The chapter delves into the current economic climate, featuring insights from Torsten Slaugh on financial conditions, market trends, and the potential impact on consumer spending. It discusses the Federal Reserve's stance on interest rates, inflation data, and the evolving expectations around rate cuts. The implications of a scenario with no rate cuts in 2024 are explored, underscoring possible effects on rates, credit markets, and stock dynamics.
Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.
Apollo Management partner and chief economist Torsten Slok joins to share his economic outlook following the latest inflation data, doubling down on his call that there will not be Federal Reserve rate cuts this year. Bloomberg Technology co-host Ed Ludlow joins to talk about why Wall Street is worried about Tesla's quarterly vehicle deliveries report. Mike Kirban, co-founder and executive chair of The Vita Coco Company joins to talk about growth for the beverage brand and the sector broadly. And we Drive to the Close with Eric Jackson, founder and president of EMJ Capital.
Hosts: Carol Massar and Tim Stenovec.
Producer: Paul Brennan.
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