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 Duke University Professor of Finance Cam Harvey, Morningstar Senior Equity Analyst David Swartz, Philip Morris International Group CEO Jacek Olczak, Citi Wealth Head of Portfolio Advisory Jeanne Sun, RBC Capital Markets Software Equity Research Managing Director Rishi Jaluria, Janus Henderson Global Head, Client Portfolio Management Seth Meyer, SMAC Entertainment CEO & Co-Founder Constance Schwartz-Morini, DraftKings CEO Jason Robins, & Fanatics Betting & Gaming CEO Matt King.
Chapters:
00:00:00 Bloomberg The Close
00:03:42 Duke’s Cam Harvey on Rates, Inflation & Economic Growth
00:07:19 AI Investment, U.S. Growth & the $40 Trillion Debt Load
00:10:24 AI Capex, Data Centers & the Risks of Overinvestment
00:14:01 Oil Tops $107 as Middle East Supply Risks Intensify
00:17:21 Top Calls
00:19:05 Macy’s Turnaround, Consumer Pressure & Department Stores
00:22:38 Philip Morris CEO on the U.S. & Smokeless Products
00:26:00 Nicotine Pouches, Regulation & Philip Morris’ Smoke-Free Strategy
00:29:19 Philip Morris on Capital Allocation & Dividends
00:31:03 Oracle & Adobe Earnings Preview
00:35:18 Markets, Rising Rates & Closing Bell Countdown
00:38:20 Citi Wealth on Economic Resilience & Consumer Strength
00:41:11 AI Investing, Data Center Pushback & Energy Costs
00:43:05 Oracle, AI Spending
00:46:31 Market Selloff, Sector Moves & Defensive Positioning
00:50:34 Adobe Earnings & the Generative AI Challenge
00:55:09 Oracle Earnings Beat as Cloud Revenue Surges
00:58:20 Oracle’s AI Growth, Funding & Long-Term Risks
01:02:13 Financing the AI Boom & Oracle’s Debt Load
01:05:27 Data Center Demand & the Changing Credit Market
01:09:08 SMAC CEO on Athletes Becoming Business Empires
01:12:10 Sports Media, AI & the Growth of Women’s Sports
01:16:16 DraftKings CEO on Sports Betting & Prediction Markets
01:19:04 DraftKings on Regulation, Growth & Investor Concerns
01:22:08 Fanatics on Sports Betting & Market Share
01:24:24 Fanatics on Regulation, Prediction Markets & Responsible Gaming
01:28:30 What to Watch
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