In February, restaurants were on the path to surpass manufacturing. Since then, they're just not gaining employment like other parts of the economy. The labor market is tighter and it's getting more expensive to hire these workers. But then there's this perhaps resurgence in manufacturing here in the united states.
Bloomberg News Macro Strategist Cameron Crise recalls major market bottoms over the last seven decades and finds that there hasn’t been a major market bottom that’s looked quite like the current state of play. Bloomberg News Municipal Finance Reporter Amanda Albright explains that pandemic rescue money has been doled out to the likes of racehorse owners and influencers. Bloomberg Businessweek Editor Joel Weber and Bloomberg Opinion Columnist Justin Fox discuss Justin's Businessweek Magazine story Tighter Labor Market Makes Restaurants More Like Factories. And we Drive to the Close with John LaForge, Head of Real Asset Strategy at Wells Fargo Investment Institute.
Hosts: Tim Stenovec and Kriti Gupta. Producer: Paul Brennan.
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