blockchain has run uninterrupted since 2009 and now carries a market capitalisation of $1.3 trillion, roughly 4% of US GDP. Its original promise was more radical: that we do not need a trusted intermediary to spend money, write contracts, or create finance. In the fifth LTI report, published today, Yackolley Amoussou-Guenou, Bruno Biais, and Sara Tucci-Piergiovanni ask how much of that promise has held. Bruno talks to Tim Phillips about blockchain's potential, its flaws, and its future. It is a Nash equilibrium: if you believe others will follow the rules, it is in your interest to follow them too. On that foundation Bitcoin's ledger has been running continuously for 16 years. Smart contracts, pioneered by Vitalik Buterin's Ethereum, extend the logic to financial agreements. Decentralised finance promised to cut out rent-seeking intermediaries. Cryptocurrencies can step in where banks are broken or currencies have collapsed; in Lebanon, when bank accounts were frozen and payments stopped, businesses switched to crypto and kept operating. But the technology's libertarian origins may need to be sacrificed: As Bruno says, without transparency there is no trust, and transparency in this market may require regulation.The research behind this episode:Amoussou-Guenou, Yackolley, Bruno Biais, and Sara Tucci-Piergiovanni. 2026. "Can Blockchain Decentralize Money, Contracts, and Finance?" LTI Report 5. CEPR and Long-Term Investors@UniTo. Freely available to download at cepr.org. To cite this episode:Phillips, Tim, and Bruno Biais. 2025. "Can Blockchain Decentralize Money, Contracts, and Finance?" VoxTalks Economics (podcast). Assign this as extra listening. The citation above is formatted and ready for a reading list or VLE.About the guestBruno Biais is Professor of Finance at HEC Paris and a Research Fellow at the Centre for Economic Policy Research (CEPR). His research spanning financial market microstructure, corporate finance, and the economics of blockchain has made him one of the leading economists working at the intersection of finance and decentralised technology. He has studied blockchain and cryptocurrency markets since their early years, and his theoretical models of consensus mechanisms and cryptocurrency valuation have shaped how economists understand the conditions under which decentralised systems can and cannot sustain themselves.Research cited in this episodeThe blockchain is a distributed ledger maintained by a network of nodes, each holding an identical copy of the record of ownership. When a transaction is submitted, all nodes verify it against the existing ledger and update their copies to reach consensus on the new state. No central authority manages this process; its stability rests entirely on the incentive structure built into the protocol.Nash equilibrium is a concept from game theory, named for the mathematician John Nash, describing a situation in which each participant's strategy is the best response to the strategies of all others; no individual has an incentive to deviate unilaterally. Biais and co-authors identify the Bitcoin protocol as a Nash equilibrium: if you believe others will follow the rules, it is in your own interest to follow them too. That self-reinforcing alignment of incentives, rather than goodwill or central enforcement, is why the blockchain has remained valid since 2009.Smart contracts are lines of code deposited on a blockchain that execute automatically when specified conditions are met: if X, then Y. Vitalik Buterin introduced them through the Ethereum platform, which offers a richer programming language than Bitcoin and allows users to hold collateral on-chain to guarantee the contract will pay out. Smart contracts underpin automated market makers, decentralised lending, and a wide range of financial applications that require no counterparty or intermediary to enforce the agreement.Oracles are third-party services that transmit data about real-world events to a blockchain, allowing smart contracts to respond to things that happen off-chain. A contract that pays out when a house burns, for example, requires an oracle to report that event to the network. Oracles introduce a point of fragility: the authenticity and accuracy of off-chain information must be established before the network accepts it, and that verification is more vulnerable to error and manipulation than the on-chain consensus mechanism itself.Front-running and miner extractable value (MEV) describe the practice by which technically sophisticated actors exploit the public visibility of pending transactions to extract profits at the expense of ordinary users. Because transactions on public blockchains are broadcast to all nodes before they are confirmed, an actor who sees a large pending purchase can execute the same trade first, drive the price up, and then sell at a profit once the original transaction goes through. The cost falls on the smaller trader. Biais notes that the barriers to entry and economies of scale in this activity have concentrated power in the hands of a small, technically skilled group, recreating the kind of intermediary rents that decentralised finance was designed to eliminate.Automated market makers are smart contracts that provide continuous liquidity for trading between two assets by holding reserves of both in a pool and setting prices according to the ratio of the reserves. A large purchase of one asset depletes that side of the pool and raises its price; a large sale depresses it. Automated market makers have become a central mechanism of decentralised finance, replacing the order-book systems used in traditional exchanges.Stablecoins are cryptocurrency tokens designed to maintain a fixed value relative to a conventional currency, typically the US dollar. They are issued by private entities that hold reserves intended to back the peg. Tether, the largest stablecoin by market capitalisation, holds its reserves in a mix of Treasury bills, Bitcoin, and precious metals; in 2021, the US Commodity Futures Trading Commission fined Tether for misrepresenting those reserves and required it to disclose their composition, making this information publicly available for the first time. Dai is an algorithmically managed stablecoin that maintains its peg through over-collateralisation in cryptocurrency rather than conventional reserves.The Diamond-Dybvig model is a theoretical framework developed by Douglas Diamond and Philip Dybvig explaining why financial intermediaries that hold illiquid assets while issuing liquid claims are inherently vulnerable to runs. When enough depositors demand withdrawal simultaneously, the institution is forced to sell assets at a loss, making further withdrawals impossible and confirming the fears that triggered the run. Biais applies this logic to stablecoins: if enough holders attempt to redeem simultaneously, the issuer must sell its reserves in volume, driving down their price and potentially breaking the peg.Central bank digital currencies (CBDCs) are digital tokens issued and managed by central banks, distinct from both commercial bank deposits and private stablecoins. Biais distinguishes two potential use cases: retail CBDCs, which would allow individuals to hold central bank money directly, and wholesale CBDCs, which would facilitate settlement between large financial institutions. He regards the wholesale application as the more promising; a wholesale CBDC could enable fast, low-cost atomic settlement of cross-currency transactions between banks under central bank oversight, a significant improvement on current interbank settlement systems.MiCA (Markets in Crypto-Assets Regulation) is the European Union's regulatory framework for crypto-asset service providers, which came fully into force in December 2024. It requires licensing for issuers and service providers operating within the EU and imposes disclosure, reserve, and conduct requirements intended to align the sector more closely with the standards applied in traditional financial markets.Hayek's currency competition refers to the argument by Friedrich Hayek that competition between privately issued currencies would discipline monetary policy: users would switch away from currencies managed irresponsibly, and that threat would encourage better central bank behaviour. Biais applies this argument to cryptocurrencies and stablecoins in countries where the domestic currency has been mismanaged. He cites Nigeria, where sharp depreciation of the naira was accompanied by rising crypto adoption; over the following period, Nigeria's central bank raised interest rates and created a more transparent foreign exchange market. Biais suggests, tentatively, that the competitive pressure from crypto alternatives may have contributed to that improvement.More VoxTalks EconomicsDo stablecoins threaten financial stability? Stablecoins are digital tokens, pegged to a fiat currency. What could possibly go wrong? For one type of stablecoin the answer is: plenty, according to Richard Portes. In coin we trust Crypto investors make a lot of noise, but who are they, and do they behave differently to other retail investors?Do cryptocurrencies matter? Can cryptocurrencies be useful? Not just for crypto bro speculators, but as a shield against the depreciation of the official currency if a government is determined to pursue inflationary policies.
