The markets are beginning to price in a recession, but is that the bottom yet? It's very plausible that this market grinds lower until we see some kind of a catalist that causes everybody to give up the ghost. But valuations have got to be a lot lower than they are to day.
Bloomberg News Economics Reporter Rich Miller explains why the Federal Reserve will probably have to inflict much more pain on the economy to get inflation under control. Bloomberg Businessweek Editor Joel Weber and Bloomberg News U.S. Semiconductor & Networking Reporter Ian King share the details of Ian's Businessweek Magazine story US Risks Falling Even Further Behind With Tortured Chips Act. Bloomberg Intelligence Senior Software & IT Services Analyst Anurag Rana reports on Apple announcing a rare retail promotion in China on Monday, offering four days of discounts on its top-tier iPhones and related accessories. And we Drive to the Close with Christopher Zook, CIO of CAZ Investments.
Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan.
See omnystudio.com/listener for privacy information.