All eyes on AI
Marketplace All-in-One
Marketplace
4.5 • 1.4K Ratings
🗓️ 20 November 2024
⏱️ 8 minutes
🧾️ Download transcript
Summary
Nvidia, the company that produces chips used in AI, will report its earnings Wednesday after markets close. Susan Schmidt, portfolio manager at Exchange Capital Resources, explains why investors are paying such close attention. Also on the show today: a slightly weaker labor market for college graduates and a closer look at whether long-haul trucking is really facing a driver shortage.
Transcript
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| 0:00.0 | All Eyes on AI. |
| 0:04.5 | From Marketplace, I'm Sabri Beneshore in for David Brancaccio. |
| 0:07.7 | First, President-elect, Donald Trump, has picked billionaire investor and investment bank CEO Howard Lutnik to be Commerce Secretary. |
| 0:15.6 | Lutnik, if confirmed by the Senate, would oversee Trump's tariff plans and the census, among other things. |
| 0:20.7 | We've got more on that at Marketplace.org. On Wall Street, all eyes are on Invidia, the company |
| 0:25.6 | that produces chips used in AI. InVIDIA reports earnings late this afternoon after markets close. |
| 0:30.6 | Susan Schmidt is portfolio manager at Exchange Capital Resources. |
| 0:34.4 | We can't understate how much investors are going to be paying attention to the |
| 0:39.7 | NVIDIA report after the close today. Investors are keenly focused on this. NVIDIA is the |
| 0:45.6 | bellwether for AI, those artificial intelligence related companies. Remember that they |
| 0:51.2 | started the craze almost two years ago. So, NVIDIA reports, the markets |
| 0:56.6 | are going to be keenly attuned to that. It almost doesn't matter what other news hits the tape today. |
| 1:01.6 | This is where investors are focused. Susan Schmidt, portfolio manager at Exchange Capital |
| 1:06.8 | Resources. The labor market got a little weaker for recent college graduates in the third quarter of 2024. That's according to new data from the New York Fed. The unemployment rate for them reached 5.3%. Compared to young workers without college degrees, college grads are faring better, but not a whole lot better. Marketplace is Elizabeth Troval. How's that? |
| 1:27.0 | The unemployment rate for young university grads is at its highest in around three years, |
| 1:32.1 | says New York Fed economist Richard Dietz. |
| 1:34.8 | That recent college graduates are having a little bit of a tougher time in the labor market recently than they've had in quite a while. |
| 1:41.0 | That's as the labor market is pretty solid overall, which has benefited young workers without bachelor's degrees. |
| 1:48.4 | Ali Bustamante with the University of New Orleans says college degrees carry less of an employment benefit than they have before. |
| 1:56.0 | There was once upon a time a college degree really meant a huge improvement in your employment |
| 2:03.6 | opportunities and your wage. |
| 2:05.8 | Still, overall, college graduates fare better than people who don't finish school, especially |
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