Bessent's yen bet, cold Argentine data centers set, and the summer box office net
Summary
This episode examines the US Treasury's intervention in currency markets to support the Japanese yen, a move aimed at preventing Japan from selling US Treasuries and spiking borrowing costs. The hosts also explore OpenAI’s plan to build a $25 billion data center in Patagonia, leveraging the region’s cold climate to reduce cooling expenses. Finally, they analyze the record-breaking $4.76 billion summer box office, noting that while ticket sales remain below pre-pandemic levels, higher prices and premium formats are driving revenue for struggling theater chains.
Topics discussed
Intro and episode overview
Sponsor reads: Schwab, Capella, Mint Mobile
Treasury Secretary Bessent and Japanese Yen intervention
OpenAI's potential data center in Patagonia, Argentina
Record-breaking summer box office revenue
Theater economics, popcorn sales, and AMC strategy
AMC's new distribution venture and reruns
Outro and production credits
Sponsor reads: Schwab and Capella University
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