TEK2day Podcast: Technology, Capital Markets, Entrepreneurship, Leadership, Corporate Governance. Check out our content at TEK2day.com
…
continue reading
![Artwork](/static/images/128pixel.png)
1
Ep. 496: $MSFT's 3,000x MVA to Gen AI Revenue Multiple
4:07
4:07
Spill senere
Spill senere
Lister
Lik
Likt
4:07
MSFT is enjoying a 3,000x MVA to Gen AI Revenue multiple. Read the full TEK2day article here: https://tek2day.substack.com/p/msfts-3000x-market-value-added-toWatch the YouTube version of this podcast episode here: https://youtu.be/465MY47xG6Q?feature=sharedAv TEK2day
…
continue reading
![Artwork](/static/images/128pixel.png)
1
Ep. 495: $MSFT Copilot: Show Me The Revenue
6:53
6:53
Spill senere
Spill senere
Lister
Lik
Likt
6:53
If Microsoft’s Gen AI effort is to be a success on the order of justifying MSFT’s share gains (up 87% since Dec 30th 2022), Copilot Pro ($20 per user per month) needs to be a success. Read the full article here: https://open.substack.com/pub/tek2day/p/microsoft-copilot-pro-show-me-the?r=1rp1p&utm_campaign=post&utm_medium=webWatch the YouTube versio…
…
continue reading
![Artwork](/static/images/128pixel.png)
1
Ep. 494: AI Rant and Microsoft Copilot
16:34
16:34
Spill senere
Spill senere
Lister
Lik
Likt
16:34
View the video version of this episode here on YouTube: https://youtu.be/0Lx7Njk4QLE?feature=sharedAv TEK2day
…
continue reading
![Artwork](/static/images/128pixel.png)
1
Ep. 493: Salesforce CEO Marc Benioff Should Not Believe His Own AI Hype
2:55
2:55
Spill senere
Spill senere
Lister
Lik
Likt
2:55
View the video version of this podcast here: https://youtu.be/wqQd88N0Mzw?feature=sharedAv TEK2day
…
continue reading
![Artwork](/static/images/128pixel.png)
1
Ep. 492: A 10% Yield on the 10-Year Treasury in 10 Years?
12:38
12:38
Spill senere
Spill senere
Lister
Lik
Likt
12:38
See the video version of this podcast episode here: https://youtu.be/w4fevzZutZ8?feature=sharedAv TEK2day
…
continue reading
Watch the YouTube version of this episode here: https://youtu.be/uf6E7YCPGi4?feature=sharedAv TEK2day
…
continue reading
![Artwork](/static/images/128pixel.png)
1
Ep. 490: Recessions Happen When Fed Funds Exceeds Personal Savings
14:09
14:09
Spill senere
Spill senere
Lister
Lik
Likt
14:09
See our related article here: https://open.substack.com/pub/tek2day/p/recessions-happen-when-fed-funds?r=1rp1p&utm_campaign=post&utm_medium=webAv TEK2day
…
continue reading
![Artwork](/static/images/128pixel.png)
1
Ep. 489: CPI and Inflating the Debt Away
23:40
23:40
Spill senere
Spill senere
Lister
Lik
Likt
23:40
Watch the video version of this episode here: https://youtu.be/9ZaFtnJaD58?feature=sharedRead the related TEK2day article here: https://open.substack.com/pub/tek2day/p/there-is-nothing-magical-about-the?r=1rp1p&utm_campaign=post&utm_medium=webAv TEK2day
…
continue reading
![Artwork](/static/images/128pixel.png)
1
Ep. 488: Adobe's Core Business Is Not Growing
4:05
4:05
Spill senere
Spill senere
Lister
Lik
Likt
4:05
View the YouTube version of this episode here: https://youtu.be/vXVAWgm8Ghs?feature=sharedRead the related TEK2day article here: https://open.substack.com/pub/tek2day/p/adobe-creative-cloud-is-not-growing?r=1rp1p&utm_campaign=post&utm_medium=webAv TEK2day
…
continue reading
![Artwork](/static/images/128pixel.png)
1
Ep. 487: What Could Change Investor Psychology?
