Snap’s “Crucible Moment” Flops On Wall Street

Ed Elson is joined by Mark Gurman to discuss what investors thought about Snap's new AR Specs and what the launch says about the company's future. Then, Mark Zandi breaks down the Fed's latest interest rate decision and whether a rate hike is still on the table this year. Later, Vasant Dhar joins the show to explore what role AI should play in investing. Finally, Ed explains why he believes Snap's latest bet could be the final nail in the coffin for the company. Timestamps 00:00 - Intro 00:27 - Market Vitals 00:59 - Snap Specs (ft. Mark Gurman) 09:05 - Ad Break 10:29 - Fed Decision (ft. Mark Zandi) 17:34 - Ad Break 18:56 - AI Investing (ft. Vasant Dhar) 25:34 - Break 26:01 - RIP Snap 27:38 - Credits — Subscribe to the Prof G Markets Youtube Channel    / @profgmarkets   Subscribe to the Prof G Markets newsletter: https://links.profgmedia.com/markets-... Order "Notes On Being A Man" now! https://amzn.to/4nl4VKo Subscribe to No Mercy / No Malice: https://links.profgmedia.com/nmnm-yt-... Follow Markets on Instagram:   / profgmarkets   Follow Scott on Instagram:   / profgalloway   Follow Ed on Instagram, X and Substack:   / ed_elson_     / edels0n   https://substack.com/@edwardelson Note: We may earn revenue from some of the links we provide.