Switzerland cuts rates again as Fed holds steady
Wall Street Breakfast
Seeking Alpha
4.1 • 1K Ratings
🗓️ 20 June 2024
⏱️ 5 minutes
🧾️ Download transcript
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Transcript
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| 0:00.0 | Welcome to See King Alpha's Wall Street breakfast, where we cover the top news for investors every morning. |
| 0:08.0 | Good morning. Today is Thursday, June 20th. I'm Julie Morgan. Switzerland cuts again. There's a new AI company on the |
| 0:16.8 | block and Netflix is all about the experience. The Federal Reserve keeps holding steady, but Central banks across Europe are continuing to cut interest rates. |
| 0:28.0 | Today, the Swiss National Bank trimmed its key benchmark rate by 25 bases points to 1.25% after becoming the first major economy to start |
| 0:37.7 | an easing cycle back in March. |
| 0:40.2 | The European Central Bank has since followed with a rate cut of its own, and an interest rate decision by the Bank of England will be in focus later in the session, after UK inflation returned to its 2% target for the first time in almost three years. |
| 0:55.0 | Open AI's co-founder and former chief scientist is starting a new artificial |
| 1:00.9 | intelligence company called safe super intelligence. |
| 1:04.8 | The company is focused on creating a secure advanced AI system that's smarter than humans. |
| 1:10.8 | Ilia Sutzkiver said in a post on X that they've started the world's first straight shot safe super intelligence lab and their singular focus means no distraction by management overhead or product cycles and their business model means safety, security, and progress are all insulated from short-term commercial pressures. |
| 1:31.0 | Safe Super Intelligence is an American company with offices in Palo Alto and Tel Aviv. |
| 1:37.6 | Daniel Gross, a co-founder of Q and former AI-head at Apple, and Daniel Levy, a former Open AI researcher, are co-founders of |
| 1:46.3 | safe superintelligence. Netflix is planning to launch two entertainment venues in Pennsylvania and Texas next year, and they're all about the experience. |
| 1:57.0 | It's called Netflix House. The company's chief marketing officer said they've launched more than 50 experiences in 25 cities and Netflix House |
| 2:06.0 | represents the next generation of their distinctive offerings. |
| 2:10.5 | Netflix House, which will be open year round will feature immersive experiences |
| 2:15.2 | based on popular shows exclusive merchandise and eateries among other things. |
| 2:20.4 | The company is building on the success of its live experiences based on its hit shows like |
| 2:26.0 | Bridgerton, Stranger Things, and Squid Game. The first two locations will open at King of Prussia in Pennsylvania in Galleria |
| 2:34.3 | Dallas in 2025. They will occupy former department store locations and span |
| 2:40.0 | across more than 100,000 square feet each. |
| 2:43.2 | Netflix's co-CEO says, |
... |
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