On this edition of Wall Street Week, former US Treasury Secretary Lawrence H. Summers criticizes the idea of a US sovereign wealth fund. Former IBM chairman and CEO Sam Palmisano explains how Intel fell behind on the technology 
that it once dominated. RXR CEO Scott Rechler tells us how commercial real estate is bracing for a rates environment that might be higher forever, and Ford Foundation President Darren Walker talks about his legacy at the Ford Foundation. 

On this edition of Wall Street Week, former US Treasury Secretary Lawrence H. Summers criticizes the idea of a US sovereign wealth fund. Former IBM chairman and CEO Sam Palmisano explains how Intel fell behind on the technology  that it once dominated. RXR CEO Scott Rechler tells us how commercial real estate is bracing for a rates environment that might be higher forever, and Ford Foundation President Darren Walker talks about his legacy at the Ford Foundation.

Wall Street Week tells the stories of capitalism from around the world, hosted by David Westin in New York.

Wall Street Week tells the stories of capitalism from around the world, hosted by David Westin in New York.

David Westin speaks with top names in finance about the week's biggest issues on Wall Street.

Wall Street Week

Blooomberg Wall Street Week - September 6th, 2024

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/5b0e15a0-3cae-4936-b09c-b1e400014bff/transcript

This week, the Fed holds rate steady, anticipating greater uncertainty and higher prices amid the war in Iran. And AI is advancing fast, but real-world limits mean it may transform industries more gradually and less dramatically than many expect today. Plus, are US tariffs on Canada causing long-term economic harm, or are they resetting the relationship between two closely linked economies? Later, efforts to limit teen social media use are gaining momentum worldwide, but uneven enforcement is raising questions about their real impact.

This week, the Fed holds rate steady, anticipating greater uncertainty and higher prices amid the war in Iran. And AI is advancing fast, but real-world limits mean it may transform industries more gradually and less dramatically than many expect today. Plus, are US tariffs on Canada causing long-term economic harm, or are they resetting the relationship between two closely linked economies? Later, efforts to limit teen social media use are gaining momentum worldwide, but uneven enforcement is raising questions about their real impact.

Fed on Iran War, AI Expectations, US-Canada Trade War, Australia’s Social Media Restrictions

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/ee66f582-f946-4087-8c6b-b41301589d68/transcript

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/fe48927f-2ce7-4159-b144-b413013387e0/transcript

This week, Steven Rattner of Willett Advisors explains why the US labor market is softening and what tariffs, AI and stagflation risk could mean next. And as Europe prepares to spend more on defense, Sweden is emerging as an unlikely but crucial player in the continent’s push. Plus, private credit’s advantages are becoming vulnerabilities as some investors try to get their money out. Later, Nepal’s Gen Z protests toppled a government, and now the country’s voters are trying to turn that uprising into lasting change.

This week, Steven Rattner of Willett Advisors explains why the US labor market is softening and what tariffs, AI and stagflation risk could mean next. And as Europe prepares to spend more on defense, Sweden is emerging as an unlikely but crucial player in the continent&rsquo;s push. Plus, private credit&rsquo;s advantages are becoming vulnerabilities as some investors try to get their money out. Later, Nepal&rsquo;s Gen Z protests toppled a government, and now the country&rsquo;s voters are trying to turn that uprising into lasting change.

Soft US Jobs, Swedish Defense Spending, Private Credit Woes

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/8d13e3a7-ae44-41d4-bd8b-b40c010f72e2/transcript

Blooomberg Wall Street Week - September 6th, 2024

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