The chapter delves into the recent market pullback and declines in major indices, highlighting churn and rotation beneath the surface. Discussions focus on the relationship between market movements, Fed policy, and the potential resurgence of cyclical leadership, driven by improving global growth. Insights are shared on the stability in the economy affecting sector movements and the upcoming implications from companies like meta on advertising revenue and big tech earnings.
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Bloomberg Technology Co-Host Ed Ludlow discusses Tesla easing concerns about disappointing earnings results and diminished growth by vowing to launch less-expensive vehicles as soon as late this year. Bloomberg News Projects and Investigations Reporter Zach Mider shares the details of his Businessweek story A Hedge Fund Billionaire's Cash Helped Fund 'Predatory' Lender. Mike Brown, President and CEO of Travel + Leisure Co., talks about the company's earnings and the growing demand for travel. Mattel CEO Ynon Kreiz chats about the toymaker's earnings and growth strategy. And we Drive to the Close with Liz Ann Sonders, Chief Investment Strategist at Charles Schwab.
Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan.
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