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cover of episode Prof G Markets: Takeaways from the Second Debate + Does the US Need a Sovereign Wealth Fund?

Prof G Markets: Takeaways from the Second Debate + Does the US Need a Sovereign Wealth Fund?

2024/9/16
logo of podcast The Prof G Pod with Scott Galloway

The Prof G Pod with Scott Galloway

Chapters

Scott and Ed analyze recent economic data, including a drop in the consumer price index to 2.5% and a 4% rise in median household income. While acknowledging the positive trends, Scott emphasizes the uneven distribution of prosperity and advocates for raising the minimum wage to $25 to address income inequality.
  • Consumer Price Index at 2.5%, the lowest in three years
  • Median household income up 4% to over $80,000
  • 50% of American households earn less than $75,000 annually
  • One in five US children live in food-insecure homes

Shownotes Transcript

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Scott and Ed open the show by discussing recent inflation data, Oracle’s earnings, Wall Street’s decision to curb working hours for young bankers, and Open AI’s newest model. Then Scott shares his reactions to the President debate and breaks down business learnings from Kamala Harris’ performance. Ed predicts which stocks he thinks will benefit most from the Presidential race. Finally, Scott and Ed discuss a proposed sovereign wealth fund and explain why it seems unnecessary for the U.S. to have one.

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