The housing market and the home builders, they're in recession, right? And if you ask somebody who, some of the manufacturing companies, like we have 3M, they are laying off people. So it feels like a recession to them, but you ask the airlines and everything's hunky door, basically. The counter to that would be that a soft landing is just a precursor to a hard landing.
Bloomberg News Technology Reporter Jackie Davalos discusses Lyft shares taking a big hit after forecasting dramatically lower profits than expected and saying it will cut prices in an attempt to attract and keep customers. Bloomberg Businessweek Editor Joel Weber and Bloomberg News Economics Reporter Rich Miller provide the details of Rich's Businessweek Magazine story Forget Hard or Soft Economic Landing: Meet the Rolling Recession. Bloomberg News Managing Editor for Crypto stacy-marie ishmael breaks down crypto staking and the impact on Kraken and Coinbase. Kent Halliburton, President and COO of Sazmining, talks about sustainable Bitcoin mining. And we Drive to the Close with David Dietze, Senior Portfolio Strategist at Peapack Private Wealth Management.
Hosts: Carol Massar and Katie Greifeld. Producer: Paul Brennan.
See omnystudio.com/listener for privacy information.