Wall Street Breakfast Inflation expectations look anchored
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Jul 8, 2025 Consumer inflation expectations are showing signs of moderation, according to a New York Fed survey. Uber drivers gain an advantage with tax-free tips, boosting their earnings. The podcast discusses key leadership strategies for Tesla and the importance of board actions. Goldman Sachs and Bank of America reveal bullish predictions for the S&P 500, hinting at a potential market upswing. Overall, it's an engaging look at the financial landscape and what it means for everyday consumers.
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Moderate Inflation Expectations
- U.S. consumers slightly lowered one-year inflation expectations to 3%, with longer-term expectations unchanged.
- Expectations for unemployment improved, but spending outlook declined despite rising income growth expectations.
Uber Drivers' Tax Benefit Boost
- Uber drivers benefit from a new tax provision exempting tips from tax.
- This could increase driver supply and support Uber's take rates by effectively raising driver income.
Tesla Board Oversight Advice
- Tesla's board should create a pay package tying Elon Musk's ownership and operational time to company goals.
- Establish a board committee to monitor Musk's compliance and manage political interference risks.