15:50
15:50
Spill senere
Spill senere
Lister
Lik
Likt
15:50
View the YouTube version of this episode here: https://youtu.be/r4spPWX9U1Q?feature=sharedRead the related article here: https://open.substack.com/pub/tek2day/p/worst-case-for-the-economy-and-markets?r=1rp1p&utm_campaign=post&utm_medium=webAv TEK2day
…
continue reading
![Artwork](/static/images/128pixel.png)
1
Ep. 486: Bank Discount Window Borrowing Up 133%
6:29
6:29
Spill senere
Spill senere
Lister
Lik
Likt
6:29
See the YouTube version of this episode here: https://youtu.be/nlt71a6dnVI?feature=sharedRead the full article here: https://open.substack.com/pub/tek2day/p/fed-discount-window-borrowing-increased?r=1rp1p&utm_campaign=post&utm_medium=webAv TEK2day
…
continue reading
Watch the YouTube version here: https://youtu.be/jVcaKYGK_V0?feature=sharedAv TEK2day
…
continue reading
![Artwork](/static/images/128pixel.png)
1
Ep. 484: Where Is Gen AI End-User Demand?
5:41
5:41
Spill senere
Spill senere
Lister
Lik
Likt
5:41
Watch the YouTube version here: https://youtu.be/hSyrR5uZSUw?feature=sharedRead our related article here: https://open.substack.com/pub/tek2day/p/which-companies-are-generating-meaningful?r=1rp1p&utm_campaign=post&utm_medium=webAv TEK2day
…
continue reading
Unknowable outcomes bring Gen AI’s ROI into question.Av TEK2day
…
continue reading
The video version of this podcast is here: https://youtu.be/B1mF-zqklZY?feature=sharedOur related TEK2day article: The LLM Space Is Richly Valued Thanks To The Fed: https://open.substack.com/pub/tek2day/p/the-llm-space-is-richly-valued-thanks?r=1rp1p&utm_campaign=post&utm_medium=webRelated video: https://youtu.be/6g8Qi9AnjuM?feature=shared…
…
continue reading
View the video episode here: https://youtu.be/mOs873KLA8U?feature=sharedAv TEK2day
…
continue reading
![Artwork](/static/images/128pixel.png)
1
Ep. 479: Timing of Share Repurchases Could Be Better
9:17
9:17
Spill senere
Spill senere
Lister
Lik
Likt
9:17
View the video version of this podcast episode here: https://youtu.be/Zd30vLlKyJ8?feature=sharedRead the related article here: https://open.substack.com/pub/tek2day/p/execute-your-buyback-when-the-stock?r=1rp1p&utm_campaign=post&utm_medium=webAv TEK2day
…
continue reading
View the YouTube version of this podcast episode here: https://youtu.be/AbOfProg-AM?feature=sharedAv TEK2day
…
continue reading
View the YouTube version of this episode here: https://youtu.be/qaDYZSiKdFQ?feature=sharedAv TEK2day
…
continue reading
View the YouTube version of this episode here: https://youtu.be/REdvTVVVrr4?feature=sharedAv TEK2day
…
continue reading
![Artwork](/static/images/128pixel.png)
1
Ep. 475: Money Supply Growth Is A Better Inflation Barometer Than CPI
5:42
5:42
Spill senere
Spill senere
Lister
Lik
Likt
5:42
The video version of this episode may be found here: https://youtu.be/S3dXXtRGabc?feature=sharedAv TEK2day
…
continue reading
![Artwork](/static/images/128pixel.png)
1
Ep. 474: Jerome Powell Needs To Be Dr. No, Not Dr. Yes
9:02
9:02
Spill senere
Spill senere
Lister
Lik
Likt
9:02
Fed Chair Jerome Powell needs to channel Dr. No from the James Bond series. Powell needs to say “no” more often in order to help maintain the United States’ fiscal solvency (the U.S. of course is insolvent).Banks, CRE owners, PE firms, institutional and retail investors and of course the political class will all soon be clamoring for Powell to ease…
…
continue reading
![Artwork](/static/images/128pixel.png)
1
Ep. 473: FOMC Press Conference Reaction
29:05
29:05
Spill senere
Spill senere
Lister
Lik
Likt
29:05
Ep. 473: FOMC Press Conference Reaction by TEK2dayAv TEK2day
…
continue reading
Here is the related TEK2day article: https://open.substack.com/pub/tek2day/p/the-jobs-picture-is-not-rosy?r=1rp1p&utm_campaign=post&utm_medium=webAv TEK2day
