Citigroup Tries to Sell Investors on the Hidden Value of Its ‘Financial Pipes’

WSJ What’s News

The Wall Street Journal

News, Daily News

4.1 • 4.2K Ratings

🗓️ 18 June 2024

⏱️ 13 minutes

🔗️ Recording | iTunes | RSS

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Summary

P.M. Edition for June 18. Citi CEO Jane Fraser is highlighting an under-the-radar profit engine: Citi Services. Deputy Wall Street bureau chief David Benoit has more. And Nvidia soars in marketsNv, making it the most valuable U.S.-listed company. Plus, reporter Phred Dvorak explains how the Biden administration's tariffs on Chinese solar panels could slow down the rollout of solar projects in the U.S. and drive up consumer costs. Jennifer Maloney hosts. Sign up for the WSJ's free What's News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	So how do we get AI right?
0:02.0	Well, we need the right volume of data, the software to train it, and massive compute power, or...
0:10.0	Another one buys the dust.
0:12.0	Are you ready?
0:13.0	Are you ready for this?
0:14.0	Are you hanging on the edge of your seat?
0:16.0	But with HE Green Lake, we get access to supercomputing to power AI at the scale we need,
0:21.0	helping generate better insights.
0:22.6	All right.
0:25.4	Nice teamwork guys.
0:26.9	Search HPE Green Lake.
0:30.5	Why President Biden's Tough on China stance threatens a push for green energy,
0:38.5	and Citigroup tries to sell investors on a profitable but poorly understood part of the bank's business.
0:45.8	That's a lot of what today was like, hey, we're the best, we're the only ones that can do this.
0:49.8	Let's make hay of that.
0:51.0	Plus, how a Michelin star led to a frenzy around a Mexico City taco stand.
0:57.5	It's Tuesday, June 18th.
0:59.2	I'm Jennifer Maloney for the Wall Street Journal.
1:01.8	This is the PM edition of What's News, the top
1:04.8	headlines and business stories that moved the world today.
1:09.4	NVIDIA rose 3.5 percent today, becoming the most valuable listed company in the US,
1:16.0	with a market valuation of 3.34 trillion dollars, bigger than Microsoft or Apple.
	...

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