The Rundown - NYSE Owner to Invest $2B into Polymarket, OpenAI Launches Interactive Apps for ChatGPT

Episode Date: October 7, 2025

Stock market update for October 7, 2025. Follow us on Instagram ⁠⁠⁠⁠⁠⁠⁠⁠@therundowndaily⁠⁠⁠⁠⁠⁠⁠⁠This video is for informational purposes only and reflects the views of the host and guest, not Public Holdings or its subsidiaries. Mentions of assets are not recommendations. Investing involves risk, including loss. Past performance does not guarantee future results. For full disclosures, visit ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Public.com/disclosures⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠.

Public.com presents the rundown. Your daily market update in under 10 minutes. My name is Zadadmani, and today is Tuesday, October 7th. In today's episode, we'll tell you why the government shutdown might be helping the market rally. We also break down the New York Stock Exchange's investment into polymarket and what it means for the future of finance. Then we look at some of the big announcements from Open AI's Developer Day and how Chat GPD might power the internet. Then stick around to the end of the show to find out why electricity prices keep going out. We got a great show for you today. Let's go. The markets were off to a great start this week, finishing at another record close. The S&P 500 jumped 0.4%. The NASDAQ was up 0.7%. The vibes

across Wall Street seem to be pretty good right now, despite the ongoing government shutdown. The big winner yesterday was, of course, AMD, which jumped more than 20. 20% after their massive chip deal with OpenAI. We broke down that interesting deal on yesterday's show, so go check that out if you missed it. And the good vibes from the stock market spilled over into crypto as well. Bitcoin hit a new all-time high, crossing $126,000 yesterday. And Ether was back about $4,700 and is getting pretty close to all-time highs as well. And even gold and silver joined the party.

Both notched record highs on Monday. So yeah, pretty much everything is ripping right now. You know, I kind of wonder if the government shutdown might be playing a role in helping this rally, because while the government is shut down, we're not getting any economic data. You know, no unemployment numbers, no jobs data, nothing for investors to stress over. So instead, investors are just buying everything. Now, we are going to get a ton of data starting next week. That's when earnings season kicks off.

So investors will have a lot of data to look over and react to. So we're going to be staying on top of all of this over the next few weeks. So make sure you guys are subscribed to the podcast and tuning in every day to stay in the loop. Let's run through some headlines. The New York Stock Exchange is betting big on betting. The New York Stock Exchange's parent company Intercontinental Exchange, commonly known as ICE, announced plans to invest up to $2 billion into Polly Market, which is the crypto-based prediction market platform that lets users bet on real-world events like elections, sport, or even when the government shutdown will end. This deal.

still values Polymarket at about $8 billion. And ICE says it plans to become a global distributor of Polymarkets event-driven data. You know, the data from these prediction markets could be useful for Wall Street traders. And for Polymarket, this investment by ICE legitimizes them in the financial world. I think more people are going to be willing to try Polymarket, knowing that they're backed by the New York Stock Exchange. You know, it's a huge turnaround for where the company was just a couple of years ago, the platform was banned in the U.S. in 2022 by U.S. regulators for operating without a license. But now with a friendlier regulatory administration, Polymarket plans to launch to U.S. traders later this year. I mean, this seems like a smart investment by the New York Stock Exchange.

Prediction market platforms are booming right now. Another prediction market platform, Kalshi, hit a $2 billion valuation after seeing record NFL betting volume. Clearly people love betting on stuff, whether it's sports, politics, how. many days the government will be shut down and some of that betting volume might come at the expense of stock trading so ice is seeing that trend and getting ahead of it with this investment i mean you really can bet on pretty much anything i was just looking out of this morning you can literally bet on how many times elon will tweet in a week i don't know who wants to bet on that but you can and people clearly are let's shift gears and talk about open ai yesterday they announced their blockbuster deal

with AMD. Well, on that same day, they also held their Developer Day conference in San Francisco. And after seeing all the announcements, it seems pretty clear that OpenAI wants chat GPT to become the next operating system. OpenAI launched something called Apps SDK, which lets developers build apps inside of chat GPT. I'm not talking about plugins or widgets. I'm talking about actual apps that live and run inside the chat window. During the demo, OpenAI showed how you could ask chat GPT to make a poster in Canva or pull real estate listings from Zillow and also queue up your playlist in Spotify. And you'll be able to do all that all without leaving the chat window.

