Mamdani Is Just the Beginning

The United States just crossed the $40 trillion debt milestone, and new Treasury data shows foreign buyers pulling back. Jackson Mikalic, Michael Tanguma, and Liam Nelson put four stories on the clock (Brian Cubellis is out this week). They break down Anthropic's revenue run rate climbing to $65 billion in July, about seven times where it was a year ago, against OpenAI's recently reported $40 billion, and what it means for the AI capex debate. A new company called Toka can hijack live camera feeds, Google just paid $10 million for Spirit Airlines' internal customer data, and a viral backlash against Flock's license-plate cameras raises the question of who is actually watching your data. Foreign holdings of US Treasuries fell in June, led by Japan and China, and a global bond selloff has sent long-term borrowing costs to their highest levels in decades, right as the country crosses $40 trillion in debt. And with Senate control now a 50-50 toss-up, the group discusses what a Democratic sweep in 2026 would mean for AI regulation, deficit spending, and the K-shaped economy. Where's the signal, and where's the noise?

Chapters

00:56 - Topic 1 - Anthropic's Revenue Surge and the AI Capex Debate 08:53 - Topic 2 - Are You Being Watched? Toka, Google, and Flock Cameras 15:16 - Topic 3 - The Sovereign Debt Crisis and Bond Yields at Decades Highs 22:20 - Topic 4 - Socialism, the Senate, and the K-Shaped Economy 28:48 - Lightning Round and Parting Thoughts