…
continue reading
![Artwork](/static/images/128pixel.png)
1
Ep. 471: Markets Need to Pay Attention to Bank Borrowing at The Fed’s Discount Window in March
8:58
8:58
Spill senere
Spill senere
Lister
Lik
Likt
8:58
Weekly Update: Bank Term Funding Program: https://tek2day.substack.com/p/weekly-update-bank-term-funding-program-1d3Av TEK2day
…
continue reading
![Artwork](/static/images/128pixel.png)
1
Ep. 470: The Fed Will Cut Rates Quickly If It Allows The BTFP To Expire
3:26
3:26
Spill senere
Spill senere
Lister
Lik
Likt
3:26
Weekly Update: Bank Term Funding Program: https://open.substack.com/pub/tek2day/p/weekly-update-bank-term-funding-program-9a7?r=1rp1p&utm_campaign=post&utm_medium=webThe Fed’s Balance Sheet Reduction (QT) Update: https://open.substack.com/pub/tek2day/p/the-feds-balance-sheet-reduction-cd4?r=1rp1p&utm_campaign=post&utm_medium=web…
…
continue reading
![Artwork](/static/images/128pixel.png)
1
Ep. 469: How The @NFL Should Leverage Streaming To Grow Audience
9:34
9:34
Spill senere
Spill senere
Lister
Lik
Likt
9:34
Related TEK2day article: "The NFL Is Making A Strategic Mistake:"https://open.substack.com/pub/tek2day/p/the-nfl-is-making-a-strategic-mistake?r=1rp1p&utm_campaign=post&utm_medium=webAv TEK2day
…
continue reading
![Artwork](/static/images/128pixel.png)
1
Ep. 468: BofA CEO Brian Moynihan Ought To Be Fired
4:30
4:30
Spill senere
Spill senere
Lister
Lik
Likt
4:30
Here is our related TEK2day article: https://open.substack.com/pub/tek2day/p/bofas-unrealized-losses-taper?r=1rp1p&utm_campaign=post&utm_medium=webAv TEK2day
…
continue reading
![Artwork](/static/images/128pixel.png)
1
Ep. 467: Robert Kraft Handles Belichick Deal with Class. Part II: Streaming M&A
15:49
15:49
Spill senere
Spill senere
Lister
Lik
Likt
15:49
Here is the YouTube video I referenced: https://youtu.be/A2aoS00Wqog?feature=sharedHere is our related TEK2day article: https://open.substack.com/pub/tek2day/p/the-second-tier-media-companies-are?r=1rp1p&utm_campaign=post&utm_medium=webAv TEK2day
…
continue reading
Subscribe to our YouTube channel here: https://www.youtube.com/@TEK2dayWe cover recent TEK2day articles around CPI, the Bank Term Funding Program (BTFP) and stagflation. CPI: Prices Will Remain Stubbornly High Unless Unemployment Increases: https://open.substack.com/pub/tek2day/p/cpi-prices-will-remain-stubbornly?r=1rp1p&utm_campaign=post&utm_mediu…
…
continue reading
![Artwork](/static/images/128pixel.png)
1
Ep. 465: Jobs Data - If The Government Says It's Sunny, You Know It's Raining
1:47
1:47
Spill senere
Spill senere
Lister
Lik
Likt
1:47
Subscribe to the YouTube version of the podcast here: https://www.youtube.com/@TEK2dayThe article I reference is here: https://open.substack.com/pub/tek2day/p/jobs-data-if-the-government-says?r=1rp1p&utm_campaign=post&utm_medium=webAv TEK2day
…
continue reading
![Artwork](/static/images/128pixel.png)
1
Ep. 464: GenAI Is Largely an Infrastructure Play Today
8:07
8:07
Spill senere
Spill senere
Lister
Lik
Likt
8:07
Most of today’s GenAI economics is at the infrastructure layer – whether it be money paid for AI chips, or money invested in the development of large language models (LLMs) or money paid for the right to license LLMs for inclusion in various applications. However, we are not at the point where users are demanding that various applications incorpora…
…
continue reading
![Artwork](/static/images/128pixel.png)
1
Ep. 463: 2024 Will Be Anything But Boring
11:34
11:34
Spill senere
Spill senere
Lister
Lik
Likt
11:34
Some thoughts about 2024:Companies will provide conservative 2024 outlooks when they report Q4 results later this month and early next month.The Fed will likely renew its Bank Term Funding Program, further backstopping bank balance sheets against unrealized losses.The Fed will reinflate bond prices and asset prices in general as it cuts rates and e…
