Anthropic Model Scare Sparks Bessent, Powell Warning to Bank CEOs

<p>Watch Scarlet and Paul LIVE every day on YouTube: <a href="http://bit.ly/3vTiACF">http://bit.ly/3vTiACF</a>.<br /><br />Bloomberg Intelligence hosted by Paul Sweeney and Alexandra Semenova<br /><br />-Katherine Chiglinsky, Bloomberg US Finance Team Leader, discusses Treasury Secretary Scott Bessent and Fed Chair Jay Powell summoning Wall Street leaders to an urgent meeting on concerns that the latest AI model from Anthropic PBC will usher in an era of greater cyber risk.<br /><br />- Poonam Goyal, Senior U.S. E-Commerce and Retail Analyst at Bloomberg Intelligence, discusses the latest on Nike&rsquo;s recovery.<br />According to Bloomberg Intelligence: Nike&rsquo;s turnaround is taking longer than initially expected though it's coming into clearer focus, with momentum building in North America and a defined roadmap for China.<br /><br />-Steve Man, Bloomberg Intelligence Global Autos and Industrials Analyst, discusses how the auto industry is being impacted by the Iran war. According to Bloomberg Intelligence: The Iran war could add as much as $385 per vehicle in aluminum-related cost pressure, though that impact alone is manageable.EV makers such as Tesla, Rivian and Lucid face greater exposure than GM and Ford because battery electric vehicles use 50-75% more aluminum.</p><p>See <a href="https://omnystudio.com/listener">omnystudio.com/listener</a> for privacy information.</p>