Business
Wall Street Week – Full Show 09/02/2022
On this edition of Wall Street Week, Sonal Desai, Chief Investment Officer with Franklin Templeton Fixed Income, and Ellen Lee, Causeway Capitol Management Director & Fundamental Portfolio Manager, on the week in the markets. Former US Treasury Secretary Larry Summers on the August jobs report. And Jessica Caldwell of Edmunds on investing in the EV industry.
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“Bloomberg Crypto” covers the people, transactions, and technology shaping the world of decentralized finance. Today’s guests: Blockstream Co-Founder & CEO Adam Back, Chainalysis Head of Research Eric Jarine, Jito Labs COO & Chief Legal Officer Rebecca Rettig, and Franklin Templeton Head of Innovation Sandy Kaul.
YouTube Chapters:
00:00 Crypto Markets opens
02:50 Adam Back, Blockstream CEO, on Bitcoin and Liquid Network
05:04 Blockstream’s Liquid Network Hack
06:00 AI and Crypto Security Risks
07:46 Bitcoin’s Quantum Computing Risk
09:49 Bitcoin’s Market Maturity
11:00 Adam Back on Satoshi Nakamoto Rumors
13:27 Eric Jardine, Chainalysis, on AI Agent Crypto Payments
14:04 Rise of AI Micropayments
15:34 U.S. Leads Agentic Commerce
16:58 AI Payments vs. Traditional Payment Rails
18:51 Crypto Policy After the Clarity Act
20:10 SEC, CFTC and Future Crypto Regulation
20:50 Agentic Payments and Stablecoins
22:54 Political Exchange: Crypto and Washington
23:57 Rebecca Rettig, Jito Labs, on Crypto Regulation
25:18 SEC and CFTC Rules After the Midterms
26:44 Clarity Act and the Ethics Debate
28:35 Why the Clarity Act Failed
30:15 Token Moment: Sandy Kaul, Franklin Templeton
30:43 Franklin Templeton’s Tokenization Strategy
31:40 Tokenized Funds and Agentic Payments
32:46 Tokenization and Traditional Finance
33:51 Competition on Blockchain Rails
35:15 Who Will Lead Tokenized Finance?
36:39 JPMorgan Expands JPM Coin to Ethereum
37:31 JPM Coin vs. Stablecoins
38:36 JPMorgan’s Blockchain Position
39:18 Stablecoins Disrupt Money Transfers
40:39 Immigration and the Remittance Industry
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The Close brings you the latest news and analysis leading up to the final minutes and seconds before and after the closing bell on Wall Street. Today’s guests are Charles Schwab Chief Investment Strategist Liz Ann Sonders, IDC Senior Director, Data & Analytics Nabila Popal, Susquehanna Senior Equity Research Analyst Mehdi Hosseini, KPMG US Chair & CEO Tim Walsh, Envestnet CIO Dana D’Auria, Hirtle & Co Founder & Executive Chair Jon Hirtle, Gerber Kawasaki Wealth & Investment Management President & CEO Ross Gerber, Blue Sky Productions President John McElroy, & Porsche CEO Michael Leiters.
Chapters:
00:00:00 Bloomberg The Close
00:02:50 Liz Ann Sonders on AI, Bonds & Market Rotation
00:08:00 Fed Rate Hikes, Diversification & Investor Positioning
00:11:03 Smartphone Slump, Memory Chip Shortage & Rising Prices
00:16:00 KFC Drops Pepsi for Coke & Top Wall Street Calls
00:17:00 Top Calls
00:18:09 TSMC Earnings, AI Demand & the Chip Buildout
00:23:30 KPMG CEO on AI Investment & Corporate ROI
00:28:42 AI Jobs, Geopolitics & the CEO of the Future
00:32:14 Rocket Lab Delays Its Neutron Rocket
00:36:50 Markets Rebound as Treasury Yields Fall
00:41:06 Fed Chair Kevin Warsh, Inflation & Rate Policy
00:45:17 Closing Bell
00:50:37 Market Movers, J.B. Hunt Earnings & Consumer Pressure
00:54:03 Market Recap: Defensive Stocks & Falling Yields
00:57:30 John Hirtle on AI Investing & Portfolio Strategy
01:02:47 Private Markets, Venture Capital & Diversification
01:04:21 J.B. Hunt Earnings, Trucking & Driver Shortages
01:08:35 Tesla Roadster, SpaceX & Elon Musk’s Strategy
01:14:17 Tesla’s Future, Robotaxis & the Auto Industry
01:18:20 Porsche CEO Unveils New Supercar Above the 911
01:23:32 Porsche Pricing, China & Luxury Car Strategy
01:28:24 Porsche’s Transformation & Future Product Lineup
01:30:39 What to Watch: Tesla Roadster, Fed Chair & Economic Data
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Bloomberg Daybreak Europe is your essential morning viewing to stay ahead. Live from Brussels, we set the agenda for your day, catching you up with overnight markets news from the US and Asia. And we’ll tell you what matters for investors in Europe, giving you insight before trading begins.
