U.S. Rating Downgrade, The War of “Woke” & The AI Chip Boom 5/25/23

A warning from the Fitch credit rating agency about U.S. debt added fresh urgency to ongoing debt ceiling negotiations between the White House and congressional Republicans, with only seven days to go before the United States faces an imminent threat of debt default. Brian Deese, former National Economic Council Director, discusses the latest on debt ceiling negotiations and whether a bipartisan deal can be reached. Mega retailer Target is pulling some of its merchandise that celebrates Pride month after threats to employees. Eric Dezenhall, Dezenhall Resources CEO, discusses corporate America taking a stand on social issues, and how companies can best navigate the tightrope over cultural divide. Plus, Nvidia shares spiked 26% on a huge forecast beat driven by A.I. chip demand.

In this episode:
Eric Dezenhall, @EricDezenhall

Brian Deese, @briandeeseNEC
Kayla Tausche, @kaylatausche

Becky Quick, @BeckyQuick
Brian Sullivan, @SullyCNBC

Katie Kramer, @Kramer_Katie