Carol Costello: Kalanovich is now saying there's a better chance of a soft landing. She says it looks like we could see the Bloomberg Dollar Index strengthened by, let's call it two or three percent. The Euro and the Yen are still 42 percent undervalued in those terms, she says.Costello: It was the worst stretch of the year on the idea that the Fed's not going to have to hike quite so much.
Bloomberg News Senior Finance Reporter Sri Natarajan breaks down Goldman Sachs reporting second-quarter earnings that fell 58% on an investment-banking slump, real estate markdowns and a goodwill writedown in the consumer business. Dan Morgan, Senior Portfolio Manager at Synovus Trust, shares his insight on Netflix and IBM earnings. David Trainer, CEO of New Constructs, hits Tesla earnings. Ben Walter, CEO of Chase Business Banking, discusses small business owner sentiment. And we Drive to the Close with Bloomberg News Markets Reporter Abigail Doolittle. Hosts: Carol Massar and Matt Miller. Producer: Paul Brennan.
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