Wall Street Breakfast Twelve headlines. One year. 2025
9 snips
Dec 31, 2025 The hosts dive into a whirlwind of significant events from 2025, starting with a shock from DeepSeek that stirred AI discussions. They navigate through the Trump administration's chaotic directives on layoffs and tariffs that rocked financial markets. March brings a spotlight on quantum computing's rise, thanks to NVIDIA's breakthrough. As tensions around fiscal policies escalate in June, host controversies emerge, and by October, an unprecedented government shutdown unfolds. Finally, cannabis stocks react sharply to rescheduling news amidst a turbulent year.
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Cheap LLMs Sparked A Market Rethink
- DeepSeek's paper suggested large language models can be built cheaply without heavy human supervision.
- Markets briefly repriced on that possibility before the status quo of expensive GPUs returned.
Political Layoff Orders Shift Macro View
- The Trump administration told agencies to prepare for large-scale layoffs, shifting macro expectations.
- Kim Kahn noted layoffs could boost unemployment and reduce consumer spending, affecting rate outlooks.
Tariffs Provoked Wide Market Debate
- April's tariff announcement sparked broad market debate about consumers, companies, and global demand.
- The tariffs triggered heavy reader engagement and price action as investors digested the implications.