…
continue reading
The Fed won’t allow the BTFP to expire on March 11th without first re-inflating the bond market.The banking industry had $684 billion of unrealized losses on the books at the end of Q3. Bank of America alone had $132 billion of unrealized losses on held-to-maturity securities, $107 billion of which were mortgage-backed securities at a yield of 2.12…
…
continue reading
![Artwork](/static/images/128pixel.png)
1
Ep. 461: High Yield Credit Spreads Need To Widen
2:45
2:45
Spill senere
Spill senere
Lister
Lik
Likt
2:45
Economic conditions are deteriorating. Revenue growth will slow in 2024 and operating margins will be squeezed. 1H 2024 will see conditions deteriorate for most companies. The Fed potentially cutting its Fed Funds rate by 25 BPS in March will not mean squat to companies carrying meaningful amounts of debt, especially high yield issuers. High yield …
…
continue reading
![Artwork](/static/images/128pixel.png)
1
Ep. 460: Sam Altman and Satya Nadella Are Not Heroes
9:11
9:11
Spill senere
Spill senere
Lister
Lik
Likt
9:11
There are an infinite number of serious threats posed by Advanced AI. OpenAI founder Sam Altman, OpenAI’s Board of Directors and Microsoft CEO Satya Nadella owe it to the American people (all people for that matter), to fully disclose what it was that Sam Altman lied to his Board about concerning ChatGPT’s capabilities. Mr. Altman going before Cong…
…
continue reading
![Artwork](/static/images/128pixel.png)
1
Ep. 459: Inflation Was At Record Levels During The 2021-2022 Period
7:40
7:40
Spill senere
Spill senere
Lister
Lik
Likt
7:40
One measure of inflation is to compare growth in the money supply to GDP growth. Money supply growth should not exceed economic growth. When money supply growth exceeds economic growth, that resulting “slack” is inflation. Written another way, inflation exists when the money supply grows faster than GDP. See our related TEK2day article here: https:…
…
continue reading
![Artwork](/static/images/128pixel.png)
1
Ep. 458: Christmas Special: Inflation Is Immoral
13:53
13:53
Spill senere
Spill senere
Lister
Lik
Likt
13:53
Here is the related TEK2day article: https://open.substack.com/pub/tek2day/p/reflecting-on-the-immorality-of-inflation?r=1rp1p&utm_campaign=post&utm_medium=webAv TEK2day
…
continue reading
![Artwork](/static/images/128pixel.png)
1
Ep. 457: Bank Liquidity Is Rising, But at What Cost?
8:49
8:49
Spill senere
Spill senere
Lister
Lik
Likt
8:49
A follow-up to today’s written article where we cover ODL and Bank liquidity. The article may be found here: https://open.substack.com/pub/tek2day/p/bank-liquidity-is-rising-but-at-what?r=1rp1p&utm_campaign=post&utm_medium=webAv TEK2day
…
continue reading
![Artwork](/static/images/128pixel.png)
1
Ep. 456: Fed Chair Jerome Powell Is Arthur Burns 2.0
14:27
14:27
Spill senere
Spill senere
Lister
Lik
Likt
14:27
Fed Chair Powell and the FOMC run the risk of re-igniting inflation with last week’s dovish commentary. Market conditions have continued to ease since the FOMC meeting and press conference on December 13th. Powell’s Fed may be forced to further tighten monetary policy after loosening last week – a repeat of then Fed Chair Arthur Burns having pulled…
…
continue reading
![Artwork](/static/images/128pixel.png)
1
Ep. 455: The Fed – Unrealized Losses and QT
6:03
6:03
Spill senere
Spill senere
Lister
Lik
Likt
6:03
We cover recent TEK2day articles concerning the Fed. Read TEK2day on Substack: https://tek2day.substack.com/p/tek2day-podcast-ep-455-the-fed-unrealizedAv TEK2day
…
continue reading
![Artwork](/static/images/128pixel.png)
1
