Google's Negative Cash Flow and the AI Capex Reckoning | The Weekly Wrap

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On this episode of The Weekly Wrap, Steve Eisman covers a pivotal week in markets. Google raised its AI capex to $205 billion, posted negative free cash flow, and saw its stock fall 7%, while Tesla was also down 14.5%. Steve also covers results from GE Vernova, Lockheed Martin, Moody's, Blackstone, and ServiceNow. He closes with two mailbags: One on whether banks belong in a portfolio that's already full of AI exposure, and one explaining the mechanics of the funding short.

00:00 - Intro

02:39 - Iran War Updates

03:00 - Moonshot Launches Kimi

03:25 - SpaceX

03:35 - Domino's & the K-Shaped Economy

04:24 - Equifax

06:18 - GM

06:50 - Northrop Grumman & Lockheed Martin

07:51 - GE Vernova

09:12 - Moody's

09:58 - Google

10:54 - Tesla

11:38 - IBM

12:27 - ServiceNow

13:29 - Blackstone

14:38 - The AI Story Has Shifted

15:56 - Intel

16:13 - Mailbag: Bank Stocks

18:06 - Mailbag: Shorting a Stock

19:25 - Outro

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