Show and hosts
A new episode of Prof G Markets, hosted by Scott Galloway and Ed Elson. Original English title: Democrats Will Sweep: Which Stocks Will Win & Lose?
Key takeaways
- The latest consumer spending report shows inflation continuing to climb, with both headline and core PCE inflation rising to their highest annual rates since May; voters’ lived experience of the economy is a central variable on election eve 5:51
- Big Tech earnings diverged sharply: Microsoft revenue rose 19% year over year, Azure growth was disclosed for the first time at 48%, and its stock rose as much as 5%; Google revenue rose 25%, but its market value fell by 500 billion dollars in a single day as search and advertising missed expectations and free cash flow was negative 27:47
- Apple has outperformed the other six participants in the AI arms race year to date through the discipline of choosing what not to do: canceling its car project, spending relatively little on VR and being better at saying no 43:23
- Instagram announced that creators can upload videos up to 90 minutes long and that Reels is coming to Apple TV. A key difference from YouTube is that it does not share advertising revenue with creators, putting it in more direct competition with YouTube and Netflix 59:47
- Scott predicts Palantir’s stock will fall even if its earnings beat expectations: at roughly 50 times forward sales, beating expectations is merely the minimum passing grade, and failing to beat them by a wide margin is a sell signal 75:53
Background and notes
In this election-eve episode of Prof G Markets, the hosts discuss the midterms, Big Tech earnings, Instagram’s new features and the week ahead throughout the show. Subtitle coverage: the video has 2027 timestamped subtitle segments covering 0:00–1:17:34 (full runtime 1:17:40), covering the entire video. The views and timestamps in this article are paraphrased from the original subtitles; each timestamp marks the start of the segment containing the corresponding remarks.