Bloomberg Businessweek cover image

Bloomberg Businessweek

Cisco Buys Splunk for $28 Billion

Sep 21, 2023
59:46
Snipd AI
Cisco Systems acquires Splunk for $28 billion, marking its largest acquisition and foray into software and AI-powered data analysis. ConnectOne Bank CEO discusses the implications of Fed policy for banks and small businesses. Professor of Epidemiology at Johns Hopkins shares insights on Pfizer and Moderna booster vaccines. Mastercard Community Pass founder talks about transforming social service delivery in remote communities in Africa and South Asia. Bloomberg Businessweek explores the Fed's challenges and drive to the close with Hilary Kramer, CIO at Kramer Capital Research.
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Podcast summary created with Snipd AI

Quick takeaways

  • The ongoing auto strike in Michigan poses a significant threat to the Fed's soft landing.
  • The possibility of a government shutdown and the restart of student loan payments present additional challenges to the Fed's soft landing goal.

Deep dives

Challenges to the Fed's Soft Landing

The Fed's goal of achieving a soft landing for the economy is facing a triple threat. The ongoing auto strike in Michigan has the potential to disrupt the economy and supply chains. The possibility of a government shutdown adds further uncertainty. Additionally, the restart of student loan payments could put a strain on consumer spending. Economists are considering the potential impact of these factors and gaming out different scenarios. While the odds still favor a soft landing, these challenges could complicate the Fed's efforts and increase the risk of a harder landing.

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