The majority of businesses are well positioned even with continued rate hike expectations over the balance of this year. So we've seen companies as a result of the inflation pressures really try to raise cash out of working capital. And I think one of the key differentiators this year is going to be what's the expectation on the recovery from those defaults, which we believe will be substantially lower than the historic average.
Bloomberg News Chief Correspondent for Global Macro Markets Liz McCormick explains Fed Chair Jerome Powell's admission that the central bank was blindsided by the impact of shrinking its balance sheet four years ago. Roberta Goss, Head of the Bank Loan and CLO Platform at Pretium, discusses the leveraged loan environment. Mark Mahaney, Head of Internet Research at Evercore ISI and Bloomberg Intelligence Senior Technology Analyst Mandeep Singh talk about Meta’s Threads app topping 100 million users. And we Drive to the Close with Abhay Deshpande, Founder and CIO at Centerstone.
Hosts: Carol Massar and Matt Miller. Producer: Paul Brennan.
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