Bloomberg Businessweek Talks Investment Landscape, Integrating AI at Schwab IMPACT

Bloomberg Businessweek examines the investment landscape from the Schwab IMPACT summit in Boston. Sam Kang, Head of Family Office and Premier Wealth Group for Schwab Advisor Services, discusses how wealthy clients approach long-term investing. Julie Sunwoo, president of DAFgiving360, discusses how the market impacts charitable giving and donor-advised funds. Plus, Rick Wurster, Schwab president and CEO, details Schwab's use of AI in investment services, while D.J. Tierney, senior investment portfolio strategist at Schwab Asset Management, and Michael Vogelzang, CIO at CAPTRUST, discuss risks from AI & tech. Kevin Gordon, Schwab head of Macro Research & Investing, discusses third-quarter GDP and how economic data differs from how people feel about the economy. Mark Mezzanotte, head of Private Wealth Solutions for iCapital, and Jalina Kerr, Schwab head of Advisor Experience, discuss the flows to alternative investments and private equity.

Chapters

00:00:00 Bloomberg Businessweek Daily

00:00:53 Alphabet Plunges on AI & Search Concerns

00:05:16 Family Offices & the AI Wealth Boom

00:09:17 Managing & Transferring Generational Wealth

00:12:53 Donor-Advised Funds & Charitable Giving

00:16:29 Crypto, Private Assets & Philanthropy

00:19:52 Schwab CEO on AI & Financial Advice

00:22:34 Is the AI Boom a Bubble?

00:25:41 Prediction Markets vs. Sports Gambling

00:29:01 AI Agents & Managing Your Money

00:34:25 Market Concentration & Diversification

00:42:30 AI Investing, Volatility & Market Risk

00:49:52 Markets: Alphabet, Big Tech & Earnings

00:52:08 The Economy, Inflation & Consumer Anxiety

00:57:37 Oil, Inflation & Economic Risks

01:01:18 AI, Productivity & the Labor Market

01:08:44 Private Markets & Alternative Investments

01:15:48 Liquidity & Private Credit

01:22:16 Financial Advisors, Wealth & AI

01:30:35 Stock Movers: Alphabet, Microsoft & Chipotle

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