Giving up beer to pay for gas?
Summary
Marketplace examines rising inflation and bond yields challenging new Fed Chair Kevin Warsh, alongside Cerebras’s blockbuster AI chip IPO. The episode highlights declining beer sales due to high gas prices and a former tech worker’s pivot to amplifier repair. Finally, it explores how Reddit horror stories are securing major Hollywood deals as the entertainment industry contracts.
Topics discussed
Sponsors and episode introduction
Inflation report: CPI, PPI, and rising costs
Bond market yields hit 5% and Fed pressure
Kevin Warsh's new role and Fed dynamics
Cerebras AI chipmaker's blockbuster IPO
Tech layoffs and a career switch to amp repair
Market numbers: Dow, Nasdaq, and S&P 500
Sponsors: Upwork and Gusto
Decline in beer and alcohol sales due to inflation
Hollywood buys horror stories from Reddit's No Sleep
Jerome Powell's final day as Fed chair
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