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Bloomberg News Economics Editor Molly Smith and Bloomberg Opinion Columnist Conor Sen discuss how a surprisingly strong reading on the US housing market added fuel to stocks just a day after Federal Reserve Chair Jerome Powell downplayed mounting economic concerns amid President Donald Trump’s trade war.
Equities rose as data showed US existing-home sales topped estimates and the jobs market remained fairly resilient. While the Federal Reserve kept its benchmark rate steady at its meeting this week, investors are betting that the central bank will still likely cut rates this year. The yield on the benchmark 10-year Treasury fell Wednesday.
Bloomberg News US Sports Business Reporter Randall Williams talks about the Boston Celtics being bought by Chisholm-led group in $6.1 billion deal. Bloomberg Originals Chief Correspondent Jason Kelly shares the details of the 10th annual Brackets for a Cause charity competition. Peter Atwater, Adjunct Professor of Economics at William & Mary, explains why it's investor vulnerability rather than uncertainty that matters. And we Drive to the Close with Paisley Nardini, Asset Allocation Strategist at Simplify Asset Management.
Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan.
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