The port of Long Beach runs by Mario Cordaro was reluctant to say whether or not he sees a recession coming. The consumer outlook is still pretty strong and we haven't seen a lot of kind of impact negative impact in the labor market yet, says John Defterios. We could enter a situation where consumer spending managers to hold up right so we saw the retail sales figures for the past few months pretty dismal but we're coming off of that high Right? And then we could have consumers saying okay I'm going to keep spending maybe not like I did two years ago or a year ago but you know I'll keep this economy going everyone's going to keep doing their part."
Bloomberg Businessweek Editor Joel Weber and Bloomberg News US Economy Reporter Katia Dmitrieva discuss how traditional economic indicators can’t predict the timing of a US recession, and newer forecasting methods are untested. Mario Cordero, Executive Director at the Port of Long Beach, talks about the significance of ports within the US economy. Next Round Capital Partners Founder Ken Smythe explains how private companies are being creative to avoid a down round of funding. Kevin Carter, Founder of EMQQ, discusses how China’s reopening is signaling positive growth and opportunities for investors. And we Drive to the Close with Jimmy Lee, CEO at Wealth Consulting Group.
Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan.
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