How do you expect that to play out in markets, and particularly the bond market? Because theoretically, therei be less demand for bonds, i would think, just by the laws of supply and demand, that should make yields go higher. We're actually more positioned for the longer end, say the 30 year, to move back above two %. So a pretty decent move from here. How are you thinking about inflation? Because we did see in this report, i guess you could say the silver lining was wage growth. Some economists fear a wage price spiral. I personally don't think that that's necessarily always in the data.
Becky Frankiewicz, President at ManpowerGroup, discusses the August jobs report miss as a result of the delta variant. Bloomberg News Senate Reporter Steven Dennis talks about Senate Democrats discussing a wider range of tax proposals including levies on stock buybacks, carbon emissions and executive compensation. Bloomberg News Finance Reporter Noah Buhayar shares his Businessweek Magazine story A Seattle Commercial District’s Trial by Virus. David Kinitsky, CEO of Kraken Bank, shares his thoughts on closing gap between crypto and traditional finance. And we Drive to the Close with Brian Jacobsen, Senior Investment Strategist at Wells Fargo Asset Management.
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