There's a massive backlog of legal immigrants who just can't get through the system, he says. "That's a lot of people that could fill a lot of jobs that aren't coming" The cost of bringing a container from Asia to the U.S. is completely back down to the level it was pre-pandemic. Ben: Federal government pumped about a trillion dollars into small business landscape between PPP and other programs.
Bloomberg News Senior Finance Reporter Sri Natarajan breaks down Goldman Sachs reporting second-quarter earnings that fell 58% on an investment-banking slump, real estate markdowns and a goodwill writedown in the consumer business. Dan Morgan, Senior Portfolio Manager at Synovus Trust, shares his insight on Netflix and IBM earnings. David Trainer, CEO of New Constructs, hits Tesla earnings. Ben Walter, CEO of Chase Business Banking, discusses small business owner sentiment. And we Drive to the Close with Bloomberg News Markets Reporter Abigail Doolittle. Hosts: Carol Massar and Matt Miller. Producer: Paul Brennan.
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