Could AI transform our economies to produce explosive growth? Most economists are sceptical at best. Anton Korinek of the University of Virginia, leader of the CEPR research policy network on AI, thinks the threshold is closer than those models suggest.In his latest work, Korinek, Tom Davidson, Basil Halperin, and Thomas Houlden, have built a growth model that captures what happens when AI starts automating AI research itself. Automation does two things simultaneously: it accelerates research, and it offsets the diminishing returns that have historically stopped self-improving processes from compounding. Three reinforcing feedback loops: software quality, hardware quality, and general technological progress, each amplify the others. Korinek's findings are more optimistic than even the AI labs' own roadmaps, which focus on software capability alone. The research behind this episode:Davidson, Tom, Basil Halperin, Thomas Houlden, and Anton Korinek. 2026. "When Does Automating AI Research Produce Explosive Growth? Feedback Loops in Innovation Networks." Working paper, January 2026.To cite this episode:Phillips, Tim, and Anton Korinek. 2026. "When Does Automating AI Research Produce Explosive Growth?" VoxTalks Economics (podcast). Assign this as extra listening. The citation above is formatted and ready for a reading list or VLE.About the guestsAnton Korinek is a professor of economics at the University of Virginia. He leads the CEPR Research Policy Network on AI, which is building a community of researchers to understand and anticipate the economic impact of artificial intelligence. He is a member of Anthropic's Economic Advisory Council and was named by Time magazine among the hundred most influential people in AI. His research spanning the economics of transformative AI, growth theory, and the implications of advanced automation for labor markets and inequality has made him one of the most widely cited economists working on these questions. He is also the founder of the Economics of Transformative AI initiative at the University of Virginia, which focuses on the long-run economic consequences of AI systems that approach or exceed human-level capabilities.Visit the CEPR Research Policy Network on AI.Research cited in this episodeDaron Acemoglu's estimate of AI's growth impact. Acemoglu calculated that AI would raise annual growth by approximately 0.07 percentage points, arriving at this figure by multiplying the share of jobs likely to be affected by AI, the fraction of tasks within those jobs that AI could perform, and the productivity gain per task. Korinek argues the estimate was a reasonable description of the AI that existed in 2024 but did not account for the trajectory of capabilities since, nor for the feedback loops between AI progress and further AI development that his own paper models.Recursive self-improvement. The idea that an AI system, once capable enough, could design improved versions of itself, triggering an accelerating cycle of capability gains. The concept was first articulated by John von Neumann in the 1950s and has since become central to debates about transformative AI. All major AI labs, Korinek notes, are working towards some version of this vision; the economic question is whether the resulting growth would be explosive or would be damped by diminishing returns.Semi-endogenous growth models. A class of economic growth models in which long-run growth depends on the scale of the research workforce and the returns to research effort. The canonical insight, associated most closely with Nicholas Bloom and co-authors, is that "ideas get harder to find"; maintaining a given rate of progress requires ever-increasing research investment. Korinek and co-authors use and extend this framework, showing that automation can counteract diminishing returns by replacing human labor with capital in the research process, creating a new feedback loop that was absent from earlier models.Kaldor's balanced growth facts. Nicholas Kaldor's observation, made in the mid-twentieth century, that the major macroeconomic aggregates, including the capital-output ratio, the labor share of income, and the rate of return to capital, remain roughly stable over long periods. Growth economists built their models, including the Solow and Ramsey models, to fit these regularities. Korinek notes that those models were appropriate precisely because they matched the historical data; the question his paper raises is whether the data of the next few decades will look different enough to require a different class of models.Moore's Law. The empirical regularity, observed in computing hardware since the 1960s, that the number of transistors on a chip approximately doubles every two years. Korinek uses chip progress as a calibration benchmark: maintaining that rate of doubling has historically required roughly an eight percent annual increase in the scientific workforce working on chips. This figure allows the model to be parameterised with a real-world measurement of how much additional research input is needed to sustain a given rate of technological progress.Consumer surplus from digital technologies. Korinek raises the problem that GDP statistics are designed to measure market transactions and therefore do not capture the value people derive from digital goods and services beyond what they pay for them. He references research from the Stanford Digital Economy Lab as an example of work attempting to quantify this surplus. The implication for the paper's argument is that explosive AI-driven growth could be underestimated even in the statistics used to monitor it.More VoxTalks Economics episodes"Our Workless Future", an earlier conversation with Anton Korinek from September 2022, in which he set out the case for taking AI's impact on labor markets seriously.Related reading on VoxEUFirms predict an AI productivity boom is coming, a survey of over 5,000 CFOs, CEOs, and executives shows that around 70% of firms actively use AI, particularly younger, more productive firms. They forecast AI will boost productivity by 1.4%, increase output by 0.8%, and cut employment by 0.7% over the next three years.How AI is affecting productivity and jobs in Europe, firm-level evidence on AI's effects in Europe. The authors find that AI adoption increases labour productivity levels by 4% on average in the EU, with no evidence of reduced employment in the short run.From AI investment to GDP growth: An ecosystem view, how the current AI wave is contributing to US GDP, both directly through investment and indirectly through ongoing service flows.
Join OANDA Senior Market Analysts & podcast guest Nick Syiek (TraderNick) as they review the latest market news and moves. MarketPulse provides up-to-the-minute analysis on forex, commodities and indices from around the world. MarketPulse is an award-winning news site that delivers round-the-clock commentary on a wide range of asset classes, as well as in-depth insights into the major economic trends and events that impact the markets. The content produced on this site is for general information purposes only and should not be construed to be advice, invitation, inducement, offer, recommendation or solicitation for investment or disinvestment in any financial instrument. Opinions expressed herein are those of the authors and not necessarily those of OANDA or any of its affiliates, officers or directors. If you would like to reproduce or redistribute any of the content found on MarketPulse, please access the RSS feed or contact us at info@marketpulse.com. © 2023 OANDA Business Information & Services Inc
GinsGlobal Index Fund CEO Anthony Ginsberg joined Stephen Gunnion in the Proactive studio to discuss his outlook for AI, blockchain, defence tech and global megatrends through the lens of the HAN-GINS Tech Megatrend Equal Weight UCITS ETF. Ginsberg addressed the recent pullback in AI and tech shares, describing it as “more of a speed bump” rather than a structural downturn. He said the fund views the weakness as a buying opportunity, noting that artificial intelligence is still in its early stages and expanding into cybersecurity, cloud computing, robotics and biotech. He highlighted the ETF's equal-weight structure as a key differentiator, with an average PE ratio of around 21 times earnings compared to the Nasdaq's roughly 34 times. According to Ginsberg, “the problem has been that you've got this very narrowness in the market with these mag seven,” adding that broader opportunities are emerging across undervalued subthemes. The discussion also covered the addition of defence tech and quantum computing. Ginsberg pointed to strong momentum in defence tech, saying the theme has risen more than 25% since December, driven by increased US government outsourcing and strategic priorities. Quantum computing, while still in its early stage, is gaining importance due to Pentagon backing and national security applications. On blockchain, he noted it was the fund's best performer last year, up 33%, and stressed that the ETF focuses on infrastructure and ledger technology rather than cryptocurrencies. Looking at macro trends, Ginsberg remains optimistic, citing projected US GDP growth of 3–3.5%, easing inflation, fiscal stimulus and increased M&A activity as supportive tailwinds for growth stocks and tech megatrends. For more market insights and CEO interviews, visit Proactive's YouTube channel, give this video a like, subscribe to the channel and enable notifications so you never miss future content. #GinsGlobal #AnthonyGinsberg #TechMegatrends #AIInvesting #DefenseTech #QuantumComputing #BlockchainTechnology #GrowthStocks #ETFInvesting #GlobalMarkets
What happens when AI makes intelligence essentially free — and unlimited energy plus humanoid robots make physical labour free too? The economic models we've built our entire civilisation on stop working. In this episode I sit down with Cern Basher — a CFA charterholder, CIO of Brilliant Advice, and one of the sharpest minds at the intersection of AI, Bitcoin, and macroeconomics. Originally from New Zealand, Cern has built a massive following for his work connecting the dots between exponential technology and the future of money. We go deep on his thesis that AI and Bitcoin are two sides of the same coin — AI collapses the cost of intelligence (deflationary), and Bitcoin provides a monetary system that can't be inflated away. We explore Jason Lowery's Softwar thesis (which the US Department of Defence placed under security review), why AI agents will naturally adopt Bitcoin for autonomous transactions, and Cern's provocative argument that infinite output multiplied by zero price equals zero GDP — making our most fundamental economic metric meaningless. If you've ever wondered what the economy actually looks like when abundance replaces scarcity, this is the conversation. In this episode we discuss: Why AI and Bitcoin are "two sides of the same coin" Jason Lowery's Softwar thesis and why the DoD took notice How AI is already contributing more to US GDP growth than consumer spending Why AI agents need Bitcoin — permissionless, no KYC, no intermediaries Cern's "death of GDP" thesis — infinite supply × zero price = zero GDP The dematerialisation of physical products (cameras, maps, books, money) What this means for New Zealand and small economies How abundance economics breaks traditional supply and demand Links mentioned: Cern Basher on X: https://x.com/CernBasher Brilliant Advice: https://www.brilliantadvice.net Cern's GDP post: https://x.com/CernBasher/status/1913993658572984440 Jason Lowery's Softwar thesis: https://dspace.mit.edu/handle/1721.1/153030
