Wall Street Week 07/19/2024

On this edition of Wall Street Week, Bank of America Chairman and CEO Brian Moynihan says he wants clear and consistent banking regulations. Former Federal Reserve Governor Daniel Tarullo tells us why we might not see final Basel III rules by the end of 2024. Willett Advisors Chairman and CEO Steve Rattner tells us why the "Trump trade" is gaining momentum. UC Berkeley Haas School of Business Professor Laura Tyson defines the threshold for productivity from generative AI, and Rep. French Hill of Arkansas tells us how Trump 2.0 will be different from the first term.
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[@nicklongo2939]

Laura Tyson's comparison of projected productivity benefits from AI to the productivity surge in the 1960's intrigued me. So I went looking for the causes of the productivity increases in the 1960's and found two articles, one of which referred to the building of the interstate highway system that followed World War 2, and the other to automation, especially automated production of consumer goods. So I don't really see a parallel to AI there. What was an interesting parallel however is that both these articles were written comparing the productivity boom of the 1990's to the 1960's, both including long periods of recession-less growth, which they attributed to the boom in technology that had taken place in the 1990's and both articles projecting further productivity gains and growth to come. These articles were published in January 2000 and February 2000. Not saying Laura Tyson is all wet, just sayin'.

[@dejabu24]

Trump is not against immigration , only illegal immigration , great show

[@danw6380]

Muslim ban? He is just getting the haters to hate. Nazi playbook.

[@karshingau]

支持黃容主持人，加油。✌️✌️✌️👍👍👍💯💯💯

[@aleksandrablinova7002]

Thank you for sharing your experience and knowledge about trading.😁

[@maximkonig6867]

Thank you David, as always great to have your show

[@Computertrading]

Is immigration the only way US population can grow?

[@SurefireMa156]

Immigration is the only reason why our population charts don’t look like a lot of other developed countries.

[@dipankarchatterjee9416]

Yes agree we all came floating by Ether. Or Scottie beamed us here with the permission of Native Americans.

[@SurefireMa156]

@@Computertrading the only reason the American population doesn’t look like other developed countries is because of immigration.

[@akshaymanglani7971]

The issue in the U.S. right now is that birth rates are quite slow and the much of the need laborforce/workforce now requires immigrants (both legal in white-collar/undocumented in blue collar) to fill those vacancies. Previously, we saw more and more women enter the force in the past 50 years to fill these vacancies but thats also falling short now. Immigration needs to be tackled very carefully with encouraging strong legal migration that enhances the productivity and labor-force needs of the United States to make the US not just bigger in terms of the population, but better/more productive as well.

[@mariamathews5312]

Berkeley equals woke elites. She never discussed cost of immigration only cheap labor. Every discussion should discuss trade offs.

[@danw6380]

Woke = Accepting the reality that other people actually matter. The problem is Reaganomics and low taxed billionaires, and untaxed corporations.

[@Sigmalicinius]

I’ve been watching these guys for a while now and not many of them know what they are talking about. 🤦🏻‍♂️

[@fordaysafterxmas]

Tariff will undoubtedly cause inflation (effectively a tax on the working consumer) and the fed will be forced to raise rates to keep price stable which slows growth and spending

[@rvpcqp]

That argument was already debunked in this program. Higher rates have not hurt the economy. ZIRP was an outlier. Rates are normalizing.

[@fordaysafterxmas]

Rates are normalizing if fed doesn’t raise them to stabilize price inflation, if new tariff is introduced, there’s will be more inflation

[@ImogenBrooks-p3v]

Can you help me which shopping site is the best? There are many sites.

Amazon', Duh!

[@hitpat6179]

'investors'?? lol... No, i think they called... violators!! How many violations did JPMORGAN have this week???

[@davidbeckwith1408]

Why is it when I'm not signed in my comment doesn't show, but when I sign in, lo and behold, there's my comment. CensorTube.

[@PatrickPutin-yy8ju]

While you work, your efforts are swelled up by men who went to college to figure how to get their hands on your money without doing any work

[@MikeBlatt-z9z]

So is, Laura Tyson say, open the boarders and give a pass to all the people who broke the law coming across the boarder? I wanna break some laws!! We can, I start?

[@MikeBlatt-z9z]

@islandhopper100 Great! I'll tell my college profs! D-Bag!

[@saedal-tamimi6053]

Laura Tyson . she talks like as if your audience are in the middle school

[@David-xb1ji]

Yes hard to listen to

[@rvpcqp]

That lady talking about tariffs forgot to mention they would only apply to foreign companies who refuse to manufacture in the US… oops, pesky details.

[@christidavis6182]

Wall Street Week 07/19/2024