A big part of inflation is about expectations. If you expect your costs to go up, you're going to put your prices up. Part of it is just core commodities and what's happened around the world. The war in Ukraine certainly hasn't helped. More money chasing the same amount of goods means higher prices for everyone.
Bloomberg News Senior Finance Reporter Sri Natarajan breaks down Goldman Sachs reporting second-quarter earnings that fell 58% on an investment-banking slump, real estate markdowns and a goodwill writedown in the consumer business. Dan Morgan, Senior Portfolio Manager at Synovus Trust, shares his insight on Netflix and IBM earnings. David Trainer, CEO of New Constructs, hits Tesla earnings. Ben Walter, CEO of Chase Business Banking, discusses small business owner sentiment. And we Drive to the Close with Bloomberg News Markets Reporter Abigail Doolittle. Hosts: Carol Massar and Matt Miller. Producer: Paul Brennan.
See omnystudio.com/listener for privacy information.