Slate Daily Feed Slate Money - The Hyundai ICE Raid
Sep 13, 2025
A controversial ICE raid at a Hyundai plant disrupts operations and raises fears about foreign investments in the U.S. Meanwhile, Oracle's stock skyrockets due to AI deals, inching it closer to a trillion-dollar valuation. The hosts also critique JP Morgan's extravagant new skyscraper, likening it to a Vegas hotel while discussing corporate real estate trends. Plus, a quirky segment features a playful rivalry between Zuckerberg and Zuckerberg, adding a lighthearted touch to serious financial discussions.
AI Snips
Chapters
Transcript
Episode notes
Coordinate Enforcement With Investment Goals
- Recognize tensions between immigration enforcement and investment promotion when planning industrial policy.
- Coordinate federal and state agencies to avoid actions that derail major foreign investments.
Foreign Managers Are Often Necessary
- Foreign investment creates domestic jobs that wouldn't exist otherwise, even if some roles are filled by foreign managers.
- Senior foreign managers often are necessary for technical setup, internal coordination, and language-specific company knowledge.
Oracle's Surge Tied To AI Contracts
- Oracle's stock jumped on huge AI-related contracts and future data-center revenue, despite modest current profits.
- The market values the ability to assemble massive compute, power, and contracts more than today’s margins.