Meta & Microsoft Brush Off DeepSeek + Starbucks Stages a Comeback

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Prof G Markets 52 min 3 speakers 1 chapter transcribed
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Scott 0:00
In every company, there's a whole system of decision makers, challenges, and strategies, shaping the future of business at every level. That's why we're running a special three-part Decoder Thursday series, looking at how some of the biggest companies in the world are adapting, innovating, and rethinking their playbooks. We're asking enterprise leaders about some of the toughest questions they're facing today, revealing the tensions, risks, and breakthroughs happening behind closed doors. Check out Decoder, wherever you get your podcasts. This special series from The Verge is presented by Adobe Express. Today's number 1.5. That's the percentage of global stocks the Norway Sovereign Wealth Fund owns, making it the world's largest single investor. Norway, where the dating scene is a sauna and a hike, and then you jump into a freezing river, and if you survive, you get a second date. Not really a joke, Ed, just sort of an observation.
Ed 0:56
Here we are. Just an observation.
Scott 0:58
Let's go Norwegian. Let's make some cabbage here. This episode is brought to you by Fundrise. We think we're Norway. We think we're rich and civilized. Meanwhile, we're arguing over transgender. Meanwhile, we're arguing over Chan. Anyways, never mind. Keep that in. I'm getting so fucking old. I literally think I'm having one of several million strokes that I've been experiencing. You get to my age, Ed, a stroke is kind of like, I don't know, it's like an erection when you're your age. It just kind of happens when you're least expecting it. Every morning. Don't brag. Don't rub it in my face. Literally. Literally don't rub it in my face. It all comes back to the penis. How are you, Scott? I'm doing pretty well.
Scott 1:46
I found out I have to be in Orlando for a speaking gig, and at first I was bummed, and now I'm kind of sick of my kids, so I'm sort of excited. So I'm headed to Orlando on Monday, and then I go up to New York for four days. I'm excited about that. I'm going to do our... Our team strategy meeting where you're all going to present your plan. And I'm going to say, you make too much money and you're not growing revenues fast enough. Just so you know, that's the feedback you're going to get. I'm excited. What about you? What are you up to?
Ed 2:12
Let's see. I got my sister visiting this weekend. That'll be pretty fun.
Scott 2:16
You're close with your sister, aren't you?
Ed 2:18
Yeah, I've gotten really close with her in the past couple of years. I've always been pretty close, but gotten really close with her over the past couple of years. So she's visiting. And why do you think that is? I think maybe I'm just mature, or maybe we're both more mature. I used to feel kind of competitive with her. I think that was probably a problem. And I feel like when you're just more secure about yourself... It's just easier to kind of get along with people or something. I don't know. I feel like we just have a very mature, nice relationship. So I hope that continues because I think relationships go up and down as well. Does she have kids? No, she does not. But she got married a year ago. So she's definitely thinking about it.
Ed 2:55
You'll be a great uncle. You're kind of central casting to be an uncle. I feel like I'm going to be kind of awkward with kids. I think I'm not very good with kids already.
Scott 3:02
Well, you're awkward to begin with, but I think you'll be probably a little bit less awkward with children.
Ed 3:07
I see it differently. I think I can sort of fake my way through being normal with adults, but when it comes to kids, I'm going to be kind of fumbling about what to talk about.
Scott 3:16
I don't know. I think you just make fart jokes and threaten to hit them if they don't behave. That's my approach to children. But no dick jokes? You can get on the wrong list. The next time you move, you have to go next door and tell them you've moved in next door, which is a real inconvenience. It's a real bummer. All right. Well, should we start with our weekly review of Market Vitals? Let's do it, my brother. Let's do it, Uncle Ed.
Ed 3:44
The S&P 500 spent the week recovering from Monday's drawdown. The dollar rose. Bitcoin crashed below 100,000, but then rebounded by Thursday, and the yield on 10-year treasuries declined. Shifting to the headlines. President Trump is adopting a corporate-style buyout strategy, offering federal workers the option to resign by February 6th in exchange for pay through the end of September.

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