(Subtitles may contain inaccuracies) We had President Lee saying that the BOK did the right thing when it held rates steady instead of cutting rates because that would boost the property market further. Saying the property market is a ticking time bomb. What's your take on whether or not the property sector is in fact one of the considerations for your monetary policy decisions.Yes. Definitely property prices, especially in metropolitan area and Seoul, affect the financial stability. And price stability is ...

From my perspective, it's not necessarily about automating accountants wholesale. It's about empowering them to automate some of the boring work that I did back in back in the day when I was doing the job and really shifting the role to be a little bit more like a technologist and less like a number cruncher or a bean counter. >> A lot of my guests, whether it was in legal or banking, they they make the same case, but we're empowering our employees.>> Yeah. >> And I have to raise an eyebrow. Really.I mean, ...

Economic Overview - The concept of a K-shaped economy gained prominence in 2020, characterized by diverging economic fortunes [1] - High-income earners and those with wealth prospered, benefiting from a rising stock market and remote work opportunities [2] - Conversely, those without stocks or home ownership faced challenges, with unemployment remaining above 6% at the end of 2020 [2] - By 2025, the K-shaped dynamic reemerged, with consumer spending slowing among lower-income individuals while wealthier individuals continued to benefit from stock market performance [3][4] Inequality and Economic Impact - A K-shaped economy reflects economic inequality, which, while inherent in a capitalistic system, can lead to slower growth and social unrest when it becomes too wide [4][5]

Labor Market & Inflation - The ADP data may not strongly correlate with the official government jobs report [1] - Recent data indicates a pullback in the labor market combined with accelerating inflation, which has risen from 23% to 3% [2] - The government shutdown is complicating the Fed's ability to project the labor market and inflation [3] Federal Reserve (The Fed) Policy - Chair Powell tempered expectations of a rate cut in December, emphasizing data dependency [4] - There is conflict within the FOMC regarding future policy decisions [5] - The decision regarding a rate cut in December is expected to be very close [5] Fiscal Policy & Housing Market - The odds of $2,000 tariff rebate checks are considered to be under 1% [7] - Tariff revenue was initially intended to offset $1 trillion of the $4 trillion cost of tax cuts [8] - The Supreme Court appears skeptical of Trump's tariffs, potentially leading to their reversal and refunds to companies [8][9] - A 50-year mortgage saves approximately $200 per month compared to a 30-year mortgage for a $400,000 house with a 6% interest rate, but results in paying $320,000 more over the loan's duration [11][12] - The speaker suggests the administration should focus on proven housing affordability solutions like increasing housing supply and zoning reform [12] - The current tariff policy is significantly increasing the cost of constructing new homes [14]

I wanted to talk about one of the pressure points of this shutdown, which is, of course, the ongoing delays when it comes to air travel. And we had a really interesting article today on the Bloomberg News terminal that's reporting that before the mandated flight cuts went into effect, some airline executives privately pressed for more information about the safety data around making these cuts. What do we know about these conversations between the private sector and the Trump administration.Right. Well, this ...

Healthcare Affordability & Policy Debate - The discussion centers on making healthcare affordable in the United States, particularly regarding Affordable Care Act (ACA) premium subsidies [5][7][14] - A key point of contention is whether subsidies benefit families or primarily go to big insurance companies [3] - Republicans propose structural changes to the ACA, including cost-sharing provisions, to reduce premium costs [6] - The "Working Families Tax Cut Act," proposed by House Republicans, aimed for a 12.7% decrease in premium costs, but was opposed by Senate Democrats [6] - The concept of "Trumpcare," where individuals manage their own health insurance accounts, is introduced as a potential alternative [8][9] - Eliminating the "middleman" (pharmacy benefit managers and insurance companies) is suggested to lower healthcare costs [11][12][13] Economic Impact & Political Messaging - A Harris poll indicates that half of respondents feel the economy isn't working for them, highlighting affordability concerns [14] - Republicans believe the economy will improve after the implementation of the "Working Families Tax Cuts Act" [15] - The focus is on addressing housing and healthcare affordability nationwide [15] - Constituents are more concerned with putting American workers first than receiving tariff revenue [18] - The administration aims to make America affordable, safe, and secure through various policies [19]

Government Shutdown Impact on Air Travel - Potential travel restrictions are linked to government reopening and controller staffing [1] - Initial travel restrictions are at 6% [1] - Staffing triggers impacting air travel occurred, with improvements observed [1][2] - Saturday saw 81 staffing triggers, Sunday 53, indicating significant issues [2] Potential Disruptions and Airline Response - Government shutdown could lead to massive disruptions, though quantification is uncertain [2][3] - Disruption could exceed 10% [3] - Airlines might ground planes if the government doesn't reopen, indicating a serious situation [4]

Bitcoin right now, lower by almost 2% at $103,000 apiece. And of course, it's still trading below its 200 day moving average as well. The long term trend line here, it's really struggled to maintain momentum and stage a recovery from that mass liquidation event on October ten.What do you see when it comes to sentiment, not just Bitcoin but the crypto space that's that liquidation is the largest in crypto history in terms of a single day liquidation. And after that I saw lots of altcoins losing momentum on t ...

Market Performance & Trends - The Dow Jones Industrial Average reached a record high, up 12% or 600 points to 4792 [7] - The S&P 500 saw 343 names gaining, with only the tech sector (down 075%) in the red [8] - Healthcare led gains in the S&P 500, up over 2%, with energy and consumer staples also gaining at least 12% [9] - The Nasdaq Composite was under pressure due to Nvidia's drop [4][6] Company Specific News - Paramount Skydance's stock rose nearly 10% after raising its target for job cuts and cost-saving measures, aiming for at least $3 billion in cost savings and planning to invest $15 billion in Paramount Plus by 2026 [10][11] - RealReal's stock surged 38% after reporting EPS and sales above estimates and boosting its revenue guidance for the full year, with about 25% of the float being shorted [12] - Instacart's (Maplebear's) stock was up 5% after posting better-than-expected order growth and providing an upbeat earnings outlook [13] - Nvidia's shares fell 3% after SoftBank sold its entire stake for $583 billion to bankroll AI investments [14][15] - CoreWeave's shares dropped 163% after lowering its annual revenue forecast to $505 billion - $515 billion from a previous high of $535 billion due to a delayed customer contract [15][17] - Beyond Meat's fourth-quarter net revenue forecast missed the average analyst estimate, projecting $60 million - $65 million versus the Bloomberg consensus of $701 million [17] Economic & Policy Impacts - Potential government reopening by Friday could lead to a stream of data being released [4] - Airline cancellations were tracking around 1700, below the 2000-3000 seen in previous days [6] - Visa and MasterCard settled a 20-year litigation with retailers, potentially allowing retailers to reject certain premium cards with higher transaction costs [22][23][25] Labor Market & Corporate Policy - Walgreens is cutting pay for hourly workers and reducing paid vacation time for some holidays [18]

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