Wall Street Week 07/19/2024

On this edition of Wall Street Week, Bank of America Chairman and CEO Brian Moynihan says he wants clear and consistent banking regulations. Former Federal Reserve Governor Daniel Tarullo tells us why we might not see final Basel III rules by the end of 2024. Willett Advisors Chairman and CEO Steve Rattner tells us why the "Trump trade" is gaining momentum. UC Berkeley Haas School of Business Professor Laura Tyson defines the threshold for productivity from generative AI, and Rep. French Hill of Arkansas tells us how Trump 2.0 will be different from the first term.
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[nicklongo]

Laura Tyson's comparison of projected productivity benefits from AI to the productivity surge in the 1960's intrigued me. So I went looking for the causes of the productivity increases in the 1960's and found two articles, one of which referred to the building of the interstate highway system that followed World War 2, and the other to automation, especially automated production of consumer goods. So I don't really see a parallel to AI there. What was an interesting parallel however is that both these articles were written comparing the productivity boom of the 1990's to the 1960's, both including long periods of recession-less growth, which they attributed to the boom in technology that had taken place in the 1990's and both articles projecting further productivity gains and growth to come. These articles were published in January 2000 and February 2000. Not saying Laura Tyson is all wet, just sayin'.

[dejabu]

Trump is not against immigration, only illegal immigration, great show

[aleksandrablinova]

Thank you for sharing your experience and knowledge about trading.😁

[maximkonig]

Thank you David, as always great to have your show

[Computertrading]

Is immigration the only way US population can grow?

[Sigmalicinius]

I’ve been watching these guys for a while now and not many of them know what they are talking about. 🤦🏻‍♂️

[mariamathews]

Berkeley equals woke elites. She never discussed cost of immigration only cheap labor. Every discussion should discuss trade offs.

[fordaysafterxmas]

Tariff will undoubtedly cause inflation (effectively a tax on the working consumer) and the fed will be forced to raise rates to keep price stable which slows growth and spending

[ImogenBrooks-pv]

Can you help me which shopping site is the best? There are many sites.

[islandhopper]

As an expat, I love tariffs. Makes the dollar stronger and prices relatively cheaper everywhere else. Most americans are willing to leverage their future to have shiny things today keeping demand and prices higher than they should be.

[hitpat]

'investors'?? lol...
No, i think they called... violators!! How many violations did JPMORGAN have this week???

[saedal-tamimi]

Laura Tyson . she talks like as if your audience are in the middle school

[davidbeckwith]

Why is it when I'm not signed in my comment doesn't show, but when I sign in, lo and behold, there's my comment.
CensorTube.

[PatrickPutin-yyju]

While you work, your efforts are swelled up by men who went to college to figure how to get their hands on your money without doing any work

[rvpcqp]

That lady talking about tariffs forgot to mention they would only apply to foreign companies who refuse to manufacture in the US… oops, pesky details.

[vjjnywc]

So is, Laura Tyson say, open the boarders and give a pass to all the people who broke the law coming across the boarder? I wanna break some laws!! We can, I start?