Show Notes
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On this episode of The Weekly Wrap, Steve Eisman covers a pivotal week in markets. Google raised its AI capex to $205 billion, posted negative free cash flow, and saw its stock fall 7%, while Tesla was also down 14.5%. Steve also covers results from GE Vernova, Lockheed Martin, Moody's, Blackstone, and ServiceNow. He closes with two mailbags: One on whether banks belong in a portfolio that's already full of AI exposure, and one explaining the mechanics of the funding short.
00:00 - Intro
02:39 - Iran War Updates
03:00 - Moonshot Launches Kimi
03:25 - SpaceX
03:35 - Domino's & the K-Shaped Economy
04:24 - Equifax
06:18 - GM
06:50 - Northrop Grumman & Lockheed Martin
07:51 - GE Vernova
09:12 - Moody's
09:58 - Google
10:54 - Tesla
11:38 - IBM
12:27 - ServiceNow
13:29 - Blackstone
14:38 - The AI Story Has Shifted
15:56 - Intel
16:13 - Mailbag: Bank Stocks
18:06 - Mailbag: Shorting a Stock
19:25 - Outro
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