Technology reporter Mark bergen is all over it. The takeaway is that they're going to slow down. How are we as investors supposed to read this? Is this a manager saying, ok, things ar a litle bit different,. or more broadly about what's going on at alphabet? I assume s ays more about the economy.
Bloomberg News Technology Reporter Mark Bergen explains that Google plans to slow hiring for the remainder of the year in the face of a potential economic recession. Bloomberg Businessweek Editor Joel Weber and Bloomberg News Markets Reporter Justina Lee talk about Justina's Businessweek Magazine story How Three Arrows Capital Blew Up and Set Off a Crypto Contagion. Saks CEO Marc Metrick shares the details of the Saks Pulse survey on luxury goods spending. Cheryl Pate, Senior Portfolio Manager at Angel Oak Capital, provides a preview of bank earnings. And we Drive to the Close with Eddie Perkin, Chief Investment Officer for Equity at Eaton Vance.
Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan.
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