Starting off in FOLLOW UP, we've got a tax economist who actually made money betting against the "efficiency" of Elon's budget-slashing fever dreams, while Tesla is busy trying to dodge a $243 million jury verdict for an Autopilot-assisted fatality. Not content with being legally liable, Tesla is also suing the California DMV because they're offended someone called their "Autopilot" and "Full Self-Driving" marketing deceptive—ironic, since Jack Dorsey just "proactively" halved the staff at Block to make room for more AI slop. Speaking of which, Goldman Sachs is here to remind us that all this AI spending added a grand total of zero to the US GDP last year, mostly because we're just exporting all that cash to overseas chip makers while 80% of execs admit the tech hasn't actually done anything for productivity yet.Moving into IN THE NEWS, Sam Altman had the audacity to compare ChatGPT's energy-sucking habits to the 20-year evolution of a human, though the internet wasn't exactly buying the "my bot is just like a baby" defense. Anthropic actually stood its ground against the Pentagon's demand for killer robots and mass surveillance, so naturally, the military just signed a deal to put Elon's Grok in their classified systems instead—because what could go wrong with an "edgy" LLM in the war room? Meanwhile, cities are dumping AI surveillance contracts as citizens start a literal "smash-the-snitch-box" campaign against Flock's license plate readers, Google's AI is busy inserting racial slurs into news alerts, and the White House is apparently harboring a staffer moonlighting as a racist "masterpiece" creator on X. We've also got Reddit being slapped with a $20 million fine in the UK for being lazy with age checks, while Discord and Apple scramble to build verification tools that hopefully won't leak your entire identity to a hacker in Belarus.In MEDIA CANDY, the Paramount-Skydance merger is leaving the industry in a cold sweat of "synergy" layoffs, but at least we're getting more Game of Thrones spinoffs and Star Trek reboots to rot our brains. Face/Off 2 lost its director, Ryan Coogler is taking on The X-Files, and Google wants to use AI to turn music into generic "lo-fi" background noise for the masses.Over in APPS & DOODADS, OpenAI is planning a 2027 smart speaker that literally watches you through a camera—because you definitely wanted a $300 Sam Altman-shaped eye in your kitchen—while the Dark Sky creators are back with "Acme Weather" for the low price of $25 a year.We wrap up THE DARK SIDE WITH DAVE with a deep dive into "Under Pressure" and Coruscant's urban sprawl, leaving us to reminisce about the days when KPT Bryce was the pinnacle of tech—back when "generative art" was just a fractal that took six hours to render.Sponsors:DeleteMe - Get 20% off your DeleteMe plan when you go to JoinDeleteMe.com/GOG and use promo code GOG at checkout.SquareSpace - go to squarespace.com/GRUMPY for a free trial. And when you're ready to launch, use code GRUMPY to save 10% off your first purchase of a website or domain.Private Internet Access - Go to GOG.Show/vpn and sign up today. For a limited time only, you can get OUR favorite VPN for as little as $2.03 a month.SetApp - With a single monthly subscription you get 240+ apps for your Mac. Go to SetApp and get started today!!!1Password - Get a great deal on the only password manager recommended by Grumpy Old Geeks! gog.show/1passwordShow notes at https://gog.show/735Watch on YouTube: https://youtu.be/jdz--v3eeU4FOLLOW UPGuy Bets Entire Life Savings Against Elon Musk, WinsTesla sues California DMV after it banned the term 'Autopilot'Jack Dorsey just halved the size of Block's employee base — and he says your company is nextIN THE NEWSSam Altman: Know What Else Used a Lot of Energy? Human CivilizationStatement from Dario Amodei on our discussions with the Department of WarAnthropic Tells Pete Hegseth to Take a HikeCities Are Shredding Their AI Surveillance Contracts en MasseKalshi Suspended a California Politician and a YouTuber for Insider TradingDiscord delays age verification to address user concernsApple introduces age verification for apps in Utah, Louisiana and AustraliaMEDIA CANDYAs Paramount Skydance wins the battle for Warner Bros. as Netflix ends its bid, here's the mood inside all three companies.A Knight of the Seven KingdomsStar Trek: Starfleet AcademyThe Night Agent Season 3'Face/Off 2' Director Adam Wingard is Now/GoneRyan Coogler's X-Files reboot gets the green light at HuluMortal Kombat II | Official Trailer IIGoogle's AI Slop Machine Is Coming for Your MusicDropping Names... and other things with Jonathan Frakes and Brent SpinerOnce We Were SpacemenAPPS & DOODADSOpenAI will reportedly release an AI-powered smart speaker in 2027Instagram Will Notify Parents When Teens Use Search Terms Related to SuicideThe creators of Dark Sky have a new weather appThis App Warns You if Someone Is Wearing Smart Glasses NearbyTHE DARK SIDE WITH DAVEDave BittnerThe CyberWireHacking HumansCaveatControl LoopOnly Malware in the BuildingStrong Songs - S08E02 - "Under Pressure" by Queen and David BowieThe Problem with Coruscant (Planet Cities Explained)Reminds me of KPT Fractal ExplorerKPT Bryce 1.0 with John Dvorak and Kai KrauseSingle-Biome PlanetKPT Shapes by Dave BittnerBald Mr Clean mascot "retired"My childhood disappointment with scrubbing bubbles.CLOSING SHOUT-OUTSActor Robert Carradine Dies At Age 71See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Recent analysis from Goldman Sachs indicates that $700 billion in AI investment during 2025 resulted in no measurable U.S. GDP growth, with most AI equipment imports negating domestic benefits and 80% of surveyed firms reporting no productivity or employment improvements. This pattern suggests that AI-related spending has primarily shifted margins from enterprise IT budgets to a small number of infrastructure vendors rather than delivering distributed value. Internal concerns are rising, with 90% of IT leaders questioning AI's return on investment, and 80% citing fragmented data as a primary challenge to measuring outcomes. Further context reveals that agentic AI initiatives face operational headwinds: Gartner expects 40% of such projects to be cancelled by 2027, and S&P Global found nearly half are abandoned before production, most often due to inadequate planning and data foundations. Margin erosion is widespread, attributed to AI implementation costs, and attempts to scale AI agents into production remain limited by inference costs and insufficient infrastructure. Despite increased adoption efforts, sustainable value delivery from AI platforms remains elusive for most organizations. Enterprise AI access is becoming increasingly concentrated. OpenAI's partnership with consulting firms such as BCG, McKinsey, Accenture, and Capgemini consolidates control of the enterprise distribution layer, narrowing competitive opportunities for smaller providers. Meanwhile, Amazon's 13-hour AWS outage, linked to the misconfiguration of an internal AI tool, underscores the liability ambiguity in agentic systems—where vendors may attribute autonomous actions to user error, complicating risk assignment. Additional updates from vendors such as Anthropic, Cloudflare, and New Relic address incremental technical capabilities, with a distinct focus on cost, operational governance, and policy enforcement. The prevailing themes for MSPs and IT leaders are increased scrutiny of AI value, heightened exposure to cost and accountability risk, and the emergence of managed service opportunities around data governance, cost instrumentation, and liability management. With enterprise market channels consolidating and risk shifting toward service providers, integrating robust contractual definitions for autonomy, incident attribution, and financial boundaries is essential to limit harm and clarify responsibility before incidents occur. Four things to know today 00:00 Goldman: $700B AI Spend Delivered Near-Zero U.S. GDP Growth in 2025 03:49 OpenAI Enlists BCG, McKinsey, Accenture to Distribute Enterprise AI Agents 06:44 Report: Amazon's Own Engineers Prefer Claude Over Its Mandated Internal Tools 08:56 AI Inference Costs Are Falling — But Governance Gaps Are Growing This is the Business of Tech. Supported by: CometBackup Small Biz Thoughts Community
Listen to the SF Daily podcast for today, February 25, 2026, with host Lorrie Boyer. These quick and informative episodes cover the commodity markets, weather, and the big things happening in agriculture each morning. Agricultural markets are experiencing month-end positioning with mixed South American crop outlooks and quality concerns in Brazil. The ethanol industry's significant economic impact is highlighted, contributing $50 billion to US GDP and supporting over 300,000 jobs while purchasing $24 billion in corn during difficult times for farmers. Livestock markets show mixed results with cattle under pressure from rising feed costs. Weather forecasts predict light snow in the Midwest today, followed by dry, windy conditions that will elevate wildfire risk. Learn more about your ad choices. Visit podcastchoices.com/adchoices
Nick Kunze from Sanlam Private Wealth unpacks the tariff turmoil after the Supreme Court rules them illegal, as US GDP prints softer and PCE inflation runs hot. Jason Swartz from Old Mutual Investment Group weighs up where the next surprises could land – and whether year-end elections pose any real market risk. Shannon Friedman, CEO of VAT Modernisation SA, outlines what it will take to overhaul South Africa's Vat system.
#stockmarket #nifty50 #trumptariffs #usinflation #rbibulletin #coresector #pharmaexports #idfcfirstbank #nseindia #upl #adaniports #coalindia #investing #trading #financehttps://www.youtube.com/watch?v=PzGmhhm6ud4IDFC First Bank : Rs 590 Crore Fraud!https://shorturl.at/gM97lHow to Use Artificial Intelligence for Investing - Combo of 5 ebooksGlobal markets react to Trump raising tariffs to 15% following a Supreme Court ruling, while US GDP growth slows to 1.4%. In India, the RBI projects a favourable economic outlook with Q1 FY27 GDP growth at 6.9%. Domestic core sector growth eased to 4% in Jan, and pharma exports aim for double-digit expansion. Key corporate news covers IDFC First Bank's ₹590 crore fraud, NSE's nanosecond speed upgrade, UPL's demerger, and Adani Ports' MoU.
The US Supreme Court rules Donald Trump's tariffs are illegal, but he won't give up on them. US GDP is weaker than expected, but inflation for consumers is warmer than forecast. And Malaysian exports surge. In our deep-dive interview, ANZ Group Chief Economist Richard Yetsenga analyses the impact of the Supreme Court's tariff block, including on the US Government deficit and its borrowing. Before accessing this podcast, please read the disclaimer at https://www.anz.com/institutional/five-in-five-podcast/
All three US equity benchmarks closed in the green after the US Supreme Court ruled against some of US President Donald Trump's global tariffs. The Dow Jones closed 0.47% higher, the S&P500 up 0.69%, while the tech- heavy Nasdaq advanced 0.9%. What to watch today:Following US equities, our local market is set to rise 0.18% according to the SPI futures.As we enter the final week of reporting season, the local market continues to be driven by stock-specific movements. Some notable updates from this mornings financial reports include: Fisher and Paykel Healthcare (ASX:FPH) have upgraded their earnings guidance for the year to March. Reece (ASX:REH) reported a 20% fall in profit for their first-half.Kogan.com (ASX:KGN) increased its interim dividend by 14.3% to 8c, however profit dropped to $8.2 million.Nuix (ASX:NXL) reached a net profit of $11.1 million for the half, in comparison to a loss of $10.4 million a year prior. And Ampol (ASX:ALD) has reported a 33% drop in net profit for the full year. Two companies Bell Potter are watching this week include Mineral Resources (ASX:MIN) and Telix Pharmaceuticals (ASX:TLX). The broker maintains a Buy rating on MIN with a 12-month price target of $70.00. At the current share price of $51.25, this implied 36.6% share price growth in the year. And Bell Potter also maintain a Buy rating on Telix, but have lowered their price target from $23.00 to $19.00. At the current price of $10.43, this implies 82.2% share price growth in a year. Among the long list of companies reporting today are Adairs (ASX:ADH), Lendlease Group (ASX:LLC), Praemium (ASX:PPS) and Regis Healthcare (ASX:REG). In commodities, Crude Oil is in the green at US$66.48 per barrel, nearing a six- month high following news that the US President is considering a limited military strike on Iran.The price of Gold has rallied over 2% to US$5,109.17 an ounce. The appeal for gold was reinforced due to two key factors. First, following the Supreme Court's ruling against reciprocal duties, the initial dollar retreat was quickly offset by statements from the US President around signing a new 10% global tariff. In addition to the trade policy pivot, US GDP data for Q4 was a disappointing report at 1.4%. And iron ore is trading lower at US$99.33 per tonne.
