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, can Congress delegate its authority over trade and tariffs to the president? The Supreme Court questioned the Trump Administration’s argument that a statute passed by Congress gives the president the power to impose worldwide tariffs. But if the Court disagrees with the administration, who pays - and how much? And, New York City’s mayor-elect Zohran Mamdani vows to make the city more affordable, but business leaders say that it’s more complicated than it seems. Plus, Health and Human Services Secretary RFK Jr. claims doctors are reaping big profits from vaccines, but pediatricians say that’s far from the truth: high costs of running a practice, low reimbursement rates, and misinformation are pushing pediatricians to the brink. Later, why are Americans eating so much protein? President Trump reached a deal with drugmakers Eli Lilly and Novo Nordisk to make GLP-1s more accessible to more of the American population, and protein producers - new and old - could stand to gain.

This week, can Congress delegate its authority over trade and tariffs to the president? The Supreme Court questioned the Trump Administration&rsquo;s argument that a statute passed by Congress gives the president the power to impose worldwide tariffs. But if the Court disagrees with the administration, who pays - and how much? And, New York City&rsquo;s mayor-elect Zohran Mamdani vows to make the city more affordable, but business leaders say that it&rsquo;s more complicated than it seems. Plus, Health and Human Services Secretary RFK Jr. claims doctors are reaping big profits from vaccines, but pediatricians say that&rsquo;s far from the truth: high costs of running a practice, low reimbursement rates, and misinformation are pushing pediatricians to the brink. Later, why are Americans eating so much protein? President Trump reached a deal with drugmakers Eli Lilly and Novo Nordisk to make GLP-1s more accessible to more of the American population, and protein producers - new and old - could stand to gain.

Legality of Tariffs, Business Leaders on Mamdani, Pediatrics Under Pressure, Protein Boom

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/516846b6-72e5-4f7b-a384-b38e016c1423/transcript

This week, Former Treasury Secretary Lawrence H. Summers agrees with Fed Chair Powell’s reluctance to lock in a December rate cut. And, with new congressional momentum and a victory in midterm elections, Argentina’s President Javier Milei gets the electorate’s buy-in to continue economic reforms that have had mixed results. Plus, Geoffrey Hinton, the “Godfather of AI,” warns that the race to build smarter machines is outpacing efforts to control them, and that humanity must act before it’s too late. Later, will President Trump’s $100,000 H-1B visa fee actually solve the issues of misuse and poor pay, or will it starve the US of global talent?

This week, Former Treasury Secretary Lawrence H. Summers agrees with Fed Chair Powell&rsquo;s reluctance to lock in a December rate cut. And, with new congressional momentum and a victory in midterm elections, Argentina&rsquo;s President Javier Milei gets the electorate&rsquo;s buy-in to continue economic reforms that have had mixed results. Plus, Geoffrey Hinton, the &ldquo;Godfather of AI,&rdquo; warns that the race to build smarter machines is outpacing efforts to control them, and that humanity must act before it&rsquo;s too late. Later, will President Trump&rsquo;s $100,000 H-1B visa fee actually solve the issues of misuse and poor pay, or will it starve the US of global talent?

Larry Summers on the Fed, Argentina Elections, Hinton on AI, Trump’s H-1B Fee

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/52da19a9-bfe6-4876-9120-b38701401abf/transcript

This week, Arizona State University President Michael Crow explains how AI is reshaping the way students learn, teachers teach and universities prepare for the future. Leaders at Waabi, Penske, and the Port of Los Angeles explain how artificial intelligence could make supply chains faster, smarter, and more resilient. Plus, US tariffs and the end of AGOA have hit Lesotho’s textile industry hard. How can one of Africa’s smallest economies respond?. Later, why are billion-dollar startups waiting so long to go public?

This week, Arizona State University President Michael Crow explains how AI is reshaping the way students learn, teachers teach and universities prepare for the future. Leaders at Waabi, Penske, and the Port of Los Angeles explain how artificial intelligence could make supply chains faster, smarter, and more resilient. Plus, US tariffs and the end of AGOA have hit Lesotho&rsquo;s textile industry hard. How can one of Africa&rsquo;s smallest economies respond?. Later, why are billion-dollar startups waiting so long to go public?

AI in Higher Education and the Supply Chain, Trump’s Tariffs Hit Lesotho

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/a9b68862-e767-4caa-883b-b380013a1987/transcript

Blooomberg Wall Street Week - September 6th, 2024

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