McCarthy has a tougher job than John Boehner or Paul Ryan, the last two Republican speakers who were both hounded out of the job by their right wings. The thing that I think a lot of people are worried about is will McCarthy be able to do basic things like pass an appropriation bill. Is there going to be an adult in the room who make these things happen?
Bloomberg Markets Correspondent Kriti Gupta and Bloomberg News International Economics and Policy Correspondent Michael McKee break down the markets and economic reaction to Thursday's encouraging CPI data. Dr. Ian Lustbader, Clinical Professor of Medicine at NYU Langone, discusses seeing a rise in Covid hospitalizations for kids under 6 months. Bloomberg Businessweek National Correspondent Josh Green provides the details of his Businessweek Magazine cover story Narrow GOP Edge Is McCarthy’s Dream—and Nightmare—Come True. Bloomberg Opinion Columnist Matt Levine talks about Binance pulling out of rescuing FTX. And we Drive to the Close with Doug Ciocca, CEO at Kavar Capital. Hosts: Carol Massar and Paul Sweeney. Producer: Paul Brennan.
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