This chapter discusses the recent downgrade of the US government's fiscal trajectory by Fitch and explores the potential consequences. The speakers compare this downgrade to the 2011 S&P rating downgrade and express concerns about the market's reaction. They highlight weakening global economic conditions and the complacency in US asset markets, questioning whether the current market performance is an excuse to take profits.
Are Traasdahl, CEO at Crisp, discusses the current state of the start-up credit crunch. Elena Popina, Bloomberg Equity Markets Reporter, and Anna Wong, Bloomberg Chief US Economist, talk about Fitch's US credit downgrade. Bloomberg Businessweek Editor Joel Weber and Bloomberg Technology Reporter Matt Day discuss Amazon's grocery reboot. And we Drive to the Close with Nancy Prial, Co-CEO and Senior Portfolio Manager at Essex Investment Management.
Hosts: Madison Mills and Jess Menton Producer: Sara Livezey
See omnystudio.com/listener for privacy information.