Rates Hit 16-Year High, and Zuck and Musk Square Off Amid Threads Launch 7/6/23
CNBC's "Fast Money"
00:00
The Economic Crunch Continues
The longer the market continues to say, don't tell me, the more risk we have of a more precipitous collapse. Right now, so much of what's driving this rally is enthusiasm about new technology. But you are seeing earnings being softer, weaker, generally speaking. Do companies run out of pricing power while they're still having to pay higher wages for their workers? I think that's where the crunch happens and that's what people are worried about.
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