Riley: O'Reilly has a very passing kind of correlation to used car prices, but it's very directly related to that. Riley: The longer the age of the vehicle on the road, the more likely it is to need parts. And as cars are now so expensive and getting qualified to take a loan to buy a new one is harder and harder, you're going to work on fixing up the car you have. But at the same time, just turnover in the car market makes that tailwind more sticky.
Bloomberg News Chief Correspondent for Global Macro Markets Liz McCormick explains Fed Chair Jerome Powell's admission that the central bank was blindsided by the impact of shrinking its balance sheet four years ago. Roberta Goss, Head of the Bank Loan and CLO Platform at Pretium, discusses the leveraged loan environment. Mark Mahaney, Head of Internet Research at Evercore ISI and Bloomberg Intelligence Senior Technology Analyst Mandeep Singh talk about Meta’s Threads app topping 100 million users. And we Drive to the Close with Abhay Deshpande, Founder and CIO at Centerstone.
Hosts: Carol Massar and Matt Miller. Producer: Paul Brennan.
See omnystudio.com/listener for privacy information.