This chapter examines the current state of the financial markets, focusing on the S&P 500's winning streak and the implications of recent CPI data on inflation. The conversation highlights the importance of labor market data and retail sales figures while reflecting on potential recession indicators and the Federal Reserve's interest rate adjustments. A shift towards more defensive investment strategies is discussed, emphasizing caution and the addition of safer assets amid economic uncertainty.
Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.
Bloomberg News Consumer Reporter Deena Shanker and Bloomberg Intelligence Senior Retail Analyst Jennifer Bartashus discuss Mars agreeing to buy Kellanova for nearly $36 billion including debt, bringing together two major food companies in the biggest deal of the year. Bloomberg Technology Co-Host Ed Ludlow and Bloomberg Intelligence Senior Antitrust Litigation Analyst Jennifer Rie break down the DOJ mulling a breakup of Google after a landmark antitrust victory. Bloomberg News White House Correspondent Josh Wingrove explains what a Harris presidency would mean for business and the economy. Bloomberg News Auto Reporter Keith Naughton talks about a new breed of EVs that can go more than 600 miles on a charge. And we Drive to the Close with Dominique Lapointe, Director of Macro Strategy for Manulife Investment Management.
Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan.
See omnystudio.com/listener for privacy information.