Bloomberg Businessweek

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF
Former CFTC Chair J. Christopher Giancarlo says the $6 billion Binance hack highlights ongoing US cybersecurity vulnerability. He also weighs in on prediction markets, saying new rules are needed for regulations at the federal level. He also says he thinks there's a "social benefit in prediction markets," with users looking to platforms for predictability.
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Featuring some of our favorite conversations of the week from our daily radio show "Bloomberg Businessweek Daily."
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The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF

Wall Street got a reality check as a bruising selloff in technology shares fueled concern the artificial-intelligence frenzy that has powered the equity bull market might be overblown. Disappointing tech results spurred the worst drop for stocks since June, with the Nasdaq 100 briefly crossing the threshold of a technical correction. The index sank 3.5% Friday.

On today's episode:
Kristine Aquino, Bloomberg News Markets Live Blog Managing Editor
Jeff Sprecher, Intercontinental Exchange CEO
Muyao Shen, Bloomberg News Crypto Reporter
Dan Sheridan, Brooks Running CEO
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Wall Street got a reality check as a bruising selloff in technology shares fueled concern the artificial-intelligence frenzy that has powered the equity bull market might be overblown. Disappointing tech results spurred the worst drop for stocks since June, with the Nasdaq 100 falling 3.5% and briefly crossing the threshold of a technical correction. Intel Corp. slid the most in over four decades as its outlook missed estimates. Amazon.com Inc. slipped 1.4% on greater capital spending. The S&P 500 dropped 1.8%, breaching its key 100-day moving average.

For a quick recap of a bruising trade for big tech and equities broadly, hosts Tim Stenovec and Jess Menton speak with Bloomberg Markets Live blog managing editor Kristine Aquino.
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The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF
Schwab president and CEO Rick Wurster said that AI integration is helping the company streamline operations and create 'new pathways to engage with clients' after the Schwab announced investment in AI startup Nevis. Wurster also commented on the AI investment landscape, saying that he is reassured that there isn't a bubble by AI related companies that are still fairly or undervalued.
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