Ed Elson is joined by Gil Luria to discuss the global tech selloff and how SpaceX is fueling AI fears. Then, Arin Dube joins the show to break down his research on minimum wage increases and what it reveals about the path towards raising the federal minimum wage. Finally, Ed checks in on his SpaceX prediction. Gil Luria is the Head of Technology Research at D.A. Davidson. Arin Dube is the Provost Professor of Economics at the University of Massachusetts Amherst and author of The Wage Standard: What’s Wrong in the Labor Market and How to Fix It. 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

SpaceX Stock Just Crashed — Here’s Why

Prof G Markets

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**Podcast:** Prof G Markets

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[SPEAKER_A] Prof G Markets. I'm Ed Elson. It is June 24th. Let's check in on yesterday's market vitals. The major indices declined as tech stocks dropped around the world. More on that in a moment. Meanwhile, oil continued its decline, and finally, the dollar hit its highest level since November on growing expectations for rate hikes this year. Okay, what's happening? Tech stocks are selling off and the pain is hard to ignore. So far this week, the NASDAQ 100 is down roughly 4%, meaning that the index has shed over $1 trillion in the last 2 days alone. Chipmakers are among the hardest hit, with an index of semiconductor companies dropping 8% yesterday. The rout has gone global too, with Asian stocks taking a steeper dive. South Korea's Kospi is down 10% from near record highs. But the biggest drop we've seen was SpaceX. The company issued a $25 billion bond offering to finance its AI operations. And over the past 3 days, the stock has fallen around 20%. So for more on this latest drawdown in the tech market, we're speaking with Gil Luria, Head of Technology Resear...

SpaceX Stock Just Crashed — Here’s Why

Transcript

Built for investment professionals

Every day you wait, your competitors are finding
edge in conversations you're not hearing.

SpaceX Stock Just Crashed — Here’s Why

Transcript

Built for investment professionals

Every day you wait, your competitors are findingedge in conversations you're not hearing.

Every day you wait, your competitors are finding
edge in conversations you're not hearing.