This chapter delves into the latest US economic data, highlighting the rise in the Producer Price Index (PPI) driven by fuel and food costs, alongside retail sales falling below expectations. It explores the White House's perspective on inflation, progress in resolving supply chain disruptions, and efforts to lower consumer costs. The discussion extends to macroeconomic factors impacting Americans, the importance of a U.S.-operated steel sector, potential adjustments to Section 301 tariffs on China, and the uncertain future of TikTok in the U.S.
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Daniel Hornung, Deputy Director with the National Economic Council and Bloomberg News International Economics & Policy Correspondent Michael McKee discuss US PPI data that rose in February by the most in six months, driven by higher fuel and food costs that add to evidence inflation remains elevated. Bloomberg News Technology Reporter Alex Barinka talks about Steven Mnuchin targeting a purchase of TikTok from its Chinese parent company. Bloomberg News Global Economy Reporter Enda Curran provides the details of his Businessweek story America’s Plumber Deficit Isn’t Good for the Economy. Dr. Iman Abuzeid, Co-Founder and CEO at Incredible Health, shares the hiring platform's fifth annual State of US Nursing report. And we Drive to the Close with George Young, Portfolio Manager at Villere Funds.
Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan.
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