This chapter provides a detailed analysis of the market update, including the performance of major averages and leading stocks like McCormick and United Parcel Service. It delves into the impact of gold prices ahead of key U.S. inflation data and discusses the Federal Reserve's stance on inflation and interest rates. The conversation also explores the implications of inflation on the economy, supply chain disruptions affecting inflation, and individual investors turning to hard assets like gold amid uncertainty.
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Bloomberg Balance of Power Anchor Kailey Leinz reports on the latest news on a major commuter bridge in Baltimore collapsing after being rammed by a container ship. Bloomberg News Trade Tsar Brendan Murray discusses the details of his story Baltimore Bridge Chaos to Test Flexibility Again. Chris Gaffney, President of World Markets at EverBank, shares his thoughts on Fed policy and investing. And we Drive to the Close with Leo Kelly, CEO of Verdence Capital Advisors.
Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan.
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