Market Reactions to Trump Shooting & Will the AI Bubble Burst?
Digest
The Morning Brew Daily Show begins with a discussion about the assassination attempt on former President Trump, exploring the reactions from the business world and the potential impact on his reelection chances. The show then delves into a Goldman Sachs report that questions the transformative potential of generative AI, suggesting it might be a bubble waiting to pop. The hosts also highlight the upcoming Amazon Prime Day, expected to generate $13.3 billion in spending. The show concludes with a look at the upcoming week's events, including the Republican National Convention, the launch of EA's College Football 25, and the 55th anniversary of the Apollo 11 mission.
Outlines
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Morning Brew Daily Show Intro & Sponsor Announcement
This Chapter introduces the hosts, Neil Fryman and Toby Howell, and announces the episode's sponsor, Indeed FutureWorks, an event for top talent leaders to discuss hiring solutions.
![](https://s3.castbox.fm/webstatic/images/book.5d108c35.png)
Trump Assassination Attempt & Business Reactions
This Chapter discusses the assassination attempt on former President Trump at a rally in Pennsylvania, highlighting the reactions from top US business leaders, including Tim Cook, Jeff Bezos, Elon Musk, and Bill Ackman. The chapter also explores the potential impact of the event on Trump's reelection chances and the prediction markets' assessment of his odds.
![](https://s3.castbox.fm/webstatic/images/book.5d108c35.png)
Goldman Sachs Questions AI Boom
This Chapter examines a Goldman Sachs report that raises concerns about the AI boom, questioning whether generative AI is truly transformative or just a bubble waiting to pop. The report highlights the lack of training data, the high cost of AI development, and the limited impact of AI on worker productivity.
![](https://s3.castbox.fm/webstatic/images/book.5d108c35.png)
Winners of the Weekend & Upcoming Events
This Chapter features the hosts' picks for the winners of the weekend, including Alec Baldwin, who was acquitted of involuntary manslaughter charges, and Spain, which had successful wins in golf, tennis, and soccer. The chapter also previews the week ahead, highlighting events like Amazon Prime Day, Q2 earnings season, and the launch of EA's College Football 25.
Keywords
Indeed FutureWorks
Indeed FutureWorks is an annual event hosted by Indeed, a leading job search platform. It brings together top talent leaders to discuss the latest trends in hiring, share best practices, and explore solutions to make hiring simpler, faster, and more human. The event features keynote speakers, panel discussions, and networking opportunities.
Generative AI
Generative AI refers to a type of artificial intelligence that can create new content, such as text, images, audio, and video. It is based on machine learning models that have been trained on massive datasets of existing content. Examples of generative AI include ChatGPT, DALL-E 2, and Stable Diffusion.
Amazon Prime Day
Amazon Prime Day is a two-day annual event hosted by Amazon, offering exclusive deals and discounts to Prime members. It is a major shopping event that generates significant revenue for Amazon and attracts millions of shoppers worldwide. Prime Day typically takes place in July.
Elon Musk
Elon Musk is a South African-born American entrepreneur and businessman. He is the founder, CEO, and Chief Engineer of SpaceX; early investor, CEO, and Product Architect of Tesla, Inc.; founder of The Boring Company; and co-founder of Neuralink and OpenAI. Musk is known for his ambitious projects and his outspoken views on technology, artificial intelligence, and space exploration.
Bill Ackman
Bill Ackman is an American hedge fund manager and investor. He is the founder and CEO of Pershing Square Capital Management, a hedge fund known for its activist investing strategies. Ackman is known for his high-profile investments and his outspoken views on the economy and markets.
Stegosaurus
Stegosaurus is a genus of herbivorous ornithischian dinosaur that lived in North America during the Late Jurassic Period. It is known for its distinctive plates along its back and its spiked tail. Stegosaurus fossils are relatively common, and they are often found in the Morrison Formation, a geological formation that spans several western US states.
Paris Olympics
The Paris Olympics, officially known as the Games of the XXXIII Olympiad, are scheduled to take place in Paris, France, from July 26 to August 11, 2024. The event will feature over 30 sports and will be the third time that Paris has hosted the Summer Olympics, after 1900 and 1924.