Send a textTensions continue to build over Iran as Trump sets deadline for nucleardeal. Dollar climbs to one-month peak, eyes US GDP and PCE inflationdata. Oil surges to 6-month high but gold can barely grip onto $5,000handle. Yen flounders again, equities trade mixed.Risk Warning: Our services involve a significant risk and can result in the loss of your invested capital. *T&Cs apply.Please consider our Risk Disclosure: https://www.xm.com/goto/risk/enRisk warning is correct at the time of publication and may change. Please check our Risk Disclosure for an up to date risk warningReceive your daily market and forex news analysis directly from experienced forex and market news analysts! Tune in here to stay updated on a daily basis: https://www.xm.com/weekly-forex-review-and-outlookIn-depth forex news analysis on all major currencies, such as EUR/USD, USD/JPY, GBP/USD, USD/CHF, USD/CAD, AUD/USD
Kia ora.Welcome to Monday's Economy Watch where we follow the economic events and trends that affect Aotearoa/New Zealand.I'm David Chaston and this is the international edition from Interest.co.nz.Today we lead with news the modest US inflation rate reported for January is fueling a disconnect and scepticism in US households.But first, this is a week where we will get the next RBNZ OCR review on Wednesday, important because it is Governor Brennan's first. And she will get her first inkling of January inflation impulses on Tuesday, and may have the January REINZ data later today. And she will likely know how the bank's consumer and business surveys are tracking, especially on inflation expectations.In Australia, the key data will come on Thursday with their January labour force updates. And the RBA will release the minutes of it February 4 meeting on Tuesday, always a potential market-moving event.The US Fed will also release its minutes this week. And we will get the advance estimate of Q4-2025 US GDP, as well as the Fed's [referred inflation gauge, the PCE. Canada will chime in with its own key releases.In China, markets will be closed for the week-long Lunar New Year holiday from February 16 to 23, although January foreign direct investment data is still expected to be released. Elsewhere, trade figures are due from Singapore, Malaysia, and New Zealand, while Malaysia will also publish inflation data.Over the weekend, China reported that that price deflation in their housing market picked up in January for a third straight month at a faster pace, overall down -3.1% from a year ago. In January, the year-on-year sales price of existing homes in first-tier cities fell by -7.6%. Specifically, prices in Beijing, Shanghai, Guangzhou, and Shenzhen falling by -8.7%, -6.8%, -8.3%, and 6.5% respectively. In second- and third-tier cities, the year-on-year sales prices of existing homes fell by -6.2% and -6.1%. Prices for new-built houses fell too, but only by -2.1%.Staying in China, and as expected, the normal January surge in new yuan lending by banks occurred again this year, but by less than expected and by a -8.2% lower level than for 2025, -4.3% lower than for January 2024. And it was -5.8% lower than what was expected. It is a soft result and is typically followed by a sharply lower level of lending in February during the Spring Festival/CNY period. 2026 is off to a languid start for them.Meanwhile, China's export economy is still functioning at full speed. Their current account surplus widened to an unprecedented US$242 bln in Q4-2025, sharply higher than the US$164 bln recorded a year earlier.India also released bank loan data overnight, and their firms are borrowing up big. In fact, it was up +14.6% in January from a year ago, the strongest surge in a year.Malaysia reported that its economic activity rose +6.3% in Q4 2025 from a year ago, revised up from an initial 5.7% and accelerating from 5.4% growth in Q3. This was their sharpest expansion since Q4-2022, with broad gains in agriculture, driven by oil palm output (+16, manufacturing, and services.On Saturday in the US CPI inflation came in at 2.4% for the year to January, slightly below the expected 2.5%. Core inflation came in at the expected 2.5%. This result was all due to lower petrol prices and falling used car prices. However, food was up +2.9%, and rents were up +3.0%. Electricity prices were up +6.3% (thank you, AI) and home gas was up +9.8%. It will be hard for households to feel inflation is under control.And key will be how the US Fed will interpret this data when setting their policy rates at their next meeting on March 19, 20206 (NZT). Markets currently expect a hold, and at least until the middle of the year.And one reason food prices seem higher there than the official data is that US beef cattle herd is now at its lowest in 75 years. This helps explain why US imports are soaring, and prices are high & rising.And don't forget, it is a long holiday weekend in the US for Washington's Birthday/President's Day. US-based activity will be low tomorrow and that will show up in our financial markets.The UST 10yr yield is still just under 4.06%, little-changed from Saturday but it is down -15 bps from this time last week.The price of gold will start today up +US$21 from Saturday at US$5041/oz. Silver is down -50 USc at US$77.50/oz today.American oil prices are little-changed at just under US$63/bbl, while the international Brent price is still under US$68/bbl.The Kiwi dollar is little-changed against the USD from Saturday, now just on 60.4 USc and down -10 bps. Against the Aussie we are unchanged at 85.4 AUc. We are down marginally again against the yen. Against the euro we are unchanged at 50.9 euro cents. That all means our TWI-5 starts today little-changed, now at 63.8 and down -10 bps from Saturday.The bitcoin price starts today at US$68,565 and down -0.8% from this time Saturday. Volatility over the past 24 hours has been modeST at just under +/- 1.5%.You can get more news affecting the economy in New Zealand from interest.co.nz.Kia ora. I'm David Chaston and we'll do this again tomorrow.
Trump shakes the world stage at Davos
From Minneapolis riots ❄️⚔️, illegal immigration chaos
Nouriel Roubini, chairman at Roubini Macro Associates, discusses his bullish stance on the role of AI in driving US GDP and productivity and explains why he is downplaying geopolitical risks to markets.See omnystudio.com/listener for privacy information.
as a follow up to last show's 'Review of US Economy 2025', this week the show makes predictions where it's headed in 2026. Topics include US GDP for next year, jobs & unemployment, Inflation (CPI & PCE), Fed interest rates (short & long term), continued devaluation of the US dollar and its consequences, direction of financial asset bubbles (gold, silver, crypto, stocks), AI investment & real business spending, government spending (defense vs social programs), budget deficits and national debt, US trade deficit. Impact of global trends (BRICS, sanctions, dollar demand, demand for US Treasuries by China, BRICS, etc. also discussed).
Angel Studios https://Angel.com/HermanJoin the Angel Guild today where you can stream Thank You, Dr. Fauci and be part of the conversation demanding truth and accountability. Renue Healthcare https://Renue.Healthcare/ToddYour journey to a better life starts at Renue Healthcare. Visit https://Renue.Healthcare/Todd Bulwark Capital https://KnowYourRiskPodcast.comBe confident in your portfolio with Bulwark! Schedule your free Know Your Risk Portfolio review. Go to KnowYourRiskPodcast.com today. Alan's Soaps https://www.AlansArtisanSoaps.comUse coupon code TODD to save an additional 10% off the bundle price.Bonefrog https://BonefrogCoffee.com/ToddThe new GOLDEN AGE is here! Use code TODD at checkout to receive 10% off your first purchase and 15% on subscriptions.LISTEN and SUBSCRIBE at:The Todd Herman Show - Podcast - Apple PodcastsThe Todd Herman Show | Podcast on SpotifyWATCH and SUBSCRIBE at: Todd Herman - The Todd Herman Show - YouTubeEpisode links:HOLY CRAP! NBC's Kristen Welker just got EMBARRASSED on national television by Treasury Sec. Scott Bessent!Exclusive: Amazon targets as many as 30,000 corporate job cuts, sources sayBREAKING - Three Democrats, Rep. Debbie Wasserman Schultz, Rep. Susie Lee, and Sen. Mark Warner, who sit on committees controlling defense, environmental, and public works spending, have been caught buying stocks tied to those sectors, seeing gains of up to 250 percent.
US GDP utterly crushed it in Q3 and that was following Q2 when output supposedly was well more than expected, so two quarters in a row of booming numbers. So why isn't anyone buying it? To begin with, just look at gold and silver. Safe haven buying is literally off the charts. Bond yields didn't react at all. And consumer confidence keeps falling deeper into recession territory.Eurodollar University's Money & Macro Analysis---------------------------------------------------------------------------------------------------------------------What if your gold could actually pay you every month… in MORE gold?That's exactly what Monetary Metals does. You still own your gold, fully insured in your name, but instead of sitting idle, it earns real yield paid in physical gold. No selling. No trading. Just more gold every month.Check it out here: https://monetary-metals.com/snider---------------------------------------------------------------------------------------------------------------------https://www.eurodollar.universityTwitter: https://twitter.com/JeffSnider_EDU
SBS Finance Editor Ricardo Gonçalves speaks with Mathan Somasundram from Deep Data Analytics about the better than expected US GDP result and what it means for interest rates, plus a look ahead to 2026 on the markets.
Bloomberg Daybreak Weekend with Host Nathan Hager take a look at some of the stories we'll be tracking in the coming week. In the US – a look ahead to U.S GDP data and a tech outlook for 2026. In the UK – a look at UK politics and what 2026 may hold in store for Prime Minister Keir Starmer. In Asia – a look ahead to the challenges facing China’s economy in 2026. See omnystudio.com/listener for privacy information.
Bloomberg Daybreak Weekend with Host Nathan Hager take a look at some of the stories we'll be tracking in the coming week. In the US – a look ahead to U.S GDP data and a tech outlook for 2026. In the UK – a look at UK politics and what 2026 may hold in store for Prime Minister Keir Starmer. In Asia – a look ahead to the challenges facing China’s economy in 2026. See omnystudio.com/listener for privacy information.
