Geopolitics Take Center Stage for Markets with Chip War Author Chris Miller

RiskReversal Pod

RiskReversal Media

Business News, Business, Investing, News

4.6 • 757 Ratings

🗓️ 9 October 2023

⏱️ 56 minutes

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Summary

Guy, Dan, and Liz Young from SoFi discuss how the market is responding to Hamas attack against Israel (3:00), the potential for steeper declines in the S&P 500 (12:00), oversold conditions (14:15), earnings season kicking off (19:30), Apple as a “Utility Player” Stock (21:00), Banks (24:15). Later, Dan and Guy sit down with Chris Miller, Associate Professor of International History at the Fletcher School at Tufts University and author of Chip War: The Fight for the World’s Most Critical Technology to discuss how he came to write the book (31:30), the U.S. dependency on chips from other countries (34:00), the market share that Taiwan Semi has (36:00), how a Taiwan invasion could impact the global supply chain (38:30), the advanced chip bans (48:00), the consumer market in China (51:00), national security implications (54:00), and whether we could see some sort of provocation in 2024 (58:00). Here’s how to receive a FREE copy of Chip War: The Fight for the World’s Most Critical Technology: Follow & review Okay, Computer. in the podcast store Screenshot the review and email it to [email protected] with your mailing address About the Show: On The Tape is a weekly podcast with CNBC Fast Money’s Guy Adami, Dan Nathan and Danny Moses. They’re offering takes on the biggest market-moving headlines of the week, trade ideas, in-depth analysis, tips and advice. Each episode, they are joined by prominent Wall Street participants to help viewers make smarter investment decisions. Bear market, bull market, recession, inflation or deflation… we’re here to help guide your portfolio into the green. Risk Reversal brings you years of experience from former Wall Street insiders trading stocks to experts in the commodity market. Check out our show notes here Learn more about Ro body: ro.co/tape See what adding futures can do for you at cmegroup.com/onthetape. Shoot us an email at [email protected] with any feedback, suggestions, or questions for us to answer on the pod and follow us @OnTheTapePod. We’re on social: Follow Dan Nathan @RiskReversal on Twitter Follow @GuyAdami on Twitter Follow Danny Moses @DMoses34 on Twitter Follow Liz Young @LizYoungStrat on Twitter Follow us on Instagram @RiskReversalMedia Subscribe to our YouTube page

Transcript

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0:00.0	Welcome to On the Tape, the Monday edition. I'm Dan Nathan. I'm joined by Guy Adami and EY from SoFi. That would be Liz Young. She's the head market strategist over there at SoFi. Jens and lady this morning. Usually we like to have a little fun on a Monday morning. And it's just one of those days, right? Guy, you've been saying this for a long time. You've been doing fast money on CNBC for almost 17 years. I've been doing it for 13, 14 years.
0:25.2	And every once in a while, we have to think about markets through a slightly different lens.
0:29.8	Ones that I don't think any of us are really charged with doing. And sometimes it feels almost
0:34.3	inappropriate when you think about this war that's going on in Israel and
0:38.0	the loss of life and probably what's likely to happen for weeks, if not months to come on a
0:43.3	humanitarian level. So again, our hearts go out to everybody involved in that situation. But we've got to
0:49.6	talk about what we're here to talk about a little bit. And when you think about just some of the
0:53.1	impact that we've seen on commodities, on growth globally, it was massively impacted by the Russian invasion of Ukraine
0:59.8	in the beginning of 2022. So we're a little steeped in that. So we're going to get to all that.
1:05.2	We're going to get to some earnings this week. We're going to get to some economic data. Also,
1:08.7	just a little housekeeping. Guy and I had a great
1:11.3	conversation last week with Chris Miller. He is the author of a book called Chip Wars. And this is a
1:17.1	really interesting one. This was the first guy. I think Mike Mobison, your good friend. I think he
1:21.1	referenced this book to us, recommended it to us and to our listeners late last year. And it's a book
1:26.5	about the history of the semiconductor industry
1:28.8	going back to the 40s and really talking about just the kind of race that we were in to develop
1:35.1	the semiconductor for a whole host of reasons. Obviously, many were from a military standpoint
1:39.6	before all the consumer applications were known and the race that we had with Russia and then obviously
1:45.2	with China and everything that's going on now. This is a great book. I'm actually almost done with
1:49.5	it. So I recommend it to people. And if you want a copy of the book, the first 100 listeners who go
1:55.2	to the podcast store, you find OK computer. It's OK-A-Y computer podcast. Leave a review for that. We're going to put the
2:03.2	full interview on that feed. That is a fine podcast that I host with many good tech folks there.
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