The question always becomes like, is this just another bear market rally? And so the question just becomes, are we at a point where the Fed is not going to end the rally by talking down any optimism by very harsh, hawkish language? If you think what ended the bear market bump that took place in July and August, it was Powell and Jackson Holt. So if the Fed now and the red investor being one of the head hawks is talking a little less strongly, the market might take that as a higher probability that this may not be a bear market bounce, but something started up next legible market.
Bloomberg Markets Correspondent Kriti Gupta and Bloomberg News International Economics and Policy Correspondent Michael McKee break down the markets and economic reaction to Thursday's encouraging CPI data. Dr. Ian Lustbader, Clinical Professor of Medicine at NYU Langone, discusses seeing a rise in Covid hospitalizations for kids under 6 months. Bloomberg Businessweek National Correspondent Josh Green provides the details of his Businessweek Magazine cover story Narrow GOP Edge Is McCarthy’s Dream—and Nightmare—Come True. Bloomberg Opinion Columnist Matt Levine talks about Binance pulling out of rescuing FTX. And we Drive to the Close with Doug Ciocca, CEO at Kavar Capital. Hosts: Carol Massar and Paul Sweeney. Producer: Paul Brennan.
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