Ed Ludlow

We heard Fed Chair Powell, the current Fed Chair, just speak on Wednesday about how they see AI making significant impact on labor and indeed more broadly the economy as well.

Mike McKee, I wish you could ask more questions.

We so appreciate you being here.

But let's talk about how tech is currently underperforming, the dollar pushing higher.

Here to discuss how Trump's Fed pick, Kevin Walsh, could impact the tech markets.

Margi Patel, All Spring Global Investment Senior Portfolio Manager and Head of Capital Allocation.

Margi, how do you think the market should interpret this announcement?

Do you align yourself with the deflationary impact of AI in that respect?

Do you agree with Kevin Walsh in that perspective?

Margie, it's good to see you.

It's Ed here in SF.

Later in the program, we're going to hear from an interview that I did with the PG&E CEO, Patti Poppe, California's largest utility.

And like Mr. Walsh, she argues that all the data centers that are being built will drive down electricity prices, right?

And therefore inflation, just like Mr. Walsh has kind of just been the argument outlined by Mike McKee.

I don't understand that.

I don't have a degree in economics.

But as someone in the markets, would you just give me your interpretation of how that would work?

I don't know, Margie, you seem to have a pretty good command of it and the data.

I appreciate the response.

We should probably get to earnings, right?