Summary

We speak to Former FTC Chief Technologist Neil Chilson about the agency's new investigation into AI companies including OpenAI and Anthropic. Then, Former Fed Vice Chair Alan Blinder joins with his expectations for the jobs report tomorrow and monetary policy at large. Plus, ahead of Nike earnings, we speak to one of the few analysts with a buy rating on …

Key takeaways

• The FTC's investigation into OpenAI and Anthropic is grounded in existing consumer protection law—not new AI regulation—focusing on whether companies made unfair or deceptive claims about their technology's safety.
• Google's new Gemini 4 Argonne model matches OpenAI on key benchmarks, but Wall Street's concern has shifted from model capability to agentic strategy and monetization, with Meta's free Muse app outpacing Google's paywalled Spark agent in consumer adoption.
• In equities, rising rates are compressing opportunity sets: large-cap hyperscalers and energy stocks (e.g., Chevron, Exxon at ~13x earnings with 2.5–3.5% yields) offer relative value, while small/mid-cap tech and consumer discretionary names face elevated risk from higher cost of capital.

Why this matters

For B2B leaders and investors, the convergence of FTC enforcement using existing consumer protection frameworks, the race to deploy AI agents at scale, and a sustained high-rate environment is reshaping competitive moats, regulatory risk, and capital allocation priorities across technology, energy, and consumer sectors.

Entities

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Show notes

We speak to Former FTC Chief Technologist Neil Chilson about the agency's new investigation into AI companies including OpenAI and Anthropic. Then, Former Fed Vice Chair Alan Blinder joins with his expectations for the jobs report tomorrow and monetary policy at large. Plus, ahead of Nike earnings, we speak to one of the few analysts with a buy rating on the stock.Squawk on the Street Disclaimer Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection an

Themes

• openai
• anthropic
• ai-regulation
• investing