On today’s show, AI jitters returned after the Korean data center firm Elice flopped on its stock market debut. Shares fell as much as 35% after its IPO, which raised $151 million.
Bloomberg has learnt that the AI cloud computing firm Nscale is in talks to sell computing power to Anthropic, in a deal that could be worth about $45 billion.
The German Chancellor Friedrich Merz has warned against complacency over the dangers posed by Russia, saying that President Putin is seeking to undermine democracy in Europe.
And tougher security measures, including an 11pm curfew in some parts of Paris and other cities, appear to have quelled violent protests in France for now. But unions have called for a strike next month, with more demonstrations planned for this Saturday.
Today’s guest: Ana Boata, Allianz Trade, Head of Economic Research
Chapters:
00:00:00 – Daybreak Europe
00:01:39 – Elice’s 33% Debut Plunge Rekindles Doubts Over AI Spending Boom
00:03:19 – Japan 20-Year Bond Sale Sees Record Demand
00:07:21 – Nscale, Anthropic in Talks for $45 Billion Cloud Computing Deal
00:12:49 – Merz Warns Europe That It’s Underestimating the Russian Threat
00:18:31 – French Unrest Tapers Off After Security Measures Imposed
00:27:46 – Ana Boata, Allianz Trade, Head of Economic Research
00:34:39 – Ukraine Suspects US Blocking Intelligence on Russian Attacks
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Fed Chairman Kevin Warsh described AI as potentially the most consequential change to the US and global economy in his lifetime, calling it a positive supply shock over the medium term. He spoke at an IMF event moderated by IMF Chief Kristalina Georgieva in Bangkok, Thailand.
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Once-simple airline rewards programs have morphed into a convoluted system that makes it harder for customers to land deals.
Allyson Versprille explains why the airline rewards game is getting tougher to win
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@josefon96
January 20, 2024 at 4:06 pm
They interrupt Sonal and Ellen a bit too much in my opinion
@annnieilunga7315
January 20, 2024 at 4:06 pm
Bonjour moi aussi je vais gagné car c est importent pour moi
@simonkaplan315
January 20, 2024 at 4:06 pm
Matt Miller is really not qualified to host this show.
@miawhitlock9140
January 20, 2024 at 4:06 pm
Transfer of wealth usually occur during market crash, I've been looking up strategies and apparently both bull and bear market condition provides equal avenue to accrue massive gains, and a news article particularly mentioned a 54 year old that made $180k in 8weeks, how do I learn these strategies, my portfolio has been stagnant for months.
@williamtucker9767
January 20, 2024 at 4:06 pm
Globalization is not good for anyone. Internal legislation is good for our economy. We need to go back to the old market. By American build American and produce in America. We do not produce anything all we do is service what we already have nothing more nothing less.
@williamtucker9767
January 20, 2024 at 4:06 pm
It’s never going to work
@williamtucker9767
January 20, 2024 at 4:06 pm
Investing in China is not good for you
@shangpush
January 20, 2024 at 4:06 pm
Mr. Summers overlooks this: the result of free trade has been the loss of manufacturing jobs in the Rust Belt. Chicago, Detroit, Cleveland and more have endured decades of decline, broken homes, and rising crime. "We don't make that any more." And with that perhaps manufacturing and blue-collar employment has now been shunned. Our pool of workers willing and able to participate in the jobs tied to the reindustrialization of America is now small. I hope Mr. Summers can turn his brilliant mind toward reinvigorating our public schools with a strong, government-sponsored STEM curriculum. We have 11 million job openings now. If we are to find the workers able to fill these slots, it is mandatory we recreate and upgrade our public schools.
@jasonteddy5302
January 20, 2024 at 4:06 pm
Ground up multi power supply plant and facility energy assurance geothermal steam and or natural gas well to power it and cool and heart the facility and make it far more efficient and independent from the grid or could feed energy into the grid where possible.. how many multi billion ultra modern factory facilities with the best tech and machineries facilities can we aquire for 10 billion dollars.. what would a billion dollars per steel mill and advanced metallurgical production plant or plants.. ? Would there be enough women to fully staff and fill all of the positions nessesary if taken from the best schools and businesses similar globally, all women only companies.. ?
10 billion dollar agricultural start up in each nation, all women with the best women vetrinarians and herd stocks and grazing lands, collected for and funded by women workers and investors and stock and bonds trader groups .. .. I think it is possible .
@aai2184
January 20, 2024 at 4:06 pm
Great content. What is govt int expense with rates at 3.5%, 4%, 4.5% Fed funds rate?
@robertwnorrisii9143
January 20, 2024 at 4:06 pm
Prob Bets on Madam Hyde’s Husband not appreciating her Wardrobe traded higher WoW. F.Y.I 411
@johnkerner6553
January 20, 2024 at 4:06 pm
Best back up team
@rayterrell6442
January 20, 2024 at 4:06 pm
Caroline Hyde can handle the host role alone better. Matt is out of his league. They clearly needed to be directing the traffic of the conversation better instead of allowing the trampling to run wild.
