Investor Barry Knapp makes the case for a Fed rate cut with global yields back on the rise. FTC Andrew Ferguson on the agency’s new lawsuit against Amazon. Plus, an officer from electrical workers union, I.B.E.W., Local 26, tells us why data centers are “the best opportunity in generations for blue-collar workers to attain a portion of the American dream.”<br><br>Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Hike vs. Cut, FTC Chair on Amazon Lawsuit, and Why Electricians Love Data Centers 9/1/26

The Exchange

You're listening to The Exchange. Here's today's show.

Remember, we haven't been above 5% since October of 2023. Is it oil prices? Is it hawkishness from Fed Chair Warsh last week? Maybe it's a little bit of both. We will debate that. Plus, FTC Chair Andrew Ferguson joins us today fresh off his lawsuit against Amazon, saying the company made $20 billion in inflated revenues through an ad-bring scheme. Amazon argues customers benefited from their service.

And a once-in-a-generation opportunity to get into the middle class is how One Electrician's Union describes data centers and what they could mean for their industry. We'll talk about their concerns that the political backlash to data centers could interfere with that opportunity. But let's begin with these moves in oil as we're learning of new U.S. strikes in Iran after a tanker was hit going through the Strait of Hormuz. Eamon Javers is live in Washington with the latest. Eamon? Kelly, not a lot of additional detail here. What we've got comes from CENTCOM in the past hour.

They put out on social media that at noon Eastern time, U.S. forces began striking Iranian Islamic Revolutionary Guard Corps targets in Iran. The strikes, they say, follow recent attempted attacks by the IRGC against commercial shipping in the Strait of Hormuz and against American service members deployed to the region. No comment from the White House just yet on this.

We've reached out to them to see if we can get any clarification about just how extensive we expect this round of strikes to be, what the strategic objective here is, other than just sort of batting back at these Iranian missile launch sites that seem to still be able to hit vessels transiting the Strait of Hormuz.

Hike vs. Cut, FTC Chair on Amazon Lawsuit, and Why Electricians Love Data Centers 9/1/26

Read the full transcript

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

Hike vs. Cut, FTC Chair on Amazon Lawsuit, and Why Electricians Love Data Centers 9/1/26

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.