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  • AI Spending Keeps the Economy Hot as Rates Rise

    AI Spending Keeps the Economy Hot as Rates Rise
    2026/09/29
    Interest rates are still climbing, mortgage rates have crossed 7.5%, and the labor market remains tight despite signs that some workers are struggling to find new jobs.

    Mike Armstrong and Paul Lane discuss why the bond market remains under pressure, how the AI buildout is keeping parts of the economy running hot, and why higher rates are hitting housing and traditional businesses harder than data centers and chipmakers. They also break down long-term unemployment, McKinsey’s warning that AI could force millions of workers into new roles, IRA mistakes that can be difficult to undo, Vail’s weak ski pass sales, falling birth rates, and the privacy trade-offs behind Meta’s Muse AI agent.
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    38 分
  • AI Bubble Fears Grow as Anthropic Prepares for an IPO

    AI Bubble Fears Grow as Anthropic Prepares for an IPO
    2026/10/15
    Wall Street is wrestling with two competing concerns: inflation is running hotter than expected, while growing doubts about the AI spending boom are putting pressure on tech stocks. Despite back-to-back inflation surprises, bond yields are falling as investors question what an AI slowdown could mean for the broader economy.

    Chuck Zodda and Mike Armstrong discuss why the AI boom is generating extraordinary profits for Wall Street, whether Anthropic's slowing revenue growth could complicate its planned IPO, and why CoreWeave's troubles are raising questions about investor appetite for AI companies. They also examine Nvidia CEO Jensen Huang's new warnings about AI safety and the need for U.S.-China cooperation, whether younger Americans should be changing jobs more frequently, how Compass Realty's off-market listings could limit competition in housing, and why the massive AI infrastructure buildout is creating an enormous demand for capital.
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    38 分
  • AI Keeps Lifting Earnings, But the Risks Are Growing

    AI Keeps Lifting Earnings, But the Risks Are Growing
    2026/09/30
    Stocks are rallying after a softer inflation report and stronger GDP revision, but the market’s strength still depends heavily on whether the AI boom can keep delivering.

    Paul Lane and Marc Fandetti discuss why stocks may look cheaper on forward earnings but more expensive when using longer-term valuation measures, and how much of the market’s expected profit growth depends on AI data center spending. They also break down Micron’s role in the AI chip supply chain, President Trump’s meeting with AI safety leaders, OpenAI’s security concerns, private investments entering 401(k) plans, and whether AI agents could disrupt banks by helping customers move deposits into higher-yielding accounts.
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    38 分
  • AI’s Risks Are Getting Harder to Ignore

    AI’s Risks Are Getting Harder to Ignore
    2026/10/08
    Oil prices are moving higher again, but the bigger debate is whether the rapid growth of artificial intelligence is creating risks that markets, regulators, and consumers are not prepared to handle.

    Chuck Zodda and Mike Armstrong discuss why energy prices remain vulnerable even as the latest Gulf hurricane may spare major refining capacity, and why AI’s risks deserve more than vague reassurances from tech leaders. They also break down massive debt deals tied to AI chip spending, whether the next year will be a make-or-break period for the AI buildout, the NFL’s push to regulate prediction markets as gambling, family lending strategies for high mortgage rates, the challenge of spotting AI-generated images, Paul LaMonica’s take on the trillion-dollar stock club, and why consumers should review medical bills carefully without wrecking their credit.
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    38 分
  • Oil Markets Still Aren’t Buying Relief

    Oil Markets Still Aren’t Buying Relief
    2026/10/01
    Oil is moving out of the Middle East again, but markets are still pricing in major risk as shipping costs surge, strategic reserves run low, and the conflict with Iran shows little sign of resolution.

    Mike Armstrong and Paul Lane discuss why oil prices remain elevated even as energy flows through the Strait of Hormuz improve, how diesel prices and shipping costs are feeding inflation concerns, and why the AI trade continues to dominate the U.S. economy despite higher interest rates. They also break down the latest AI safety debate, OpenAI’s copyright fight with publishers, why bonds have struggled for investors, how high mortgage rates are changing the homebuyer playbook, and what remote work is doing to downtown real estate.
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    39 分
  • Weak Jobs Report Leaves the Fed With a Tough Call

    Weak Jobs Report Leaves the Fed With a Tough Call
    2026/10/02
    Stocks rallied after a softer-than-expected jobs report, but the labor market slowdown raises new questions for the Fed as inflation remains elevated and long-term interest rates refuse to come down.

    Mike Armstrong and Marc Fandetti break down the latest jobs report, why unemployment ticked higher, and how the Fed may weigh slower job growth against persistent inflation. They also discuss why Treasury yields are still climbing, Michael Santoli’s view on AI spending and the market, whether retirees should rethink bonds after years of weak returns, Paul LaMonica’s breakdown of Micron and the memory chip boom, and why Congress’ Social Security “fix” falls far short of addressing the program’s real problems.
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    38 分
  • AI Spending Is Becoming Impossible to Budget

    AI Spending Is Becoming Impossible to Budget
    2026/10/05
    AI remains one of the biggest forces driving markets, but businesses are still trying to figure out what the technology will actually cost — and whether the spending can justify the hype.

    Chuck Zodda and Mike Armstrong discuss why NVIDIA’s valuation alone does not prove the AI rally is safe from bubble concerns, and why using AI inside a business can be far harder to budget than traditional software. They also break down why token-based pricing creates uncertainty, whether companies may eventually rely on cheaper open-source models, how estate plans can tear families apart when expectations are not clearly communicated, why high fuel prices are changing truck and SUV demand, and what the decline of in-person social habits says about American life.
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    38 分