Wall Street Week | Nvidia Shakeup, Midwest Stadium Bids, Care Work Gap, India’s Wedding Economy

The episode opens with a wide-ranging look at Nvidia after news that Jensen Huang is stepping down amid allegations tied to a Chinese spy, framing the company as both a governance problem and a national-security flashpoint. Richard Haass argues that export controls are weaker in practice than in theory, and that the episode raises questions not just about China but also about chip sales to the United Arab Emirates and the limits of congressional and executive oversight.

The next segment turns to the Chicago Bears and the contest among Illinois and Indiana for a new stadium. The discussion treats the deal as an auction driven by emotion, politics, and tax incentives, with officials in Hammond, Arlington Heights, and Chicago arguing over public costs, property taxes, and whether stadium subsidies actually create new economic activity or simply shift spending around.

Later, the show examines the care economy, where aging demographics are pushing demand for workers even as wages remain low. The segment argues that caregiving is becoming an essential growth industry, but one that will need higher pay, better training, and likely public investment if it is to offer real upward mobility. It closes with India’s wedding economy, where weddings are a major share of GDP, families save and borrow heavily, and gold plays a central financial role in funding ceremonies and loans.