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Wall Street Breakfast

Maserati sets autonomous driving speed record

Wall Street Breakfast

Seeking Alpha

Business, Investing, Business News, News

3.8950 Ratings

🗓️ 25 March 2025

⏱️ 6 minutes

🧾️ Download transcript

Summary

Maserati MC20 clocks nearly 198 mph at Cape Canaveral. (0:15) Consumer confidence expectations fall to 12-year low. (1:15) Massachusetts probing Robinhood over prediction markets. (4:20)  

Show Notes 
Vanguard cuts U.S. growth forecast

Episode transcripts: seekingalpha.com/wsb
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Transcript

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0:00.0

Welcome to Seeking Alpha's Wall Street Lunch, our afternoon update on today's market action,

0:07.4

news, and analysis. Good afternoon. Today is Tuesday, March 25th, and I'm your host, Kim Khan.

0:14.0

Our top story so far. Forget 88 miles per hour is the future. How about 198?

0:19.7

Stalantis announced that its indie Autonomous Challenge

0:22.2

Mazurati MC20 shattered records for autonomous driving on March 3rd. The driverless

0:27.6

mazorati blazed down the Space Florida launch and landing facility runway at 197.7 miles per hour

0:34.0

to set the speed record. The Maserati was controlled by AI driver software without any

0:38.9

problems. Held at the iconic NASA Space Shuttle runway in Cape Canaveral, the India Autonomous

0:44.0

Challenge tested the limits of autonomous technology through high-speed racing. The MC20-6-Natuno

0:51.8

engine was highlighted as delivering 0 to 100 kilometers per hour

0:55.4

acceleration in 2.88 seconds and a top speed of over 326 kilometers an hour.

1:01.8

It was also noted that the autonomous car benefits from the Maserati twin combustion technology,

1:06.7

the innovative combustion system built entirely in-house at Maserati, and evolved from the pre-chamber technology used on Formula One power trains.

1:14.8

Look into the economy, the Conference Board's measure of March consumer confidence sank to 92.9 from 100.1 in February, below the forecast of 94.2.

1:24.1

The expectations index slid 9.6 points to 65.2, the lowest level in 12 years and well below the 80 threshold that usually indicates a recession ahead.

1:34.3

The present situation index dipped to 134.5 from 136.5 prior.

1:40.3

Stephanie Gwichard, senior economist at the conference board, says consumer optimism about

1:45.8

future income, which has held up quite strongly in the past few months, largely vanished,

1:50.4

suggesting worries about the economy and labor market has started to spread into consumers'

1:54.6

assessments of their personal situations. Pantheon macroeconomist Samuel Toombs says,

1:59.5

the conference board survey echoes the University of Michigan survey and suggesting the new administration's plans for tariffs and spending cuts are going down like a lead balloon with households.

2:09.4

The headline confidence index now is 17 points lower than October just before the elections and a massive 32 points lower than in March 2017, two months into Mr.

...

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