OpenAI & Microsoft Feud, Homebuilder Vibes Slump, and WBD Cuts Zaslav’s Pay

Prof G Markets

Vox Media Podcast Network

Entrepreneurship, Investing, Business

4.6 • 722 Ratings

🗓️ 18 June 2025

⏱️ 26 minutes

🔗️ Recording | iTunes | RSS

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Summary

Ed breaks down why homebuilder sentiment fell in June and takes a look at the growing tensions between OpenAI and Microsoft. He and Scott then unpack why Warner Bros. Discovery is slashing CEO David Zaslav’s pay. Subscribe to the Prof G Markets newsletter Order "The Algebra of Wealth" out now Subscribe to No Mercy / No Malice Follow Prof G Markets on Instagram Follow Ed on Instagram and XFollow Scott on Instagram Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0	Today's number 50. That's how many messages the average employee now sends or receives outside of
0:07.7	regular business hours. Meanwhile, meetings after 8pm are up 16% from last year, and one in five
0:14.9	meetings are now happening outside of the regular 9 to 5. People are calling this new schedule the infinite workday. Well, the infinite
0:24.6	workday is a cute name, but I have a different name for this, and I think it's catchier. I call it
0:30.4	the American dream. You wake up at 6, you open up slack, you pound 10 Red Bulls, and you grind it out for 16 hours.
0:39.0	That to me is what America is all about, so I am rebranding it.
0:42.6	It is not the Infinite Work Day.
0:44.2	It's the American dream.
0:48.4	Money markets matter.
0:50.0	If money is evil, then that building is hell.
0:52.6	The show goes up!
0:55.9	The show, up! The market is never watched it. It's so, sell.
0:58.0	Welcome to Proftery Markets.
1:00.1	I'm Ed Elson.
1:01.1	It is June 18th.
1:02.7	Let's check in on yesterday's market vitals.
1:06.1	The major indices fell as Iran and Israel continued their missile strikes.
1:10.5	Oil prices spiked as Trump demanded Iran's unconditional surrender.
1:14.6	The yield on 10-year treasuries dropped after US retail sales came in weaker than expected.
1:19.6	And solar stocks tumbled after Senate Republicans moved to fully eliminate clean energy tax credits
1:25.6	in the latest version of the tax bill. The biggest loser of
1:28.7	the day was Enphase Energy, which shed 24%. Okay, what else is happening? A new survey from Wells
	...

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