Prime Minister Liz Truss resigned after 20 minutes, which is never a good look. The most surprising news event of the day for me was Boris Johnson might throw his hat in the ring. I have this image of Boris when he was mayor of London on that zip line with the two British flags. What went wrong? Ideology. You don't get to decide what the bond markets think. That's the whole point of the bond market. And if there's something about Brexit, it's democracy and populism. So I don't know if that's quite going to work.
Ed Price, Principal at Ergo, discusses Liz Truss quitting as UK prime minister after a brief and chaotic tenure that saw her announce a massive package of tax cuts before unwinding most of it in the face of a market rout. Dr. Ian Lustbader, Clinical Professor of Medicine at NYU Langone, talks about inflation impacting healthcare costs. New Balance CEO Joe Preston shares his thoughts on supply chain challenges and inflation hitting the footwear and apparel manufacturer. And we Drive to the Close with Eddie Perkin, Chief Investment Officer at Equity at Eaton Vance.
Hosts: Carol Massar and Mike Regan. Producer: Paul Brennan.
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