4.3 • 1.2K Ratings
🗓️ 13 February 2023
⏱️ 42 minutes
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0:00.0 | Right now on fast a hot start to a new week on Wall Street. Microsoft the biggest |
0:05.2 | driver for the Dow surging another 3 plus percent continuing its surge since |
0:09.5 | announcing the new being with chat GPT will break down the AI boom and the |
0:13.5 | rest of the day's market action plus four announcing a three and a half |
0:16.7 | billion dollar EV battery boost. The interesting wrinkle here they're partnering |
0:20.6 | with the Chinese company to build a new factory here in the US. So how will |
0:24.7 | our tensions with Beijing impact this move? And later work from home taking a |
0:28.6 | massive toll on New York City's bottom line from real estate to restaurants the |
0:32.4 | billions being lost from workers not coming to the big apple and is there a |
0:36.2 | short there. I'm Melissa Lee this is fast money we're alive with the Nasak |
0:39.3 | market site on the desk tonight from our new temporary home here in |
0:43.7 | Finerman Dan Nathan C. Brasso in Diadami. This is just as a studio upstairs gets |
0:48.4 | constructed. This will be your new home. But fun fun digs here. We start off with |
0:53.0 | a 100 billion dollar question that's about how much market cap is flown out of |
0:57.0 | alphabet and into Microsoft over just the past week when the AI chatbot |
1:01.3 | wars kicked into high gear Microsoft up another 3% today posting its highest |
1:06.2 | close since late august alphabet basically flat but it's down 12% from its |
1:10.4 | early February highs. So what does this transfer value tell us about the AI race |
1:14.7 | and the futures for Google and Microsoft it's interesting how long this has |
1:20.4 | persisted here and we're chatting the green one. I thought this is like a couple |
1:23.2 | day phenomenon and here we are. Well yeah I mean the interesting part was the |
1:27.6 | last week that sort of 110 billion dollar almost dollar for dollar value from |
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