Cracks Beneath the AI Boom: Is the U.S. Economy Heading For a Downturn? | The Weekly Wrap

On this episode of The Weekly Wrap, Steve Eisman recaps a volatile week in the market and discusses Zohran Mamdani becoming mayor of New York, the latest in earnings (both in the AI and non-AI space), FICO & credit bureaus, and more.     00:00 - Intro 01:10 - A Volatile Week in the Market 02:03 - Inside the K Shaped Economy: Are We Prone For a Downturn? 05:05 - Zohran Mamdani Elected Mayor of New York 05:50 - Earnings: AI-Related Companies 14:05 - Earnings: Non AI-Related Companies 19:40 - What is Going on With FICO and the Credit Bureaus? 21:48 - How Does Money Creation/Fractional Reserve Banking Really Work? 23:27 - Outro    Watch my Financial Literacy Masterclass video here: https://youtu.be/u8chA7LC8lU    Subscribe 👉🏻https://www.youtube.com/@RealEismanPlaybook?sub_confirmation=1    Connect with Steve Eisman and access all things The Eisman Playbook: 🌐 https://linktr.ee/realeismanplaybook → Follow on socials, watch episodes, and get the latest updates — all in one place.    Disclaimer: The financial opinions expressed are for information purposes only. The opinions expressed by the hosts and participants are not an attempt to influence specific trading behavior, investments, or strategies. Past performance does not necessarily predict future outcomes. No specific results or profits are assured when relying on this content. Before making any investment or trade, evaluate its suitability for your circumstances and consider consulting your own financial or investment advisor. The financial products discussed in ‘The Eisman Playbook' carry a high level of risk and may not be appropriate for many investors. If you have uncertainties, it's advisable to seek professional advice. Remember that trading involves a risk to your capital, so only invest money you can afford to lose. Derivatives are unsuitable for all investors and involve the risk of losing more than the amount originally deposited and any profit you might have made. This communication is not a recommendation or offer to buy, sell, or retain any specific investment or service.    Copyright ©2025 Steve Eisman  Learn more about your ad choices. Visit megaphone.fm/adchoices