Where’s the AI spending payoff?
Marketplace
Marketplace
4.6 • 8.5K Ratings
🗓️ 30 July 2024
⏱️ 27 minutes
🧾️ Download transcript
Summary
When Big Tech earnings reports come out this week, traders will scrutinize how much was spent on artificial intelligence. The billions of dollars invested haven’t translated into profit — at least not yet — and Wall Street is getting impatient. Also in this episode: We’ll break down the latest job openings data, uncover why housing contract cancellations are rising and hear from a real estate broker about the market in Houston.
Transcript
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| 0:26.7 | Go to Shopify.co. UK slash marketplace 22 to take your business to the next level today. Shopify.co. UK slash |
| 0:36.3 | marketplace 22. On this interest rate decision Eve more data on the state of the job market from American public |
| 0:46.3 | media. |
| 0:47.3 | This is Marketplace. In Baltimore, I'm Amy Scott in for Kyrizdahl. it's Tuesday the 30th of July. |
| 1:04.0 | Good to have you with us. |
| 1:05.0 | As the Fed met today to talk interest rates, we'll get the decision tomorrow. |
| 1:10.0 | Some new data officials will surely be looking at came in. The latest job |
| 1:14.9 | openings and labor turnover survey or jolts report from the Bureau of Labor Statistics |
| 1:20.8 | says there were just over 8 million job openings at the end of June, unchanged |
| 1:26.4 | from the month before. |
| 1:28.0 | Meanwhile, the turnover part of that report, the number of people who lost or quit jobs or got hired all little changed. |
| 1:36.0 | So status quo? |
| 1:38.0 | Well if you zoom out a little further there has been a clear decline in all of the above over the last year. |
| 1:45.0 | Marketplace's Samantha Fields has the details. |
| 1:48.0 | This is basically the job market normalizing after the roller coaster of the last few years. The unemployment rate is low and |
| 1:55.6 | The job market is relatively healthy overall. But Daniel Jao, lead economist at Glassdoor, |
| 2:01.5 | says it doesn't really feel that way to a lot of workers, with good reason. |
| 2:05.0 | We're seeing that employers are not really hiring at the levels that we've seen in the past, and as a result, employees are sitting tight too. |
| 2:13.0 | Mostly because they aren't seeing many opportunities. |
... |
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