What Biden Dropping Out Means for Markets & The IT Outage That Halted Almost Everything
Digest
The podcast begins with a recap of recent news, including a failed assassination attempt on former President Trump, President Biden contracting COVID, and the largest IT outage in history. Joe Biden announced he was dropping out of the presidential race, citing pressure from fellow Democrats and concerns about his age. Vice President Kamala Harris is expected to be the Democratic nominee. The podcast then discusses the impact of the massive CrowdStrike outage that affected millions of Microsoft devices worldwide. The outage highlighted the reliance on Microsoft products and the potential vulnerabilities of large tech companies. The podcast explores the use of AI in China to create digital avatars of deceased loved ones, raising ethical questions about simulating real-life humans and the potential for emotional harm. Finally, the podcast previews the week ahead, including a hearing on the Secret Service's failure to prevent an assassination attempt on Trump, a flurry of earnings reports, and the Bitcoin conference in Nashville. The hosts also share their "Winners of the Weekend," highlighting the success of the new "Twister" movie and Bruce Springsteen's billionaire status.
Outlines
![](https://s3.castbox.fm/webstatic/images/book.5d108c35.png)
Recent News and Biden's Departure
The podcast recaps recent news, including a failed assassination attempt on former President Trump, President Biden contracting COVID, and the largest IT outage in history. Joe Biden announced he was dropping out of the presidential race, citing pressure from fellow Democrats and concerns about his age. Vice President Kamala Harris is expected to be the Democratic nominee.
![](https://s3.castbox.fm/webstatic/images/book.5d108c35.png)
CrowdStrike Outage and its Impact
The podcast discusses the impact of the massive CrowdStrike outage that affected millions of Microsoft devices worldwide. The outage highlighted the reliance on Microsoft products and the potential vulnerabilities of large tech companies.
![](https://s3.castbox.fm/webstatic/images/book.5d108c35.png)
AI and the Resurrecting of the Dead
The podcast explores the use of AI in China to create digital avatars of deceased loved ones. This trend raises ethical questions about simulating real-life humans and the potential for emotional harm.
![](https://s3.castbox.fm/webstatic/images/book.5d108c35.png)
Week Ahead: Secret Service Hearing, Earnings Reports, and the Bitcoin Conference
The podcast previews the week ahead, including a hearing on the Secret Service's failure to prevent an assassination attempt on Trump, a flurry of earnings reports, and the Bitcoin conference in Nashville.
Keywords
CrowdStrike
CrowdStrike is a cybersecurity firm that provides endpoint protection and threat intelligence services. The company was involved in a major IT outage in July 2023 that affected millions of Microsoft devices worldwide.
Kamala Harris
Kamala Harris is the current Vice President of the United States. She is expected to be the Democratic nominee for president in the 2024 election after Joe Biden dropped out of the race.
Silicon Intelligence
Silicon Intelligence is a Chinese company that creates AI chatbots that mimic a person's likeness and voice. The company's technology is being used to digitally clone people who have died.
Generative AI
Generative AI is a type of artificial intelligence that can create new content, such as text, images, and audio. Generative AI is being used in a variety of applications, including creating digital avatars of deceased loved ones.
Bitcoin Conference
The Bitcoin Conference is an annual event that brings together leaders in the cryptocurrency industry. The 2023 conference will be held in Nashville, Tennessee, and will feature a keynote address by former President Trump.
Bruce Springsteen
Bruce Springsteen is an American singer-songwriter and musician. He is known for his working-class anthems and his energetic live performances. Springsteen became a billionaire in 2023 after selling his music catalog to Sony.
Q&A
What was the impact of the CrowdStrike outage on businesses and governments?
The outage caused widespread disruption, affecting industries such as travel, healthcare, and finance. It highlighted the reliance on Microsoft products and the potential vulnerabilities of large tech companies.
What are the ethical concerns surrounding the use of AI to create digital avatars of deceased loved ones?
There are concerns about the potential for emotional harm, the accuracy of the simulations, and the exploitation of personal data.
What are some of the key events to watch for in the week ahead?
The week will feature a hearing on the Secret Service's failure to prevent an assassination attempt on Trump, a flurry of earnings reports, and the Bitcoin conference in Nashville.
What is the significance of Bruce Springsteen becoming a billionaire?
It highlights the growing trend of musicians achieving billionaire status through music catalog sales and other ventures. It also raises questions about the relationship between wealth and artistic integrity.
Show Notes
Episode 370: Neal and Toby discuss Joe Biden dropping out of the 2024 Presidential race and throwing his support behind VP Kamala Harris. The guys explain how this will impact markets, fundraising, and the significance of Biden releasing the statement on 'X' before anywhere else. Next, the biggest global IT outage ever happened over the weekend after an update from CrowdStrike went wrong and took out airlines, banks, 9-1-1 call centers and much more. Also, 'Twisters' raked it in at the box office and Bruce Springsteen is officially a billionaire. Then a Chinese company is creating AI Avatars to mimic deceased loved ones. And finally, what we are watching for this week.
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00:00 - Intro
02:50 - Joe Biden drops out
08:30 - Global IT Outage
14:30 - Winners of the weekend
21:00 - AI Avatars
24:00 Week ahead
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