Daniel Lam discusses how the contribution from AI investments dominate US GDP growth and what that means in terms of risks and opportunities.Speaker: - Daniel Lam, Head of Equity Strategy, Standard Chartered BankFor more of our latest market insights, visit Market views on-the-go or subscribe to Standard Chartered Wealth Insights on YouTube.
In this episode of The Liquidity Event, AJ and Shane dive into billionaire wealth gaps, UK "rags to riches" stories, and what happens when fast financial success reshapes friendships. They unpack media narratives, economic inequality, and why Business Insider profiles might not tell the full truth. The conversation expands into EU vs. US tech power, streaming-platform consolidation, and the rise of "enshittification" across the internet. AJ and Shane also cover year-end money moves, including FSA/HSA spending strategies, Trump Accounts, and how early-life investment programs could change generational wealth. They discuss credit-building hacks, life-changing compounding math, and the personal finance implications of giving every American baby a federally funded investment account. The episode closes with a look at what to do with an extra $100K at year-end — plus a few fun ideas for how to blow it in six hours. Key Timestamps (00:00) Bemelmans Bar recap and the Shrimp Cocktail Index (03:00) Rags-to-riches story: £20M in 8 years and the fallout of fast success (05:00) "Self-made" narratives, Bill Gates' daughter, and privilege vs. perception (08:10) UK vs. US GDP, economic decline, and foreign ownership concerns (09:30) Big Tech fines in the EU and the power imbalance with U.S. platforms (11:45) Streaming chaos: Netflix, Warner Bros., pirating, and lost media access (12:50) "Enshittification" explained — how platforms get worse over time (13:20) FSA/HSA hacks, eligible gift ideas, and Peloton letters of medical necessity (16:30) Trump Accounts, Dell family matching, and life-changing compounding math (26:00) What to do with an extra $100K — loans, DAFs, mortgages, and dream spending
On this week's episode of Educational Insights, Ashley Page breaks down why America's manufacturing sector has slipped from 25% of the GDP in the 1950s to just 9.7% today and why restoring it could be transformative. He highlights how boosting manufacturing back to even 15% could strengthen the middle class, enhance national security, fuel innovation, and revitalize communities across the country. Tune in to discover why a manufacturing revival could reshape our economy and create new opportunities for communities nationwide. Watch to learn more. Ashley Page, JD, MBA Senior Vice President Wealth Consultant Email Ashley Page here Fi Plan Partners is an independent investment firm in Birmingham, AL, with a team of professionals serving clients across the nation through financial planning, wealth management and business consulting. The team at Fi Plan Partners creates strategies in the best interest of their clients using fee based investing. The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. All performance referenced is historical and is no guarantee of future results. All indices are unmanaged and may not be invested into directly. Economic forecasts set forth in this presentation may not develop as predicted. No strategy can ensure success or protect against a loss. Stock investing involves risk including potential loss of principal. Securities and advisory services offered through LPL Financial, Member FINRA/SIPC and a registered investment advisor.The post Manufacturing and the US GDP first appeared on Fi Plan Partners.
Companies keep approaching AI the way they approached every other tech rollout: install it, train on it, expect immediate returns. But AI isn't software. It's imperfect by design, doesn't follow a predictable implementation curve, and the gap between what leadership promised the board and what's actually happening is becoming a serious problem. In this episode of The Trending Communicator, host Dan Nestle sits down with Chris Gee, founder of Chris Gee Consulting and strategic advisor to Ragan's Center for AI Strategy. Chris has survived four career reinventions driven by technological disruption—from watching his graphic design degree become obsolete the day he graduated to now helping organizations navigate the shift to agentic AI. His motto, "copilot, not autopilot," frames the entire conversation. Chris and Dan dig into why AI adoption is stalling—because companies are treating transformation like a switch to flip rather than a capability to build. They explore the parallel to 1993's Internet boom and why the adoption curve is right on schedule despite executive frustration. The conversation gets practical: Chris shares how he built an AI agent named "Alexa Irving" for client onboarding, and they tackle whether doom-and-gloom predictions from AI CEOs are helping or hurting the people who actually need to use these tools. Listen in and hear about... Why the adoption curve for AI mirrors the early Internet The $17 trillion argument against AI replacing all jobs (hint: someone has to buy things) How prompting skills aren't going away Building agentic AI with guardrails: Chris's "Alexa Irving" experiment Why "copilot, not autopilot" is more than a slogan—it's a survival strategy The skills gap nobody's addressing and why we need more brains who understand AI, not fewer Notable Quotes "My motto is copilot, not autopilot. I wholeheartedly believe that we are going to make the most progress using AI in tandem—where humans focus on the things that we do well and we use AI for the things it does better than we do." — Chris Gee [04:19] "17 is $17 trillion—that's what the American consumer spends per year. 70 is the percentage of US GDP that represents. And zero is the amount of money that AI chatbots, LLMs, and agents have to spend." — Chris Gee [23:57] "Your ability was never simply in your ability to string together words and phrases, but to translate experiences or emotions and create connection with other humans." — Chris Gee [36:44] "It's not thinking and it never will be thinking. So if we understand that, then we understand it won't be thinking like a human." — Chris Gee [1:07:00] Resources and Links Dan Nestle Inquisitive Communications | Website The Trending Communicator | Website Communications Trends from Trending Communicators | Dan Nestle's Substack Dan Nestle | LinkedIn Chris Gee Chris Gee Consulting | chrisgee.me Chris Gee | LinkedIn The Intelligent Communicator Newsletter | chrisgee.me (sign up on website) Timestamps 0:00:00 AI Transformation: Hype vs. Reality in Communications0:06:00 Human Touch vs. Automation in Service Jobs0:12:40 Early Career Transformation & Adapting to Technology0:18:00 AI Adoption Curve: Early Adopters and Laggards0:23:30 Tech Disruption, Job Fears, and Economic Impact0:29:10 Prompting and Obstacles to AI Adoption0:34:45 Redefining Skill Sets & Human Value with AI0:40:45 Efficiency, Productivity, and Creativity with AI Tools0:46:20 Rethinking Work: Flexible Schedules & Four-Day Weeks0:51:39 Practical AI Use Cases: Experiment and Upgrade0:55:11 Agentic AI: Autonomous Agents and Guardrails1:01:29 Autonomous Agents: Oversight, Guardrails, and Risks1:08:15 AI Is Imperfect: Why Human Judgment Remains Essential1:14:16 AI Quirks, Prompting Challenges, and Adoption Friction1:19:41 Wrap-Up: Finding Chris Gee & Newsletter/Prompt Suggestions1:21:18 Final Thoughts & Episode Closing (Notes co-created by Human Dan, Claude, and Castmagic) Learn more about your ad choices. Visit megaphone.fm/adchoices
Send us a textMiguel Armaza sits down with René Lacerte, founder and CEO of Bill, one of the fintech industry's most successful and enduring leaders. From building PayCycle in the 1990s to now leading a publicly-traded company powering the “Fortune 5 Million”—the SMBs that are the backbone of America—René brings nearly three decades of hands-on experience in financial operations, product innovation, and organizational culture.In this episode, René shares his singular journey, starting with childhood influences from a family steeped in entrepreneurship and jazz music, and moving through decades of building for small and mid-sized businesses. He dives deep into why serving SMBs is both uniquely challenging and vital for communities, and reveals how Bill processes over a trillion dollars annually for nearly half a million clients across the US, in partnership with more than 9,000 accounting firms.René also shares rapid-fire insights on metrics he obsesses over (customer happiness and escalations), the importance of deep networks for founder success, and why investing in culture is the ultimate bet for long-term company excellence.A must-listen for founders, fintech builders, and anyone passionate about the future of entrepreneurship, financial technology, and the creative power of small businesses.Timestamped Overview00:00 Intro & René Lacerte's Background04:41 Piano passion and perseverance07:34 Dreaming of Wyntons Talent11:52 SMBs community and identity16:15 Entrepreneurship Requires Growth and Accountability18:39 Being present and appreciating20:11 Tech inspiration for SMBs25:37 Scorecards Over Job Descriptions29:47 AI Enhancing Creativity and Impact33:09 Touchless Workflow Automation35:38 Trust, data, and fintech success39:07 Financial ecosystem and acquisitions41:39 Embracing healthy workplace conflict45:42 The Power of Networking48:54 Celebration honors collective effort51:48 The lasting impact of gratitudeWant more podcast episodes? Join me and follow Fintech Leaders today on Apple, Spotify, or your favorite podcast app for weekly conversations with today's global leaders that will dominate the 21st century in fintech, business, and beyond.Do you prefer a written summary? Check out the Fintech Leaders newsletter and join ~85,000+ readers and listeners worldwide!Miguel Armaza is Co-Founder and General Partner of Gilgamesh Ventures, a seed-stage investment fund focused on fintech in the Americas. He also hosts and writes the Fintech Leaders podcast and newsletter.Miguel on LinkedIn: https://bit.ly/3nKha4ZMiguel on Twitter: https://bit.ly/2Jb5oBcFintech Leaders Newsletter: bit.ly/3jWIp
The US economy depends on an unsustainable stock market bubble driven by AI companies that are almost all losing money. Nvidia seems healthier, but serious red flags explain why its stock price is extremely volatile, and why its market capitalization dropped $600 billion in just one day. Ben Norton explains. VIDEO: https://www.youtube.com/watch?v=JAZqYQBwWNY Topics 0:00 AI bubble & Nvidia 2:40 Magnificent Seven (Mag7) Big Tech stocks 4:01 US GDP growth depends on AI capex 5:01 AI circular financing scheme 6:28 OpenAI is losing money, but owes $1.4 trillion 7:38 Nvidia profits rise in earnings report 9:27 US investor madness 12:04 China challenges Nvidia's chip monopoly 13:43 Crazy volatility in Nvidia stock 15:08 CEO Jensen Huang's private comments 17:11 $600 billion drop in one day 18:13 Four customers make up 61% of Nvidia revenue 20:25 IOUs: Nvidia's accounts receivable rises 21:43 GPU demand? Nvidia inventories surge 22:37 S&P 500 falls $2 trillion in 5 hours 24:12 US economy built on financial house of cards 26:13 Markets can remain irrational... 27:01 Dangers of a recession or depression 28:13 Outro
