Single Best Idea With Tom Keene: Gary Gensler

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2:05Look, in terms of private credit, I think that there's some risks there, but it's a small part of our overall capital markets. So, forget, US capital markets, what, 150 trillion or so, and this is a $2 trillion corner. But there are some risks, and I'm sure we'll get into it, particularly because they've offered to retail investors, high net worth individuals, what's called the wealth channel to be part of this. And the wealth channel is turning on it, they're saying, we don't want to be in here as much as we can, we redeem out. And that's a little hard. Gary Gensler there of MIT as slow, and we continued our conversation, too many things to talk about. And yes, I asked him, you know, ingest, is he letting a students at MIT use artificial intelligence, Professor Gensler, on this new thing, AI. Oh, it's everywhere, Tom, the students are using it, and I don't use it to grade students,

3:09but I do use artificial intelligence to do research, to challenge, to, so I don't think you can say in a classroom, oh, we're going to ban it, no, this is the calculator came along when I was a kid, we use it, the internet came along, we use, here's the thing, students, if you're listening. You have to command it, you have to challenge it, don't let AI command you. You have to stay ahead of that, I caught the AI bear. The former chairman of the Securities and Exchange Commission, Gary Gensler, we're on a podcast on Apple, on Spotify, on YouTube podcasts, it's single best idea. When the rest of the market slowed down, the futures market keeps moving. Did you know that CME Group S&P 500 and NASDAQ 100 futures trade nearly 24 hours with

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