Ep. 454: The Fed’s Stagflationary Setup
13:21
13:21
Spill senere
Spill senere
Lister
Lik
Likt
13:21
Apologies for the several seconds of lost audio. The YouTube version of this episode does not have the audio issue and may be found here: https://youtu.be/FBhCY5nnkDY?feature=sharedThe Fed Is Setting Up A Stagflationary Decade: https://open.substack.com/pub/tek2day/p/the-fed-is-setting-up-a-stagflationary?r=1rp1p&utm_campaign=post&utm_medium=webOur…
…
continue reading
Don’t believe the hype around the Fed being well on its way to conquering inflation and achieving a “soft” landing. The Fed did irreparable damage to the economy in 2020, 2021 and 2002 with its ultra-dovish COVID response.See related TEK2day article here: https://open.substack.com/pub/tek2day/p/the-feds-feeble-attempt-to-tame-inflation?r=1rp1p&utm_…
…
continue reading
![Artwork](/static/images/128pixel.png)
1
Ep. 452: Reassembling The Content Bundle
15:13
15:13
Spill senere
Spill senere
Lister
Lik
Likt
15:13
It will be difficult for most streaming services to generate a profit, particularly if interest rates remain elevated. Deep-pocketed technology companies such as Amazon, Apple, Google and Microsoft are well-positioned to reassemble the traditional content bundle as a streaming bundle. Amazon is well ahead of the pack to this end.Recent Related TEK2…
…
continue reading
![Artwork](/static/images/128pixel.png)
1
Ep. 451: If Wages Are Growing Faster Than Inflation, Why Is The Economy Slowing?
2:46
2:46
Spill senere
Spill senere
Lister
Lik
Likt
2:46
Wages as measured in today’s ADP report are growing faster than inflation as measured by CPI. So why is the economy slowing? The answer is because CPI is understated.Today’s TEK2day article: https://open.substack.com/pub/tek2day/p/bad-economic-news-continues-to-be?r=1rp1p&utm_campaign=post&utm_medium=webToday’s ADP release: https://www.prnewswire.c…
…
continue reading
![Artwork](/static/images/128pixel.png)
1
TEK2day Podcast Ep. 450: Disney CEO Bob Iger's Hands Are Full With ESPN
10:53
10:53
Spill senere
Spill senere
Lister
Lik
Likt
10:53
TEK2day Podcast Ep. 450: Disney CEO Bob Iger's Hands Are Full With ESPN by TEK2dayAv TEK2day
…
continue reading
![Artwork](/static/images/128pixel.png)
1
TEK2day Podcast Ep. 449: The Fed Has Not Won
7:55
7:55
Spill senere
Spill senere
Lister
Lik
Likt
7:55
Follow us at: https://tek2day.substack.comAv TEK2day
…
continue reading
![Artwork](/static/images/128pixel.png)
1
Ep. 448: The Fed, Inflation, Recession and 2024 Tech Outlook
18:54
18:54
Spill senere
Spill senere
Lister
Lik
Likt
18:54
We cover the Fed, persistent inflation, the looming recession, our 2024 Tech outlook and more.Av TEK2day
…
continue reading
![Artwork](/static/images/128pixel.png)
1
Ep. 447: The Reverse Repo Market May Be Telling Us When The Fed Will End QT
2:33
2:33
Spill senere
Spill senere
Lister
Lik
Likt
2:33
The overnight reverse repo market (ON RRP) sat at $887 billion last night, down from $2.6 Trillion at the peak on December 30th 2022. As the Fed slowly removes liquidity from the system through QT, Banks and Non-Bank institutions are parking less capital overnight at the Fed. Think of the reverse repo balance as excess liquidity in the system. The …
…
continue reading
![Artwork](/static/images/128pixel.png)
1
Ep. 446: A Full Bank Deposit Backstop Is Impossible
5:39
5:39
Spill senere
Spill senere
Lister
Lik
Likt
5:39
A Full Bank Deposit Backstop Is ImpossibleThe Fed, Treasury and the FDIC are writing a check they can’t cash. Based on their rhetoric, the three Government organizations have implied that they will backstop all bank deposits. It would be impossible for this unholy triumvirate to do so given the tab could be north of $15 Trillion at the extreme.MORE…
…
continue reading