Azeem Azhar is the founder of Exponential View, a newsletter and research platform on emerging technology read by over 130,000 executives and policymakers globally, and author of the bestselling book The Exponential Age.In this episode of World of DaaS, Azeem and Auren discuss:Diagnosing an AI bubbleData centers driving 33% of US GDP growthWhether energy will constrain AI before capital doesCircular financing in AI and funding quality risksLooking for more tech, data and venture capital intel? Head to worldofdaas.com for our podcast, newsletter and events, and follow us on X @worldofdaas.You can find Auren Hoffman on X at @auren and Azeem Azhar on X at @azeem.Editing and post-production work for this episode was provided by The Podcast Consultant (https://thepodcastconsultant.com)
When the US Federal Reserve reduced its interest rate by a quarter percentage point last week, establishing the target range at 3.75-4 percent, it was not a bold stimulus but rather a cautious act of navigation. A prolonged government shutdown has left the Fed operating with limited information on inflation and jobs. For India, this development influences the global cost of capital, investor behaviour, and the overall pace of trade. The rate cut was determined under extraordinary conditions. US GDP grew at an annualised rate of 3.8 percent in the second quarter, but more recent indicators suggest a cooling trend. Unemployment has risen to 4.3 percent, job creation has decelerated, and consumer spending is stabilising. Although inflation has decreased to approximately 3 percent year-on-year, it still exceeds the Federal Reserve's 2 per cent target. Typically, policymakers would review fresh September data before making decisions, but since those reports never came, the Federal Reserve had to rely on August data. Bidisha Bhattacharya has more in #ThePrintEconomix----more----Read full article here: https://theprint.in/opinion/economix/us-interest-rate-cut-india/2776495/
Angel Studios https://Angel.com/ToddJoin the Angel Guild today and know you are not just watching, you're helping make bold, faithdriven stories like Disciples in the Moonlight possible. That's Angel.com/Herman.Bizable https://GoBizable.comUntie your business exposure from your personal exposure with BiZABLE. Schedule your FREE consultation at GoBizAble.com today. Renue Healthcare https://Renue.Healthcare/ToddYour journey to a better life starts at Renue Healthcare. Visit https://Renue.Healthcare/Todd Bulwark Capital https://KnowYourRiskPodcast.comRegister now for the free Review/Preview Webinar November 20th 3:30pm Pacific, scheduleyour free Know Your Risk Portfolio Review, and subscribe to Zach's Daily Market Recap at Know Your Risk Podcast dot com.Alan's Soaps https://www.AlansArtisanSoaps.comUse coupon code TODD to save an additional 10% off the bundle price.Bonefrog https://BonefrogCoffee.com/toddThe new GOLDEN AGE is here! Use code TODD at checkout to receive 10% off your first purchase and 15% on subscriptions.LISTEN and SUBSCRIBE at:The Todd Herman Show - Podcast - Apple PodcastsThe Todd Herman Show | Podcast on SpotifyWATCH and SUBSCRIBE at: Todd Herman - The Todd Herman Show - YouTubeYou won't believe what percentage of the US GDP these 5 companies make. Plus, how government intervention DISRUPTS and RUINS our economy. Zach Abraham of Bulwark Capital Management joins.Episode links: HOLY CRAP! NBC's Kristen Welker just got EMBARRASSED on national television by Treasury Sec. Scott Bessent!Exclusive: Amazon targets as many as 30,000 corporate job cuts, sources sayBREAKING - Three Democrats, Rep. Debbie Wasserman Schultz, Rep. Susie Lee, and Sen. Mark Warner, who sit on committees controlling defense, environmental, and public works spending, have been caught buying stocks tied to those sectors, seeing gains of up to 250 percent.
The US economy depends more and more on enormous bubbles in the stock market and AI. The 10% of richest Americans drive half of all spending, while the real economy in many states is in recession. If the bubble pops, it could cause a severe crisis. Political economist Ben Norton explains. VIDEO: https://www.youtube.com/watch?v=rXCVrLPTUHQ Topics 0:00 Economy divided between rich & everyone else 1:36 Many US states already in recession 3:11 Biggest stock market bubble in history 5:31 90% of stocks owned by 10% richest Americans 7:23 Magnificent Seven (Mag7) Big Tech stocks 9:07 Ten Titans Big Tech stocks 9:58 AI bubble 11:46 (CLIP) Jeff Bezos: AI is in "good bubble" 13:26 95% of AI pilot programs fail 13:55 Investors keep buying overvalued stocks 15:12 Markets can remain irrational 15:26 Irrational exuberance 15:50 Dot-com bubble 16:28 US share of global stock markets 17:28 US vs Chinese tech company revenue 18:24 Tesla vs global automotive industry 20:49 Top 10 US stocks: 16% global market cap 21:07 Recession 22:23 Stagflation 23:04 AI capex contribution to US GDP growth 25:07 AI is eating the economy 26:01 AI drives up electricity bills 26:50 Trump shuts down renewable energy 27:42 AI adds more to GDP than shopping 28:49 US job growth collapses 32:13 Bifurcated economy 33:01 Outro
Today's show discusses the Four financial bubbles now growing same time: Gold prices doubled last18 months. Bitcoin up 160%+. S&P, Dow, Nasdaq stock markets up more than 50%. What's driving it? AI, US sanctions, -10% fall of the US dollar, and global economic slowdown. Show explains AI boom and stocks surge due to speculative investing in just 7 largest Tech corps. AI boom now 17X larger than 2000 Internet boom. AI responsible for 80% of stock markets surge. Tech investment 90% of 2025 first half US GDP. Take away AI and US economy, first half 2025 GDP grows only 0.1%. When will any of the four bubbles burst? Will any one take down the other three?
Ralph welcomes Andy Shallal of Busboys and Poets to discuss his new memoir, “A Seat at the Table: The Making of Busboys and Poets.” Then, Ralph speaks to business consultant and activist Bennett Freeman about why Big Business isn't standing up to the Trump Administration.Andy Shallal is an activist, artist and social entrepreneur. Mr. Shallal is the founder and proprietor of Busboys and Poets restaurants in the Washington, D.C. area, which feature prominent speakers, poets and authors and provide a venue for social and political activism. He is also co-founder of The Peace Cafe and a member of the board of trustees for The Institute for Policy Studies. He is the author of the new book A Seat at the Table: The Making of Busboys and Poets.I've called Andy Shallal “democracy's restaurateur”, and he really fits the bill.Ralph NaderActivism is the best antidote to depression. It's really hard to be able to sit back—and especially now with social media and everything else that's right at your fingertips, to be able to watch the little babies being snipered and their limbs being chopped up. And it just feels so, so horrific. And the only way you can really be able to make sense of it—if there's any way to make sense of it—is to continue to fight for a better world.Andy ShallalSince, of course, October 7th opened up a whole new thing for activists and really exposed in a very stark way the myth of “Western civilization,” the idea of how obvious the lies and the deceit that's been happening, and the power of the military industrial complex that we've been warned about over the years I think [a new understanding is] taking shape right now, and we're starting to understand it more and more. And as I think we are trying to free Gaza and free Palestine, at the same time I think Gaza and Palestine are freeing us to be able to understand our system better.Andy ShallalOne of the things that I find is necessary for movements to be sustained is to have joy. You've got to have opportunities for joy. You got to have opportunities for people to actually have fun together, really feel like they're part of a community. Because a lot of times, the work we do isn't—well, it's soul-sucking work, you know, and you need to have those opportunities to be able to refuel and re-energize.Andy ShallalBennett Freeman is principal of Bennett Freeman Associates, where he advises multinational corporations, international institutions, and NGOs on policy and strategy related to human rights and labour rights. Mr. Freeman was founding chair of the advisory board for Global Witness (an investigative, campaigning organisation that challenges the power of climate-wrecking companies). He was also founding trustee of the Institute for Human Rights and Business, co-founder of the Corporate Human Rights Benchmark, and co-founder of the Global Network Initiative. He served on the governing board of the Natural Resource Governance Institute, as well as the board of Oxfam America. Mr. Freeman was the lead author of “Shared Space Under Pressure: Business Support for Civic Freedoms and Human Rights Defenders.”[Ralph,] you correctly characterize the silence and obeisance of much of corporate America (not least the tech CEOs) so far this year. I would use another pair of words as well to characterize their stance, which I think during the campaign last year in 2024 was: complacency, [and] I think the complacency now has become complicity in a dramatic, historic, democratic backsliding in the United States with the erosion of rule of law and our constitutional democracy.Bennett FreemanAt the end of the day, I'm much more interested in democratic governance based on rule of law and fair elections than I am in what corporate America has to say. But they have a stake now. And I think that those of us who have tried to promote corporate responsibility (and in Ralph's case and many others, to impose corporate accountability) have to continue this work. And we've got to engage corporate America without illusions, but with still aspirations to try to get them back to support—in a nonpartisan or bipartisan way—the fundamentals of what our country is supposed to be about.Bennett FreemanNews 10/10/25* Two polls came out this past week which reveal key data points about Americans' views on Israel. First, a Washington Post poll of American Jews, published October 6th and covering September 2-9th, shows that 61% say Israel has committed “war crimes against Palestinians in Gaza.” This nearly two-thirds majority should put the lie to the canard that American Jews monolithically support Israel's actions in Gaza. They don't. Furthermore, 39% say Israel has committed “Genocide against Palestinians in Gaza.” Some contend these numbers might be higher if the question was worded slightly differently, for example asking in the present tense whether Israel is committing genocide, rather than in the past tense. Regardless, while this result is slightly less than a majority, it certainly proves that a substantial share of American Jews do believe that Isreal is guilty of the crime of genocide. Astute politicians should take note.