Alan Kohler on why Trump’s war hasn’t spooked Wall Street
5/4/202615 min
The war in Iran is creating economic uncertainty around the world, with higher inflation putting pressure on central banks, including the RBA, to hike interest rates.
So, why are stocks still surging on Wall Street, driving the value of the world’s biggest sharemarkets to record highs?
Today the ABC’s finance expert Alan Kohler on why investors remain so optimistic and it’s got a lot to do with AI.
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Alan Kohler, ABC finance expert
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First 90 secondsSpeaker 00:00
[upbeat music] ABC Listen. Podcasts, radio, news, music, and more [upbeat music] Hello, I'm Fran Kelly, and every day on the Radio National Hour, I take a deep breath and dive in If you can have a chip implanted in your brain to help control traumatic memory, then all you have to do is drop the adjective traumatic, and it can control memory And he said, "Oh, well, we'll, we'll just take your stomach out."
Fran Kelly0:25
And in my head, I was like, "How do you live without a stomach?"
Speaker 20:28
[laughs] We're a funny species, Fran. You know, I think we're the only animal who seems to be hell-bent on their own destruction So if you wanna know how to live without a stomach or more about David Wenham's ideas for world peace, come find me on the Radio National Hour, right here on ABC Listen.
Sam Hawley· Host0:42
[upbeat music] The war in Iran is creating economic uncertainty around the world, higher inflation and pressure on central banks, including the RBA, to push up rates. So how are global stocks still surging, and why is Wall Street hitting record highs? Today, the ABC's finance expert, Alan Kohler, on why share markets remain so buoyant, and a clue, it's got a lot to do with AI. I'm Sam Hawley on Gadigal Land in Sydney. This is ABC NewsDaily.