There is a long term sort of generational shift here that we're likely to see the next couple of years. But when we move out of this, there is a real affordability problem in US housing. A lot of this is a zoning issue. It's not as much of a profit margin issue. They're just simply not allowed to build houses in so many places. And so you hear Lenoir, you hear a lot of the other home builders really appealing to cities and saying, let us- it's commodity land, right?
Bloomberg News Economics Editor Molly Smith and Bloomberg News Reporter Simone Foxman break down the US and global housing outlook. Bloomberg Intelligence Senior Transportation Analyst Lee Klaskow reports on FedEx earnings. Holly May, Global Chief Human Resources Officer at Walgreens Boots Alliance, discusses the company's commitment to improving mental health and wellbeing. And we Drive to the Close with David Trainer, CEO of New Constructs.
Hosts: Carol Massar and Matt Miller. Producer: Paul Brennan.
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