* Another survey that shrewd pols should consider is the Institute for Middle East Understanding Policy Project (IMEU) poll released October 3rd. In this poll, 43% of respondents identified “U.S. foreign policy and relations with Israel” as an issue that will play a role in their 2026 Democratic primary vote. As for more ambitious Democrats, 71% said they would be more likely to vote for “A candidate for president who voted to withhold weapons to Israel,” compared to just 10% who said the same about “A candidate who voted against withholding weapons to Israel.” The numbers are cut and dried.* Last week, CBS confirmed that Israeli Prime Minister Netanyahu “directly approved military operations on two vessels,” in the Global Sumud Flotilla carrying aid to Gaza. According to this report, Netanyahu ordered Israeli forces to “[launch] drones from a submarine and [drop] incendiary devices onto the boats that were moored outside the Tunisian port of Sidi Bou Said.” As this report notes, “Under international humanitarian law and the law of armed conflict, the use of incendiary weapons against a civilian population or civilian objects is prohibited in all circumstances.” Put simply, this attack amounted to a war crime. In a statement, the Global Sumud Flotilla wrote “Confirmation of Israeli involvement…simply lay[s] bare a pattern of arrogance and impunity so grotesque that it cannot escape eventual reckoning.” The flotilla was intercepted off the coast of Gaza last week and over 400 activists were detained in Israeli custody. Many have alleged mistreatment, with Turkish activist Ersin Çelik claiming guards “dragged [Greta Thunberg] by her hair before our eyes, beat her, and forced her to kiss the Israeli flag.”* Unfortunately, this is the last news critical of Israel we can expect to see from CBS for a long time. On October 6th, CNN reported that Paramount will officially acquire The Free Press for $150 million and appoint its founder, Bari Weiss, the editor-in-chief of CBS News. This position was created specifically for Weiss. According to Paramount, in this role, Weiss will “shape editorial priorities, champion core values across platforms, and lead innovation in how the organization reports and delivers the news.” In an interview with Democracy Now!, journalist David Klion of the Nation and Jewish Currents, said Weiss, “has presented herself as a champion of free speech…But in reality, she has a 20-year history of suppressing speech that she finds objectionable, especially when it's speech championing the rights of Palestinians and criticizing the state of Israel.”* Meanwhile in Mexico, President Claudia Sheinbaum called for the immediate repatriation of the six Mexican nationals among the Gaza aid flotilla participants following their detention by Israeli forces, per Mexico News Daily. Following a speech by the Mexican president, the foreign ministry wrote that Mexican Embassy officials had gone to Ashdod, where the activists were being held, to “directly verify the conditions on the ground, request consular access, and ensure that … [the] safety and integrity [of the Mexicans] is respected, in accordance with applicable international law.” Notably, President Trump has made no such moves to publicly demand the return of, or even lawful treatment of, the Americans on board these vessels. Perhaps this is a contributing factor to Sheinbaum's stunning 78% approval in a recent El País poll, which shows her not just overwhelmingly popular among her own party's base but even among those registered to competing parties. According to this poll, 73% of PAN members, 72% of PRI members, 70% of MC members, and 59% of voters with no party preference approve of her performance in office. These numbers are frankly unimaginable in America, but so are the achievements Sheinbaum has delivered in her short time in power.* Turning to Congress, Representatives Mark Pocan, Pramila Jayapal and Jared Huffman have authored a letter expressing “grave concerns,” regarding President Trump's executive order designating “Antifa” as a Domestic Terrorist Organization, calling for the order and accompanying memorandum, known as NSPM-7 to be “immediately rescinded,” according to the related press release. In the letter, the members warn “the sweeping language and broad authority in these directives pose serious constitutional, statutory, and civil liberties risks, especially if used to target political dissent, protest, or ideological speech.” The members also note that the memo “characterizes ‘anti-capitalism' as a hallmark of violent behavior without explaining the term…[allowing] officials to potentially treat Americans as domestic terrorists for something as routine as organizing a local boycott or operating an employee-owned business.” Perhaps most critically, they write “These actions are illegal, and…We stand ready to take legislative action should you fail,” to rescind the order.* In St. Louis, former Congresswoman Cori Bush is running to take back her seat. Bush, who came to prominence as an activist during the 2014 Ferguson protests and eventually primaried 10-term incumbent Congressman Lacy Clay, was ousted in a close 2024 primary by prosecutor Wesley Bell. According to POLITICO, Bell received $8 million dollars from AIPAC during that campaign; the pro-Israel PAC had identified Bush, along with former Congressman Jamaal Bowman, as key targets because of their pro-Palestine positions.* Of course, for the time being, Congressional deadlock is keeping the federal government in a shutdown. One symptom of this shutdown surfaced in Los Angeles this week, when dozens of flights into and out of Hollywood Burbank Airport were delayed or canceled because its air traffic control tower was temporarily unstaffed, the LA Times reports. Staffing shortages also caused delays at Newark Liberty International Airport, Denver International Airport and Harry Reid International Airport in Las Vegas. This report added that the Federal Aviation Administration “warned of more disruption at airports due to staff shortages as a result of the government shutdown.” Nick Daniels, president of the National Air Traffic Controllers Association, said in a joint press conference with Transportation Secretary Sean Duffy, “We need to bring this shutdown to a close, so that the [FAA] and the committed aviation safety professionals can put this distraction behind us and completely focus on their vital work…We do not have the luxury of time.”* More troubling signs are emerging in the economy as well. For months now, analysts have warned that the U.S. is not just on the brink of a recession, but rather already in one – it is just being masked by the massive speculative bubble of AI. Back in August, Axios reported that “excitement over artificial intelligence…is clouding recessionary signals in more cyclical corners of the market,” citing longer lengths of unemployment and slower hiring. Now, the AI bubble is reaching epic proportions. According to the Financial Times, “AI spending by companies now accounts for a 40 per cent share of US GDP growth this year,” while the Financial Post reports AI companies have accounted for 80 per cent of the gains in U.S. stocks so far in 2025. Given the market's reliance on AI speculation, the economic damage if that bubble bursts whilst the economy is on such unstable footing could be catastrophic.* Finally, for some good news, a new California law is aiming to regulate the noise level of advertisements on streaming services. The Guardian reports the new legislation, signed by Governor Gavin Newsom, “forces the powerful streaming platforms to comply with existing regulations that have barred television broadcasters from bombarding the eardrums of viewers with overly loud commercials since 2010.” According to this story, the bill was sponsored by State Senator Tom Umberg, whose newborn child was consistently awoken by overloud ads. As the Guardian notes, “Since so many of the streaming platforms are based in California, the new state bill could set a national standard and lower volumes across the country.” Rest assured industry will strike back at this law somehow, but it remains to be seen how they will argue for their right to blast ads at consumers at outrageous volumes.This has been Francesco DeSantis, with In Case You Haven't Heard. Get full access to Ralph Nader Radio Hour at www.ralphnaderradiohour.com/subscribe
Lee Hardman, Senior Currency Analyst, and Seiko Kataoka-Fisher, Director from Japanese Customer Sales for EMEA in London, discuss how positive US economic data surprises have been encouraging a stronger USD. Will the divergence between weak US employment growth and stronger US GDP growth continue in the week ahead?
On today's episode of the Alan Sanders Show, US GDP surges to 3.8% in Q2, signaling economic strength under Trump's policies. James Comey faces federal indictment for lying to Congress and obstructing justice, backed by declassified evidence from Tulsi Gabbard, Kash Patel, and Sen. Chuck Grassley exposing his role in anti-Trump lawfare. Shocking January 6 revelations confirm 275 FBI agents were embedded in the crowd, dwarfing prior reports. Trump's 100% tariffs on Big Pharma, effective October 1, aims to slash drug prices and boost domestic manufacturing. Join me for unfiltered analysis of these seismic shifts shaking Washington and the economy. Please take a moment to rate and review the show and then share the episode on social media. You can find me on Facebook, X, Instagram, GETTR, TRUTH Social and YouTube by searching for The Alan Sanders Show. And, consider becoming a sponsor of the show by visiting my Patreon page!
Carl Quintanilla, Sara Eisen, and David Faber kicked off the hour looking at the latest data on jobs and US GDP - before diving into what it all means for stocks with Piper Sandler's Chief Investment Strategist. Plus: the earnings names you need to know... Accenture CEO Julie Sweet joined the team to breakdown new numbers from her company, while one housing analyst joined Post 9 with his housing playbook following results out of KB Home. Also in focus: hear the latest reporting around a possible Tiktok deal today - and breaking news during the hour - a recap of the new Supreme Court amicus brief in support of Fed Governor Lisa Cook from every living former Fed Chair, many former Treasury Secretaries & even CEA chairs.Squawk on the Street Disclaimer Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.