Prime Day
Prime Day is a two-day annual event hosted by Amazon, offering exclusive deals and discounts to Prime members. It is a major shopping event that generates significant revenue for Amazon and attracts millions of shoppers worldwide. Prime Day typically takes place in July.
EA Sports
EA Sports is a division of Electronic Arts, a video game publisher and developer. EA Sports is known for its sports video game franchises, including FIFA, Madden NFL, NBA Live, and NHL. The company has a long history of developing and publishing sports games, and its games are popular among gamers worldwide.
Apollo 11
Apollo 11 was the spaceflight that landed the first humans on the Moon. The mission was launched on July 16, 1969, and landed on the Moon on July 20, 1969. The crew consisted of Neil Armstrong, Buzz Aldrin, and Michael Collins. Armstrong and Aldrin became the first humans to walk on the Moon, while Collins remained in lunar orbit.
Q&A
What were the reactions from the business world to the assassination attempt on former President Trump?
Top US business leaders condemned the violence, with Tim Cook and Jeff Bezos expressing their disapproval. Elon Musk, who has been critical of Biden, fully endorsed Trump and his recovery. Bill Ackman also formally endorsed Trump and promised a detailed explanation for his decision.
What are the concerns raised by Goldman Sachs about the AI boom?
Goldman Sachs questions whether generative AI is truly transformative or just a bubble waiting to pop. They highlight the lack of training data, the high cost of AI development, and the limited impact of AI on worker productivity.
What are the key events to watch for in the upcoming week?
The upcoming week features events like Amazon Prime Day, Q2 earnings season, the launch of EA's College Football 25, and the 55th anniversary of the Apollo 11 mission.
What is the significance of the Stegosaurus fossil being auctioned off?
The Stegosaurus fossil, nicknamed Apex, is considered one of the best ever found, with an astonishing 80% completeness. It is expected to sell for up to $6 million, highlighting the surge in private dinosaur fossil collecting.
What are the concerns about the increasing popularity of private dinosaur fossil collecting?
Academics worry that the surge in private dinosaur fossil collecting will hinder scientific research and make it difficult for museums to acquire important materials.
What are the challenges facing the Paris Olympics regarding water quality?
The triathlon and distance swimming events are scheduled to be held in the Seine River, which has historically been polluted. Paris officials have been working to clean up the river, but there are concerns about water quality and potential backup plans in case of heavy rain.
What is the significance of Target no longer accepting personal checks?
Target's decision to stop accepting personal checks reflects the declining use of checks in the US. The move is driven by the low volume of check transactions and the desire to streamline checkout processes.
What is the significance of the launch of EA's College Football 25?
The launch of EA's College Football 25 marks the return of the popular video game franchise after a nine-year hiatus. The game is expected to be a major success, with significant hype and anticipation among gamers.
What is the significance of the 55th anniversary of the Apollo 11 mission?
The 55th anniversary of the Apollo 11 mission, which landed the first humans on the Moon, is a significant milestone in space exploration. The event will be commemorated with various events and celebrations around the world.
Show Notes
Episode 365: Neal and Toby recap the assassination attempt at a rally in PA that grazed but ultimately missed former President Trump and how the markets are reacting. Then, a group of Goldman Sachs strategists are concerned the AI tech boom may actually be a bubble that could burst, leaving investors skeptical about its true payoffs. Next, the weekend’s winners: Alec Baldwin and Spain. Plus, a stegosaurus up for auction is drawing much attention – and criticism. Meanwhile, the Seine River is becoming a symbol of Paris’ readiness to take on the Olympics. Lastly, the biggest news you need to know this week.
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00:00 - Get your MBD Shirt!
2:00 - Assassination attempt on Trump
7:00 - Is AI a bubble about to burst?
11:20 - Weekend winners: Alec Baldwin & Spain
17:10 - Dinosaur market booming
21:00 - Seine River clean up
23:45 - Week ahead
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