Ed Elson is joined by Gil Luria to break down earnings from Microsoft and Meta, and what the disparate results reveal about what’s next for the AI trade. Then, Mike Gapen returns to discuss the Federal Reserve’s interest rate decision and why he thinks rates might stay stagnant for the rest of the year. Finally, Ed gives his take on FIFA’s decision to sell its profits. Gil Luria is the Head of Technology Research at D.A. Davidson. Mike Gapen is the managing director and Chief U.S. Economist at Morgan Stanley. Subscribe to the Prof G Markets Youtube Channel Check out our latest Prof G Markets newsletter Follow Prof G Markets on Instagram Follow Ed on Instagram, X and Substack Follow Scott on Instagram Send us your questions or comments by emailing Markets@profgmedia.com Learn more about your ad choices. Visit podcastchoices.com/adchoices

Microsoft Soars, Meta Sinks: Has The AI Narrative Flipped?

Prof G Markets

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[SPEAKER_05] Can Europe defend itself without America? And what is Ukraine's path to victory? I'm John Feiner. And I'm Jake Sullivan. And we're the hosts of The Long Game, a weekly national security podcast. This week, Polish Deputy Prime Minister Radek Sikorski joins the show to break down the shifting transatlantic alliance and what comes next in Ukraine.

[SPEAKER_06] China, unlike us, actually could force Russia to end the war. But my guess is that the war suits China just fine. The episode's out now. Search for and follow The Long Game wherever you get your podcasts.

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[SPEAKER_04] Welcome to Prof G Markets. I'm Ed Elson. It is July 30th. Let's check in on yesterday's market vitals. The major indices fell sharply as President Trump vowed to resume strikes on Iran. He told Fox News, quote, we're going to beat the f*** out of them. Brent crude rose back above $90 per barrel. Meanwhile, the Federal Reserve held interest rates steady, sending stocks even lower.

Microsoft Soars, Meta Sinks: Has The AI Narrative Flipped?

Read the full transcript

The candid version is on a podcast,
not the earnings call.

Microsoft Soars, Meta Sinks: Has The AI Narrative Flipped?

Read the full transcript

The candid version is on a podcast, not the earnings call.

The candid version is on a podcast,
not the earnings call.