I think that if we look at the data in the bigger macro picture, there's a lot of news in favor of thinking that what Jerome Powell said. We're seeing good news and good data around inflation falling. You're starting to see earnings fall about 10% year over year. I do think that last year the market got hit. I think that there's been a rolling recession in various sectors. I think we're probably closer to the end of this than we are to the beginning of our profession. That's my take on it.
Allison Schrager, Senior Fellow at the Manhattan Institute, discusses her Bloomberg Opinion column on why the widely accepted idea that rates will eventually fall back to pre-pandemic levels is based on economic theories that may turn out to be backward. Bloomberg Businessweek Markets and Finance Editor Pat Regnier and Bloomberg News Wealth Reporter Anders Melin provide the details of the Businessweek Magazine cover story The Big Short That Cost India’s Adani Empire $100 Billion. Bloomberg Businessweek Editor Joel Weber and Bloomberg Technology Co-Host Ed Ludlow talk about Ed's Businessweek Magazine story The Little Research Firm That Took On India’s Richest Man. Bloomberg News Entertainment Reporter Lucas Shaw breaks down Disney's dramatic restructuring, including 7,000 job cuts and $5.5 billion in cost savings. And we Drive to the Close with Sylvia Jablonski, CEO & CIO at Defiance ETFs.
Host: Carol Massar. Producer: Paul Brennan.
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