AI Jitters Spread to Asia, NYT: Rubio Says He'll Stay, More
Summary
A massive sell-off in U.S. equities, triggered by fears of tighter regulation on AI data centers, wiped out $2.3 trillion in market value and pushed the S&P 500 to its worst decline since April. The episode covers the resulting flight to safety in Treasury bonds, NVIDIA’s 9% drop, and congressional demands for a briefing on CEO Jensen Huang’s ties to China. Additionally, the show reports on California voters rejecting a billionaire tax, the impeachment of Defense Secretary Pete Hegseth, and the liquidation of Saudi-backed LIV Golf.
Topics discussed
Sponsor: ChatGPT for business expansion planning
Market sell-off driven by data center regulation fears
Fed rate hike odds and Cleveland Fed President comments
Rubio stays in administration; Nvidia CEO wealth drops
Lawmakers demand briefing on Nvidia's China ties
California voters reject billionaire tax proposal
Scalise warns on oversight; Hegseth impeachment moves
Hegseth defends himself; Iran nuclear proposal via Qatar
Saudi-backed LIV Golf to liquidate and shut down
Tech Minute: Peptides and the gray market for cognitive boosters
Sponsor: Chase Sapphire Reserve for Business
Sponsor: Empower Personal Dashboard
Sponsor: Underdog Fantasy digital card rips
Sponsor: Guardian Kids Bikes
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