Mag 7 sell-off, Wiz rejects Google, UBI, Kamala in, China's nuclear buildout, Sacks responds to PG
- Jul 26, 2024
- 1:39:26
- Full Episode
(0:00) Bestie intros: Nostracanis appears! (3:50) Wiz turns down Google's $23B offer, intends to IPO (13:30) CrowdStrike's rough week (17:51) Market update: Mag 7 sell-off? (22:47) Sam Altman's UBI study was a mixed bag (42:02) Succession IRL: Rupert Murdoch's children are in a legal battle over the future of his media empire (48:35) Biden out, Kamala in: Hot swap complete, speed-run primary subverted (1:03:08) Antisemitism rising, Josh Shapiro as a VP candidate (1:08:37) Sacks responds to smear campaign (1:26:46) Science Corner: China's nuclear buildout
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Referenced in the show: https://www.cnbc.com/2024/07/23/google-wiz-deal-dead.html https://cloudedjudgement.substack.com/p/clouded-judgement-71924-big-tech https://www.cnbc.com/2024/07/12/snowflake-shares-slip-after-att-says-hackers-accessed-data.html https://arstechnica.com/information-technology/2024/07/crowdstrike-blames-testing-bugs-for-security-update-that-took-down-8-5m-windows-pcs https://www.crowdstrike.com/blog/falcon-update-for-windows-hosts-technical-details https://www.cnn.com/2024/07/23/business/delta-flight-cancellations/index.html https://www.google.com/finance/quote/CRWD:NASDAQ https://www.google.com/finance/quote/SPY:NYSEARCA https://www.google.com/finance/quote/TSLA:NASDAQ https://www.cnbc.com/2024/07/23/alphabet-set-to-report-q2-earnings-results-after-the-bell.html https://www.google.com/finance/quote/VIX:INDEXCBOE https://public.websites.umich.edu/~mille/ORUS_Health.pdf https://www.nytimes.com/2024/07/24/business/media/rupert-murdoch-succession-fox.html https://apnews.com/article/fox-news-dominion-lawsuit-trial-trump-2020-0ac71f75acfacc52ea80b3e747fb0afe https://www.nytimes.com/interactive/2024/07/22/us/politics/kamala-harris-democrats-endorsement-list.html https://www.predictit.org/markets/detail/7057/Who-will-win-the-2024-Democratic-presidential-nomination https://thehill.com/homenews/campaign/4790684-kamala-harris-polls-donald-trump-wisconsin https://www.nytimes.com/2024/07/05/us/politics/biden-interview-stephanopoulos-abc.html https://www.politico.com/news/2024/07/03/biden-no-ones-pushing-me-out-00166497 https://www.axios.com/2024/07/23/inside-harris-sprint-democratic-nomination https://www.politico.com/news/2024/07/21/why-biden-dropped-out-00170106 https://apnews.com/article/biden-election-trump-democrats-329071c25dfaaae583b5f06184586267 https://x.com/JoeBiden/status/1815080881981190320 https://x.com/paulg/status/1816334112086712830 https://x.com/paulg/status/1771640321446683060 https://www.sec.gov/files/litigation/admin/2017/33-10429.pdf https://x.com/mwseibel/status/1816542692727488784
Brief Summary
China's new nuclear reactor technology poses a competitive threat to U.S. energy production, while Kamala Harris secures the Democratic nomination amid political upheaval.
Key points
- Google's Massive Offer. Whiz declines Google's $23 billion acquisition offer, raising eyebrows in the tech world.
- Cybersecurity Outage. CrowdStrike faces backlash after a major outage affects thousands of machines.
- Market Volatility. The stock market experiences its worst day since 2020 amid political turmoil.
- The Dangers of UBI. Critics argue that Universal Basic Income could lead to dependency and lack of motivation.
- Retirement Accounts for Kids. A proposal to give every child a retirement account to support their future.
- The Power Struggle of Inheritance. A discussion on the implications of family power struggles over inherited assets.
Episode highlights
- Google's Massive OfferWhiz declines Google's $23 billion acquisition offer, raising eyebrows in the tech world.“Wow, that's big time!”4:04Jul 26, 2024
- Cybersecurity OutageCrowdStrike faces backlash after a major outage affects thousands of machines.“They basically bricked them!”14:05Jul 26, 2024
- Market VolatilityThe stock market experiences its worst day since 2020 amid political turmoil.“The NASDAQ dropped 3.6%!”17:55Jul 26, 2024
- The Dangers of UBICritics argue that Universal Basic Income could lead to dependency and lack of motivation.“Handing people money doesn't solve poverty.”29:26Jul 26, 2024
- Retirement Accounts for KidsA proposal to give every child a retirement account to support their future.“I think that that's very humane and a right thing to do.”39:41Jul 26, 2024
- The Power Struggle of InheritanceA discussion on the implications of family power struggles over inherited assets.“It's clearly this is about power picked.”48:09Jul 26, 2024
- Kamala Harris as De Facto NomineeKamala Harris emerges as the leading candidate for the Democratic nomination after Biden's exit.“Harris already had the endorsement of enough delegates to secure the nomination.”49:25Jul 26, 2024
- Anti-Semitism in LeadershipA shocking revelation about the reluctance to elect Jewish leaders in current times.“Having a Jewish chair would be really difficult in this current climate.”1:03:34Jul 26, 2024
