Investors Question Kevin Warsh’s Credibility & People Are Talking Less?
Summary
The Fed held rates steady but sparked a bond market revolt as new Chair Kevin Warsh struggled to communicate his inflation strategy. Meta and Microsoft reported earnings, with investors punishing Meta for massive AI spending without a cloud business to monetize it, while rewarding Microsoft for strong Azure growth. The episode also covers an eBay settlement for harassing journalists, record aviation traffic, and a new Delta-DraftKings in-flight sports contest.
Topics discussed
eBay settles harassment lawsuit with journalists
Sponsor: Anthropic and Claude AI initiatives
Fed holds rates, markets revolt over Warsh's communication
Meta earnings: Massive AI spending concerns investors
Microsoft earnings: Strong AI monetization vs Meta
Sponsors: Ultra shoes, Cash App, and Ultra pouches
Neil's Numbers: Record aviation flights and Qantas test
Neil's Numbers: Daily marijuana use surpasses cigarettes
Neil's Numbers: Decline in daily spoken words
NYC Mayor's property tax list sparks backlash
Delta and DraftKings launch in-flight sports contest
Outro: Trivia night invitation and credits
Listen ad-free on Castria