Join OANDA Senior Market Analysts & podcast guest Nick Syiek (TraderNick) as they review the latest market news and moves. MarketPulse provides up-to-the-minute analysis on forex, commodities and indices from around the world. MarketPulse is an award-winning news site that delivers round-the-clock commentary on a wide range of asset classes, as well as in-depth insights into the major economic trends and events that impact the markets. The content produced on this site is for general information purposes only and should not be construed to be advice, invitation, inducement, offer, recommendation or solicitation for investment or disinvestment in any financial instrument. Opinions expressed herein are those of the authors and not necessarily those of OANDA or any of its affiliates, officers or directors. If you would like to reproduce or redistribute any of the content found on MarketPulse, please access the RSS feed or contact us at info@marketpulse.com. © 2023 OANDA Business Information & Services Inc
Abiel Reinhart joins Nora Szentivanyi to discuss the recent surge in tech-related business investment, its impact on US growth, and what it might mean for productivity gains. Tech investment accounted for about a third of US GDP growth––and much of the expansion in domestic final sales––in 1H25. While hyperscaler capex levels are expected to stay high in coming years, current growth rates are unlikely to be sustained, implying a smaller GDP contribution in 2026. We also discuss potential mismeasurement of tech investment in the GDP accounts. This podcast was recorded on September 23, 2025. This communication is provided for information purposes only. Institutional clients please visit www.jpmm.com/research/disclosures for important disclosures. © 2025 JPMorgan Chase & Co. All rights reserved.
Amazon has aggressively expanded its third-party logistics footprint. They opened their Multi-Channel Fulfillment service to merchants on rival platforms like Shein, Shopify, and Walmart, leveraging their scale to become the default logistics backbone for e-commerce. We analyze the major corporate reality shift in Less-Than-Truckload as FedEx Freight remains firmly on track to become an independent public company by June 2026, trading on the NYSE as FDXF. Despite a constrained LTL market due to a weak industrial economy, FedEx Freight announced a 5.9% general rate increase taking effect January 5th, driven by spin-off cost pressures and rising wages. The episode shares a stark economic warning of "profitless prosperity," which projects steady, slow expansion for US GDP and freight activity through 2029, yet requires operators to fight hard for margins. Persistent inflation is expected, fueled by factors like labor scarcity, fiscal deficits, and rising energy demand, making these rate increases likely to stick. Adding to the inflation headache, the weighted average U.S. tariff rate has climbed to 16.4%, the highest level seen since the 1930s, which is expected to generate 1.3% to 1.4% inflation. We also cover capacity dynamics, noting that while the Outbound Tender Rejection Index remains low (stuck just over 5%) signaling persistent excess capacity, capacity exits are expected to continue as smaller carriers struggle to afford replacing aging truck fleets. Finally, we address critical regulatory changes related to risk and driver welfare, starting with the Department of Transportation launching a major crackdown on cargo theft after a spike of more than 90% between 2021 and 2024. New legislation is also moving fast to ban predatory lease-purchase programs, which were concluded by an FMCSA task force to be "irredeemable tools of fraud and driver oppression" that shift the financial burden onto drivers. Learn more about your ad choices. Visit megaphone.fm/adchoices
AI investment is exploding: the “Magnificent Seven” of Apple, Microsoft, Google, Amazon, Meta, Tesla, and NVIDIA, are ploughing almost 7% of US GDP into AI and data centres. That's the same scale as the US housing boom in 2006, and greater than the dot-com bubble at its peak. Today, just seven firms make up 34% of the S&P 500, the highest concentration in history. Earnings per share in these companies grew 37% last year, compared to just 6% in the rest of the index. But history warns us, RCA in the 1920s, dot-coms in the 1990s, that transformative technologies can change the world while destroying fortunes. The question now: is AI the next revolution, or the next bubble waiting to burst? Hosted on Acast. See acast.com/privacy for more information.
Joe's Premium Subscription: www.standardgrain.comGrain Markets and Other Stuff Links-Apple PodcastsSpotifyTikTokYouTubeFutures and options trading involves risk of loss and is not suitable for everyone.0:00 Ag Economy6:57 Soybean Hit Piece9:58 SREs11:15 Grain Standards Act12:13 Cattle Selloff14:03 BLS Data (Jobs)
The AI Breakdown: Daily Artificial Intelligence News and Discussions
Meta, Microsoft, Google, and Amazon are pouring nearly $400B into AI infrastructure this year—more than the EU's defense budget and over 1% of US GDP. This wave rivals the fiber boom of the '90s and now outpaces consumer spending in driving US growth. Wall Street's tone has flipped, with Microsoft and Meta showing real AI revenue, while Google navigates supply limits and Amazon draws fire for moving slowly. It's a new era where infrastructure—not just code—defines dominance.Brought to you by:KPMG – Go to https://kpmg.com/ai to learn more about how KPMG can help you drive value with our AI solutions.Blitzy.com - Go to https://blitzy.com/ to build enterprise software in days, not months AGNTCY - The AGNTCY is an open-source collective dedicated to building the Internet of Agents, enabling AI agents to communicate and collaborate seamlessly across frameworks. Join a community of engineers focused on high-quality multi-agent software and support the initiative at agntcy.org Vanta - Simplify compliance - https://vanta.com/nlwPlumb - The automation platform for AI experts and consultants https://useplumb.com/The Agent Readiness Audit from Superintelligent - Go to https://besuper.ai/ to request your company's agent readiness score.The AI Daily Brief helps you understand the most important news and discussions in AI. Subscribe to the podcast version of The AI Daily Brief wherever you listen: https://pod.link/1680633614Subscribe to the newsletter: https://aidailybrief.beehiiv.com/Join our Discord: https://bit.ly/aibreakdownInterested in sponsoring the show? nlw@breakdown.network
Opinionated Design: Early Reactions to Apple's Liquid Glass Design Language Big Tech Is Dealing Flat Design a Death Blow Apple gets over its hang-ups, and the iPad enters a new era Apple Targets Spring 2026 for Release of Delayed Siri AI Upgrade Apple's de-chatbot-ification of AI is nearly complete Google launches Android 16, rolling out now to Pixel Google offers voluntary buyouts to US staff across several businesses and units, including the one housing its core search team and much of the ads organization IBM aims to build the world's first large-scale, error-corrected quantum computer by 2028 Blue Origin Delays Second New Glenn Launch Anne Wojcicki Wins Bidding for 23andMe Twenty-seven states and DC sue 23andMe to oppose the sale of DNA data from its customers without their direct consent YouTube says its ecosystem created 490K jobs and added $55B to the US GDP in 2024 God is hungry for Context: First thoughts on o3 pro Army reserve tech executives meta palantir Nintendo Switch 2 Is Fastest-Selling Game Console of All Time - Slashdot An Experimental New Dating Site Matches Singles Based on Their Browser Histories Anker recalls 1.1 million power banks due to fire hazard risk Local Malls Are Sitting Empty, and Becoming a Headache for Small Towns Bald eagle live cam update: Babies are leaving nest. What's next? Host: Leo Laporte Guests: Jason Hiner, Harry McCracken, and Jason Snell Download or subscribe to This Week in Tech at https://twit.tv/shows/this-week-in-tech Join Club TWiT for Ad-Free Podcasts! Support what you love and get ad-free shows, a members-only Discord, and behind-the-scenes access. Join today: https://twit.tv/clubtwit Sponsors: oracle.com/twit Melissa.com/twit drata.com/weekintech expressvpn.com/twit zscaler.com/security
Ryan and Emily discuss Trump bullies Amazon into major cave, US GDP shrinks amid tariffs, MAGA influencers go full cult in WH event, Trump falls for his own MS13 photoshop, US jet falls off ship dodging Houthi strikes, NYC woman attacked by Zionist mob speaks out, African journo says USAID does more harm than good. Chernoh Bah: https://www.amazon.com/Ebola-Outbreak-West-Africa-Multinationals/dp/0996973923 To become a Breaking Points Premium Member and watch/listen to the show AD FREE, uncut and 1 hour early visit: www.breakingpoints.com Merch Store: https://shop.breakingpoints.com/See omnystudio.com/listener for privacy information.
Tariff Announcement: President Trump announced a ten percent baseline tariff on virtually every country, with specific tariffs for individual countries ranging from ten to forty-nine percent. This is the highest rate of tariffs the United States has had in place since 1930. Political and Economic Implications: The announcement has caused anxiety and concern among people, with Democrats criticizing the move and Republicans defending it. The podcast discusses the potential outcomes, including the possibility of other countries lowering their tariffs in response, which could be beneficial for the American economy. Potential Risks: There are significant risks if other countries retaliate with their own tariffs, leading to a trade war and increased inflation. The impact on various industries, such as the automotive industry, is discussed, with concerns about rising prices for both new and used cars. Economic Analysis: The Tax Foundation's analysis predicts that if the tariffs remain in effect, imports will fall by twenty-eight percent, and the US GDP will shrink by 0.8 percent over the next decade. The tariffs could result in a significant tax increase for American consumers. Political Consequences: The outcome of these tariffs could influence the 2026 midterm elections, with potential repercussions for the Republican party if the economy suffers. Senator Cruz expresses hope for a positive outcome but acknowledges the high risks involved. Please Hit Subscribe to this podcast Right Now. Also Please Subscribe to the 47 Morning Update with Ben Ferguson and the Ben Ferguson Show Podcast Wherever You get You're Podcasts. Thanks for Listening #seanhannity #hannity #marklevin #levin #charliekirk #megynkelly #tucker #tuckercarlson #glennbeck #benshapiro #shapiro #trump #sexton #bucksexton#rushlimbaugh #limbaugh #whitehouse #senate #congress #thehouse #democrats#republicans #conservative #senator #congressman #congressmen #congresswoman #capitol #president #vicepresident #POTUS #presidentoftheunitedstatesofamerica#SCOTUS #Supremecourt #DonaldTrump #PresidentDonaldTrump #DT #TedCruz #Benferguson #Verdict #justicecorrupted #UnwokeHowtoDefeatCulturalMarxisminAmericaYouTube: https://www.youtube.com/@VerdictwithTedCruzSee omnystudio.com/listener for privacy information.