The AI Trade Just Got A Warning From Meta
7/2/202641 min
Ed Elson is joined by Ed Zitron to break down Meta’s move to sell its excess AI capacity and why it’s a bad sign for the AI bubble. Then, Melissa Murray joins the show to discuss the Supreme Court’s latest decisions and what they mean for the future of the country. Finally, Ed gives his take on Trump’s personal financial disclosures.
Ed Zitron is the author of the Where’s Your Ed At Newsletter, and the Better Offline Podcast. Melissa Murray is a professor at NYU Law and co-host of the Strict Scrutiny Podcast.
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First 90 secondsSpeaker 10:00
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Robin Arzon0:20
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Speaker 3· Soundbite0:46
[upbeat music] Money markets massive. If money is evil, then that building is hell. The show goes on! [cheering] The folks in there watch and so, so...
Ed Elson· Host1:02
Welcome to Profit Markets. I'm Ed Elson. It is July second. Let's check in on yesterday's Market Vitals. The Dow was roughly flat to start the third quarter. Meanwhile, chip stocks dragged the Nasdaq and the S&P five hundred into the red. Brent crude dropped as the US signaled talks with Iran were productive. And the yield on ten-year Treasuries rose after Fed Chair Wash said inflation was, quote, "too high."