At the center of all this is still the labor market. That's what's really keeping the whole economy going right now. Mike, do you feel like J. Pals feeling pretty good about this report and where things are moving? Well, he has to be wary. We've played whack-a-mole with inflation. Something goes down, and then the next month it goes back up again. But I don't know if you saw Paul Krugman's column today, the New York Times, the headline was, dude, where's my recession? Because people have been predicting it for so long.
Bloomberg News International Economics & Policy Correspondent Michael McKee and Bloomberg News Economics Editor Molly Smith discuss today's CPI data and the Fed's next move. Bloomberg News Senior Finance Reporter Sri Natarajan explains why Goldman Sachs is breaking with its long-standing convention and have been actively downplaying expectations for earnings results that will be disclosed next week. Sean O’Hara, President at Pacer ETFs, talks about the companies that make Amazon Prime Prime Day possible. And we Drive to the Close with Tony Roth, CIO at Wilmington Trust.
Hosts: Carol Massar and Matt Miller. Producer: Paul Brennan.
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