Wall Street Is Thriving on Chaos — Will It Last?

Prof G Markets

Prof G Media & Vox Media

Investing, Entrepreneurship, Business

4.3 • 1.4K Ratings

🗓️ 16 April 2026

⏱️ 34 minutes

🔗️ Recording | iTunes | RSS

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Summary

Ed Elson breaks down key takeaways from bank earnings with Saul Martinez, including how volatility from the war impacted results. Then, Ed explores Amazon’s acquisition of Starlink competitor Globalstar with Tim Farrar. Finally, Ed gives his take on Allbirds’ rebrand as an AI company. Saul Martinez is the Head of US Financials Research at HSBC. Tim Farrar is the President of TMF Associates. Get your tickets to the Prof G Markets tour Subscribe to the Prof G Markets Youtube Channel Check out our latest Prof G Markets newsletter Follow Prof G Markets on Instagram Follow Ed on Instagram, X and Substack Follow Scott on Instagram Send us your questions or comments by emailing Markets@profgmedia.com Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0	Breaking news, the world is a mess, and it seems like it's just getting worse.
0:07.1	So how do you find a way to move forward?
0:09.9	Being hopeful acknowledges and embraces that things are difficult and asks, where can we go from here?
0:16.0	Why our future depends on our ability to hope.
0:19.6	That's this week on Explain It to Me, new episodes wherever you get your podcasts.
0:29.7	Today's number five.
0:32.7	That's how many cities Profi markets will be visiting this spring when we go on tour. Yes, we are finally going
0:40.1	live, starting May 27th. We will be heading to San Francisco, L.A., Chicago, Miami, and we will be
0:46.9	ending in New York. We are so excited about this. If you want to come watch the show, go get
0:51.8	your tickets, starting today at 11 a.m. Eastern at ProfgmarketsTor.com. I'll see you in person.
1:01.4	Money markets, Matt. If money is evil, then that building is hell.
1:07.7	Welcome to Prof.G Markets, I'm Ed Elson. It is April 16th. Let's check in on yesterday's
1:17.2	market vitals. The S&P 500 hit a fresh record high on hopes for peace talks to the Middle East.
1:23.4	The US and Iran may extend the ceasefire another two weeks for more negotiation time.
1:28.3	The NASDAQ also climbed while the Dow fell.
1:31.5	Brent Crude was roughly flat on the day, hovering around $95 per barrel.
1:36.3	And finally, Live Nation shares dropped 6% after a jury found that Live Nation and Ticketmaster held a monopoly in the events industry.
1:46.5	Okay, what else is happening?
1:48.8	America's biggest banks just had a strong quarter and largely because of the wall.
1:54.6	Goldman Sachs, J.P. Morgan, Wells Fargo, Citigroup, Bank of America and Morgan Stanley
1:58.7	all reported higher than expected earnings
2:00.9	for the first quarter of 2026, and that was fueled largely by an increase in trading volumes
	...

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