@user-hs4bo1hj7j
January 20, 2024 at 4:06 pm
Support ctzn24
@titusp9488
January 20, 2024 at 4:06 pm
40:20 Larry Summers represent the mentality that lead into WWII . Gorbachev failed USSR / Russia as a leader, his naivete and hope lead to the decline of the Russians & eastern block. For decades the west expand further and the claim of the GREAT SURRENDER makes leaders like Putin rise to power. Pride is the greatest sin for a reason : Larry's denial effectiveness of the FED and ignorance over Russian psyche will cause more pain in the coming years.
@candacejourdan6041
January 20, 2024 at 4:06 pm
Missed DAVID WESTIN!!! Hope he's back soon!
@Angie-in8wc
January 20, 2024 at 4:06 pm
The male host that kept interrupting Sonal at the beginning of the interview was really annoying. I wanted to hear what she had to say on this topics.
@dirthgr
January 20, 2024 at 4:06 pm
David Westin is good, no question there. BUT, Matt Miller and Catherine Hyde have done a seriously credible job filling in. Great job of following the thread of the dialogue and digging in deeper with relevant follow on questions with Sonali and Ellen to further illuminate key points!
@shawncharles3478
January 20, 2024 at 4:06 pm
Weak Bias BS reporting. Put the numbers up of year to date 2022 EV sales……Tesla 574,743…. What are GM's numbers?
@Haryazz
January 20, 2024 at 4:06 pm
TheyTook away the Buy button, they wanted the movie theater industry to fail and used a global pandemic to facilitate it. instead of shorting it out of existence they could have used that money to save the industry. now you pay for being soulless. HAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAH
@dickoms
January 20, 2024 at 4:06 pm
Give up you lost
@robertallan4489
January 20, 2024 at 4:06 pm
With payroll tax collections declining the jobs report seems out of wack.
@cortlandjdmayberryshraderm9619
January 20, 2024 at 4:06 pm
It's nice and important to to have the workforce participation rate go up however it needs to go even higher even though the workforce participation rate has been low for things like child care or homeschool or other types of home Care there's still many out there that can readily return to the workforce therefore helping to alleviate the supply chain issues in tight labor market but the workplace needs to be an enticing place for them as well as the customer
@cortlandjdmayberryshraderm9619
January 20, 2024 at 4:06 pm
Another nice duet I liked the other duet as well from a few weeks ago and I'm also glad to see flashbacks from Lewis ruckauser
@titusp9488
January 20, 2024 at 4:06 pm
22:14 Juliet Sally can be judge by the her "cover" …. she reports China export likely slow indicate further economic weakness … she never brings up the number market expects. For almost 6 months … China has been producing double digit export growth even through the lock downs. Export is good indicator of global demand first then domestic ability to execute … its NOT an leading indicator strength for domestic growth. She always report with a bias and often tells half truths … her journalistic integrity is nearly zero.
@FreaksSpeaks
January 20, 2024 at 4:06 pm
What is the point talking about interest rate when central banks are lead by philosophy that has been proven completely wrong..
@vinimalvadeza2819
January 20, 2024 at 4:06 pm
Great video and some nice tips! This is a scary time for new investors but the best thing you can do is not to make decisions based on emotions. This could actually be a good time to buy more of your high conviction stocks or crypto on a discount. Wealth is created during bear markets, not bull markets. If your portfolio is really effecting your mental health then delete the app and go for a walk. Let the market do its thing and have a long time horizon. I buy and just trade long term more than ever, I have made over 16` btc from day trading with Anika Hobson Crypto in few weeks this is one of the best medium to backup your assets incase it goes bearish
@shockelites2887
January 20, 2024 at 4:06 pm
Click
@fuzzzeballs
January 20, 2024 at 4:06 pm
michael burry sold out
@serenitycoast
January 20, 2024 at 4:06 pm
Electric cars are too expensive for the majority of people. I sometimes work for Polestar great cars but the cheapest one starts ar£43,000 thats insane for me as I earn £20,000 a year. Thats over 2 years my earnings assuming i pay no tax and get everything else for free. On top of that in the UK we went from £0.28 per KW to £0.52 per PW so for go 200 miles its gone from costing £20 to about £40. My 2.0ltr insignia is more economical. When the government gets involved prices get pushed up so they shouldn't give tax back and they shouldn't offer incentives. Let the capital markets They certainly shouldnt give tax breaks to profitable companies who just borrow money for tax reasons like apple
@freakwifme
January 20, 2024 at 4:06 pm
I'm banking on Putin…
@garyblanken1929
January 20, 2024 at 4:06 pm
Good to see Matt Miller back.
@wescam2958
January 20, 2024 at 4:06 pm
Someone needs to do their homework. Why are payroll tax collections declining while new jobs figures keep reporting large new jobs filled? Something does not jell.