The hosts engage in banter before interviewing Kennan, the CEO of Clear Harbor Asset Management. They discuss the recent performance of major indices, U.S. Treasury rates, and insights from a recent Fed meeting on tailoring investment strategies. The conversation delves into the bond market, inflation break evens, and potential indicators of a recession, focusing on historical patterns, consumer stress, and economic signals amid market volatility.
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Bloomberg News International Economics & Policy Correspondent Michael McKee talks about his interview with Cleveland Fed President Loretta Mester who called the latest data showing softer inflation “welcome news,” and said she would like to see a few more months of good data before considering lower interest rates. Bloomberg News Senior Management and Workplace Reporter Matthew Boyle explains what Swedish retailer Ikea is doing to retain workers. Bloomberg News Equities Reporter Bailey Lipschultz discusses how restaurant chain Cava is worth $33 million per restaurant after a blistering debut. Bloomberg News Music and Audio Reporter Ashley Carman provides the details of Spotify's plan to unveil a new premium music service. And we Drive to the Close with Aaron Kennon, CEO at Clear Harbor Asset Management.
Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan.
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