So Open AI is now evolving from answering questions and rewriting emails to becoming the interface of the internet. At least that's what their goal is. CEO Sam Altman said the goal is to create a new generation of adaptive, personalized apps that you can chat with. And soon, developers will even be able to sell their apps or products directly inside chat GPT with instant checkout. You know, we sort of talked about that last week, but clearly Open AI is expanding into e-commerce as well. Sam Altman also teased that this move will unlock agenetic commerce, where AI agents will handle

tasks for you automatically, like booking your trips or buying groceries, sending your emails. I don't know if I want an AI booking my trips or buying groceries for me. For me, I'm finally starting to make sense of OpenAI's vision. They ultimately want everyone interacting with the internet through chat GPT. I don't know if it's a better experience using Zillow through chat GPD instead of just going on Zillow's website. So we'll see how this ultimately plays out. One thing that is pretty clear, though, is that OpenAI is the kingmaker right now when it comes to stocks. Anytime they announce a partnership with the company, the stock price for that company goes up.

It happened with Shopify and Etsy last week and then AMD and booking.com. Since Open AI is still a private company and investors just can't buy their stock in the stock exchange, they're trying to get exposure to the company any way they can. Maybe that $500 billion valuation for Open AI is justified. Let's talk about some stocks making moves today. Trilogy Metals is having an absolutely massive day with shares jumping more than 200% after the US government announced that it's taking a 10% stake in the Mineral Explorer company, for $35.6 million.

The investment is part of the Trump administration's push to make America less dependent on foreign sources for critical minerals like copper, zinc, cobalt, and lead. This new deal also reopens the door for Trilogy's Ambley Road Mining Project in Alaska, which had previously been blocked under the Biden administration over environmental concerns. President Trump has reversed that decision calling the mine critical infrastructure. So yeah, the U.S. government continues to make more investments, and I don't think this is the last one. Now, on the flip side,

chairs of App Lovin are falling after reports that the SEC is investigating the ad tech company's data collection practices. Regulators are reportedly looking into claims that App Loven may have violated agreements with partners like Apple, Google, and Meta by using a ban tracking method known as fingerprinting. Fingerprinting is when apps collect hidden device data to identify users across platforms for targeted ads. Now, App Loven has denied these apps,

accusations, but there have been whistleblower complaints and multiple short-seller reports accusing the company of shady data tactics. So we'll see what the SEC finds with their investigation. You know, if you zoom out on App Lovin, the company has had a wild couple of years. The stock was up 300% in 2024. It's up 70% this year. And it was recently added to the S&P 500. I wonder if the S&P 500 selection committee is regretting that decision now. Let's wrap the show with the fun fact. Electricity prices have been climbing twice as fast as inflation over the past year, and it's way worse in areas near big AI data centers.

It's not really a fun fact, but an important one, and it's part of the AI boom that we've had over the past couple of years. According to Bloomberg, wholesale electricity prices have jumped as much as 267% in the last five years in parts of the U.S. close to data center hubs, like Northern Virginia and parts of Maryland. You know, these AI data centers are giant warehouses full of GPUs sucking up power 24-7 to run everyone's chat GPT queries and SORA AI slop. And as more data centers come online, they will take up more power.

According to Bloomberg, data centers will take up 9% of all power demand by 2035 in the U.S. That's nearly double today's levels. So yeah, one of the side effects of the AI boom seems to be higher electricity bills for the rest of us. And I think there's going to be some backlash in many parts of the country about this. Now, the optimist in me hopes that this sparks like a new energy boom in the U.S. Maybe more nuclear power, better grid infrastructure, maybe some cleaner innovation. So we'll see how this all ultimately plays out. Just personally speaking, I did notice that my power bill was up like 10% this summer compared to last year.

Let me know in the comments if you guys have experienced the same thing with your electricity bill, especially if you live near an AI data center. Well, all right, guys, that's the rundown for today. Hope you guys enjoyed today's episode. If you did and you have like six extra seconds, consider giving us a five-star rating on Apple, Spotify, wherever you listen to your podcast. And if you are listing on Spotify,

don't forget to vote in today's Spotify poll. Leave us a comment on Spotify. All that engagement really does help us out. And it helps other people find the show. Thank you guys so much for listening, watching, and commenting. Shout out to Mike and Connor for all the work behind scenes and we'll see you guys back here tomorrow.

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