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Animal Spirits: Tech Stocks Are Back

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On today’s show, we discuss:

  • Carl Icahn admits mistake with bearish bet that cost $9B
  • Steve Cohen is ‘pretty bullish’ on markets thanks to AI
  • Markets close higher on strong jobs report, rebound in regional banking stocks
  • America’s biggest bank is everywhere – and it isn’t done growing
  • The curious incident of the elevated profit margins
  • Existing home sales fell 23% in April
  • The great pandemic mortgage refinance boom
  • Disney’s hugely ambitious Star Wars Starcruiser Hotel that costs $2,400 a night forced to close after 18 months
  • Desperate for streaming profits, media giants look to a soft ad market for help
  • ESPN plans to stream flagship channel, eyeing cable TVs demise
  • Fair ends subscription, leasing program in pivot to marketplace model

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