Rivian and Volkswagen’s New Partnership + Scott’s Tax Strategy | Prof G Markets

Market Movements

Scott Galloway and Ed Elson kick off with a review of the latest market movements. The S&P 500 rose nearly 4%, the dollar gained steadily, bitcoin fell about 8%, and the yield on ten-year Treasuries dropped as inflation cooled 1. They also highlight upcoming economic indicators, including the unemployment rate for June and the minutes from the Federal Reserve's latest meeting 2.

   

Company Highlights

The conversation shifts to notable company highlights, starting with Josh Kushner's investment in A24. Ed Elson notes that Kushner, despite his low-key persona, enjoys the company of celebrities and models, suggesting this investment is more about social elevation than returns 3. Scott Galloway adds that such investments often stem from midlife crises, likening it to a billionaire's desire to attend the Academy Awards 4.