Exploring the intricate relationship between mortgage rates, consumer sentiment, and appliance sales, the chapter discusses how interest rates impact discretionary purchases and the importance of stimulating consumer confidence. Highlighting the contrast between replacement market demand and soft discretionary demand, the conversation also delves into the company's strategic focus on small appliances and cost-cutting measures in response to inflation challenges post-COVID.
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Whirlpool Corp. CEO Marc Bitzer discusses news from the company’s investor day and how mortgage rates are impacting the appliance maker. Bloomberg News Chief Technology Correspondent Mark Gurman breaks news that Apple is canceling a decade-long effort to build an electric car abandoning one of the most ambitious projects in the history of the company. Bloomberg News Equities Reporter Bailey Lipschultz explains how debt-addicted companies are seeking equity as interest costs skyrocket. And we Drive to the Close with Adrianne Yamaki, Founder & Financial Advisor at Strategic Wealth Capital.
Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan.
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