Neal Gabler: Consumer sentiment can really only go one way, right? He says even though people are seeing wage growth and they feel confidence in the jobs that they're holding, they're seeing inflation eat away at their income gains. But there still isn't any let up in consumer spending, he says.Gabler: Consumers have a lot of avenues to offset the impact of hire inflation. How long does that last? "I think it could last for quite some time"
Bloomberg News International Economics and Policy Correspondent Michael McKee, Bloomberg News Equities Reporter Jess Menton and Neil Dutta, Head of Economic Research at Renaissance Macro Research, discuss Friday's CPI data and how inflation is impacting the economy and the markets. Bloomberg Businessweek Editor Joel Weber and Bloomberg News Financial Investigations Senior Writer Stephanie Baker discuss Stephanie's Businessweek Magazine story 3M Risks Criminal Charges for ‘Forever Chemicals’ in Europe. Noelle Acheson, Head of Market Insights at Genesis Trading, explains why crypto correlations spike in times of market uncertainty. And we Drive to the Close with Amanda Agati, Chief Investment Officer at PNC Asset Management Group.
Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan.
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