Tech Selloff Deepens as AI & Bitcoin Slide
The Close brings you the latest news and analysis leading up to the final minutes and seconds before and after the closing bell on Wall Street. Today’s guests are Wolfe Research Managing Director, Internet Equity Research Shweta Khajuria, Illumina CEO Jacob Thaysen, FuelCell Energy President & CEO Jason Few, Burger King US & Canada President Tom Curtis, Big3 CEO & Co-Founder Ice Cube, Citi Head of US Equity Strategy Scott Chronert, Man Group Chief Market Strategist Kristina Hooper, BTIG Chief Market Technician Jonathan Krinsky, New Balance President & CEO Joe Preston, PacSun CEO Briane Olson, & Muhammad Ali’s Wife Lonnie Ali & Authentic President of Entertainment Marc Rosen.
Chapters:
00:00:00 Bloomberg The Close
00:02:50 Amazon Earnings, AWS Growth & AI Spending
00:08:06 Amazon Retail, AI Capex & the Tech Outlook
00:11:00 Illumina CEO on Earnings, Genomics & Cancer Care
00:16:17 FuelCell Energy CEO on AI Data Center Power
00:22:42 Starbucks, Burger King & Restaurant Turnarounds
00:28:56 Burger King on Value, Menu Strategy & Store Remodels
00:33:01 Ice Cube on BIG3 Basketball & Growth
00:37:30 Citi on the AI Selloff, Capex & Investor Confidence
00:43:28 The Closing Bell
00:48:29 Intel, Reddit & Crypto Stocks Plunge
00:53:56 Tech Selloff, Defensive Stocks & What Comes Next
00:58:04 Man Group on AI Spending, Debt & Market Rotation
01:03:43 Midterms, Markets & the Economic Outlook
01:04:22 BTIG on Technical Levels & Market Selloff Risks
01:09:01 New Balance CEO on the NYC Marathon & Growth
01:14:13 New Balance on Athletes, Lifestyle & the Iconic 990
01:16:10 PacSun CEO on Gen Z, Gen Alpha & Retail Growth
01:22:26 Muhammad Ali’s Legacy & New Prime Video Series
01:27:58 Muhammad Ali, Social Justice & a New Generation
01:28:54 What to Watch
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