This chapter blends a humorous discussion of food at the US Open with a serious analysis of U.S. inflation and job market challenges, revealing the complexities individuals face amidst economic optimism. It delves into recent layoffs at Goldman Sachs and explores the disconnect between seemingly positive hiring statistics and the harsh realities for job seekers, particularly recent graduates. Additionally, the chapter examines the growing influence of private equity in youth sports, discussing its potential benefits and risks in transforming community engagement in athletics.
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Bloomberg News Economics Editor Molly Smith discusses US core PCE advancing 0.2% in July, in line with expectations, reinforcing policymakers’ plan to start cutting interest rates next month. Bloomberg News Business of Sports Reporter Ira Boudway shares the details of his Businessweek Magazine story Private Equity Sets Sights on $30 Billion Youth Sports Industry. Bloomberg News Senior Reporter Gillian Tan explains why the hottest celebrity ticket this year is free US Open seats. And we Drive to the Close with David Dietze, Senior Investment Strategist at Peapack Private Wealth Management.
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