PayPal Co-Founder and Affirm CEO Max Levchin says he is seeing consumers spending again and discusses the company post IPO.

Host: Carol Massar. Producer: Paul Brennan.

PayPal Co-Founder and Affirm CEO Max Levchin says he is seeing consumers spending again and discusses the company post IPO.Host: Carol Massar. Producer: Paul Brennan.

Listen for reporting from the magazine that helps global leaders stay ahead. Hosts Carol Massar and Tim Stenovec cover the changing world of money, power and technology. You can watch and listen to Businessweek LIVE on YouTube, weekdays from 2PM to 5PM ET: http://bit.ly/3vTiACF. 

Listen for reporting from the magazine that helps global leaders stay ahead. Hosts Carol Massar and Tim Stenovec cover the changing world of money, power and technology.&nbsp;You can watch and listen to Businessweek LIVE on YouTube, weekdays from 2PM to 5PM ET:&nbsp;<a href="http://bit.ly/3vTiACF">http://bit.ly/3vTiACF</a>.&nbsp;

Carol Massar and Tim Stenovec bring together the latest news from the world of business and finance and the interesting stories of global technology, politics, economics and more by harnessing the power of Bloomberg Businessweek reporters and editors.

Bloomberg Businessweek

Affirm CEO Sees 'Good Consumer Behavior'

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/82324644-714b-4fea-bc37-ae2b003cf56f/transcript

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF

Wall Street got a reality check as a bruising selloff in technology shares fueled concern the artificial-intelligence frenzy that has powered the equity bull market might be overblown. Disappointing tech results spurred the worst drop for stocks since June, with the Nasdaq 100 briefly crossing the threshold of a technical correction. The index sank 3.5% Friday.

On today's episode:
Kristine Aquino, Bloomberg News Markets Live Blog Managing Editor
Jeff Sprecher, Intercontinental Exchange CEO
Muyao Shen, Bloomberg News Crypto Reporter
Dan Sheridan, Brooks Running CEO

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF Wall Street got a reality check as a bruising selloff in technology shares fueled concern the artificial-intelligence frenzy that has powered the equity bull market might be overblown. Disappointing tech results spurred the worst drop for stocks since June, with the Nasdaq 100 briefly crossing the threshold of a technical correction. The index sank 3.5% Friday. On today's episode:
<ul>
<li>Kristine Aquino, Bloomberg News Markets Live Blog Managing Editor</li>
<li>Jeff Sprecher, Intercontinental Exchange CEO</li>
<li>Muyao Shen, Bloomberg News Crypto Reporter</li>
<li>Dan Sheridan, Brooks Running CEO</li>
</ul>

Nasdaq 100 Touches Correction as AI Trade Unwinds

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/2176a5bc-bea9-40e0-881c-b4f30170fdb9/transcript

Wall Street got a reality check as a bruising selloff in technology shares fueled concern the artificial-intelligence frenzy that has powered the equity bull market might be overblown. Disappointing tech results spurred the worst drop for stocks since June, with the Nasdaq 100 falling 3.5% and briefly crossing the threshold of a technical correction. Intel Corp. slid the most in over four decades as its outlook missed estimates. Amazon.com Inc. slipped 1.4% on greater capital spending. The S&P 500 dropped 1.8%, breaching its key 100-day moving average.

For a quick recap of a bruising trade for big tech and equities broadly, hosts Tim Stenovec and Jess Menton speak with Bloomberg Markets Live blog managing editor Kristine Aquino.

Wall Street got a reality check as a bruising selloff in technology shares fueled concern the artificial-intelligence frenzy that has powered the equity bull market might be overblown. Disappointing tech results spurred the worst drop for stocks since June, with the Nasdaq 100 falling 3.5% and briefly crossing the threshold of a technical correction. Intel Corp. slid the most in over four decades as its outlook missed estimates. Amazon.com Inc. slipped 1.4% on greater capital spending. The S&amp;P 500 dropped 1.8%, breaching its key 100-day moving average. For a quick recap of a bruising trade for big tech and equities broadly, hosts Tim Stenovec and Jess Menton speak with Bloomberg Markets Live blog managing editor Kristine Aquino.

Instant Reaction: Wall Street Gets AI Wake-Up Call with Deep Tech Selloff

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/5ab076f3-6d5d-4c8a-829a-b4f3015cb879/transcript

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF

Schwab president and CEO Rick Wurster said that AI integration is helping the company streamline operations and create 'new pathways to engage with clients' after the Schwab announced investment in AI startup Nevis. Wurster also commented on the AI investment landscape, saying that he is reassured that there isn't a bubble by AI related companies that are still fairly or undervalued.

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF
Schwab president and CEO Rick Wurster said that AI integration is helping the company streamline operations and create 'new pathways to engage with clients' after the Schwab announced investment in AI startup Nevis. Wurster also commented on the AI investment landscape, saying that he is reassured that there isn't a bubble by AI related companies that are still fairly or undervalued.

Schwab CEO: AI Creates New Pathways to Engage Clients

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/050e670c-5488-4075-a955-b4f201736a23/transcript

Affirm CEO Sees 'Good Consumer Behavior'

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