Guy Adami welcomes Michael Saylor, executive chairman and co-founder of MicroStrategy. Saylor shares updates since December, highlighting MicroStrategy's significant Bitcoin investments and the firm’s strategy, owning over 600,000 BTC. The conversation covers key developments including SEC's ETF approvals, fair value accounting, and bank support for crypto custody. Saylor discusses the broader acceptance and enthusiasm for Bitcoin from Wall Street and the current administration, as well as the rise of Bitcoin treasury companies. He outlines the financial strategies his company employs, such as issuing Bitcoin-backed equities and credit instruments, emphasizing the potential benefits of Bitcoin in revitalizing capital markets. The podcast also touches on Saylor's views on the bear case for Bitcoin, the impact of regulatory clarity, and future strategic opportunities in global financial markets.

Dan Nathan and Gene Munster discuss major investment themes in the latest RiskReversal Podcast. They reflect on market conditions from April, evaluating whether the decline in S&P 500 and NASDAQ presented a generational buying opportunity for tech stocks. They discuss the performance of AI-related companies, cloud growth, and CapEx expectations. Gene shares insights on Microsoft, the challenges it faces, and possible market reactions. The conversation also covers Apple's management competence and future AI developments, Tesla's integration with xAI, and its market positioning amidst pricing challenges. Lastly, they touch upon the performance disparities between hardware and software sectors in the AI field.

Guy Adami and Dan Nathan discuss the potential implications of bank earnings, CPI and PPI data, tech earnings, and geopolitical factors such as tariffs and trade rhetoric. They also touch on the impact of recent Fed decisions, interest rates, and the historical context of current market valuations.

Dan and Guy are joined by Stephanie Link, Chief Investment Strategist and Portfolio Manager at Hightower Advisors. They explore topics like consumer spending, delinquency rates, job market stability, and the impact of tariffs on the economy. Stephanie shares her optimistic view on U.S. GDP growth, earnings expectations, and the performance of various sectors including financials, industrials, and consumer discretionary. The conversation also touches upon the implications of deregulation, the role of AI in corporate profitability, and specific stock picks like Boeing, Walmart, and Target. They debate the effects of the weak U.S. dollar and the regulatory environment on big tech companies such as Google and Apple. Throughout the discussion, Stephanie underscores her belief in the resilience of U.S. companies and the importance of focusing on best-in-class stocks.

Dan Nathan hosts Brian Belski, Chief Investment Strategist at BMO Capital Markets, on the Risk Reversal Podcast. The conversation covers a range of topics including Belski's team-focused approach, his updated S&P 500 price target of 6,700, and the factors driving market performance. They discuss key drivers such as the tax bill, trade deals, and the geopolitical climate. Belski highlights his investment strategies, including sector preferences in technology, communication services, consumer discretionary, and financials. He emphasizes the importance of long-term investment and analysis, challenges faced, and the potential for a future bear market. The discussion also touches on value investing, small and mid-cap opportunities, and the impact of macroeconomic policies on markets.

Dan Nathan is joined by Peter Boockvar, CIO at Bleakly Financial Group, on the RiskReversal Podcast. The discussion covers recent market trends, the impact of tariffs, and the job report from the previous week. Peter provides insights on the gap between economic data and market performance, especially in light of recent trade deals and tariffs with countries like Vietnam and China. The conversation also includes an analysis of various sectors including tech, banking, and retail, as well as a detailed breakdown of potential tariff implications for US corporations. They also touch on the role of AI, central bank actions, interest rates, and the strength of the US dollar. The episode ends with a look at the potential long-term impact of tariffs and the importance of staying informed amidst these market dynamics.

Dan is flying solo to discuss a better-than-expected June jobs report, a strong market performance with the SPX and NDX seeing significant gains, and specific stock performances like Nvidia and Taiwan Semi as major tech leaders. The discussion also includes the impact of Trump's trade deals, geopolitical tensions, and sentiment indicators like CNN's Fear & Greed Index. Lastly, the episode touches on the implications of OPEC's decision on oil production and the upcoming events such as the Fed meeting minutes and initial jobless claims.

Further Reading

Dan Nathan and Joe Marchese, General Partner at Human Ventures, discuss the implications of AI on the media and advertising industries. Joe reflects on his trip to Cannes, highlighting the dominance of tech giants like Meta, Amazon, Google, and YouTube in the creative space and the shifting media landscape due to AI. They explore the challenges publishers face with AI-induced content scraping and the potential for toll booths to manage bot traffic. Furthermore, they consider the future of search advertising, e-commerce, and retail media in an AI-influenced world. The conversation also touches on the strategies of major tech companies like Google, Microsoft, Amazon, and Meta, and their varying degrees of risk and opportunity in the face of AI advancements. Joe also shares insights on his new board role at Breakaway, a leading touring music festival, emphasizing the importance of real-world experiences in an increasingly digital age.

Dan Nathan is joined by Jeff Richards, managing partner at Notable Capital, to discuss recent trends and insights in the tech and AI investment landscape. They explore the skepticism on Wall Street around AI, contrasting it with the optimism in Silicon Valley. Jeff highlights how major tech companies like Microsoft, Amazon, and Google are investing heavily in AI despite public skepticism. The discussion also covers the disparity between private and public market valuations, the growing momentum of companies like Anthropic and OpenAI, and the factors influencing the IPO and M&A landscape. Richards also shares his views on the future of agentic AI, its transformative potential, and challenges related to trust and security. The episode concludes with insights on the impact of AI on various sectors, the need for more companies to go public, and the future financial landscape for venture capital-backed investments.

Dan welcomes Wilfred Frost, an anchor on Sky News Breakfast Show and contributor to MSNBC, CNBC, and NBC News. The discussion covers Wilfred's recent move back to London, his ongoing projects, including the 'Master Investor' podcast and 'David Frost Versus,' a show based on the renowned interviews conducted by his father, David Frost. They delve into the cultural differences between the UK and the US in terms of business success, the economic impacts of Brexit, and the UK's future trade deals. The conversation also touches on global financial markets, the US dollar's performance, and America's evolving trade policies. Wilfred shares insights into the preservation and celebration of his father's legacy through various media projects.

Show Notes

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