Snap’s “Crucible Moment” Flops On Wall Street
6/18/202629 min
Ed Elson is joined by Mark Gurman to discuss what investors thought about Snap's new AR Specs and what the launch says about the company's future. Then, Mark Zandi breaks down the Fed's latest interest rate decision and whether a rate hike is still on the table this year. Later, Vasant Dhar joins the show to explore what role AI should play in investing. Finally, Ed explains why he believes Snap's latest bet could be the final nail in the coffin for the company. Mark Gurman is the Managing Editor and Chief Correspondent for Bloomberg News. Mark Zandi, Chief Economist at Moody's Analytics. Vasant Dhar is a professor at NYU Stern, founder of SCT Capital Management and author of Thinking With Machines. Subscribe to the Prof G Markets Youtube Channel Check out our latest Prof G Markets newsletter Follow Prof G Markets on Instagram Follow Ed on Instagram, X and Substack Follow Scott on Instagram Send us your questions or comments by emailing Markets@profgmedia.com Learn more about your ad choices. Visit podcastchoices.com/adchoices
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First 90 secondsSpeaker 10:00
[gentle music] Support for the show comes from Ferragamo. This Father's Day, Ferragamo presents their The Things I Have Learned From You collection, because a father's influence is reflected in the details, in the way they dress, in the appreciation of materials, and in making considered choices. These elements build over time and become part of a shared identity, and Ferragamo wants to highlight the style, assertiveness, and poise that are naturally showcased with the everyday moments between a father and the ones they love. Discover Ferragamo's Father's Day gifting selection at ferragamo.com or in store.
Ed Elson· Host0:31
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Speaker 11:06
[gentle music] Support for the show comes from VCX, the public ticker for private tech. The US stock market started history's greatest wave of wealth creation. From factory workers in Detroit to farmers in Omaha, anyone could own a piece of the great American companies. But today, our most innovative companies are staying private longer, which means everyday Americans