Jennifer Bartashus reports on Walmart earnings & outlook. Dr. Ian Lustbader discusses AI in medicine. Sheila Patel explores venture capital in 2023. Zeke Faux explains crypto scams. John Augustine shares closing thoughts. Topics include Walmart Plus, AI in medical imaging, VC challenges, online gambling scams, borrowing amidst high interest rates, and Fed's actions.
Walmart's value perception is increasing, leading to an expansion in its market share.
Artificial intelligence has the potential to revolutionize the medical profession.
Venture capital has undergone significant changes in 2023.
Deep dives
Bank Lending and Loan Demand Remain Strong
In the banking sector, loan demand remains robust, with businesses spending on capital expenditures in the second quarter. While loan demand may slow down slightly in the third quarter, businesses are still utilizing cash and making investments.
The Fed's Role and Potential Rate Hikes
The Federal Reserve's actions and future rate hikes are a key concern for investors. The expectation is that the Fed will skip a rate hike in September, but potentially raise rates in November. This decision will be influenced by GDP growth and inflation trends.
Bond Buying Strategy and Short-Term Focus
Given current market conditions and uncertainties, a short-term bias towards bonds is recommended. The strategy involves purchasing bonds now and gradually transitioning to stocks over a three-month period. The emphasis is on cautious steps and a short-duration bond allocation.
The Importance of the Fed in the Investment Landscape
The actions and statements of the Federal Reserve play a significant role in shaping investment decisions. Market participants closely monitor the Fed's meetings, projections, and potential rate decisions to gauge market direction and adjust their portfolios accordingly.
Market Observations and Portfolio Adjustments
Huntington Private Bank recently added several companies to its portfolio, including Adobe, American Express, Rockwell Automation, Parker Hannifin, T-Mobile, Netflix, Starbucks, and Salesforce. These decisions reflect stock pickers' approach based on fundamental analysis, valuation plays, and post-earning season evaluations.
Bloomberg Intelligence Senior Retail Staples & Packaged Food Analyst Jennifer Bartashus reports on Walmart earnings and outlook. Dr. Ian Lustbader, Clinical Professor of Medicine at NYU Langone, talks about the use of artificial intelligence for medical professionals. Sheila Patel, Vice Chair of B Capital, shares her thoughts on how venture capital has evolved in 2023. Bloomberg Businessweek Editor Joel Weber and Bloomberg News Financial Investigations Reporter Zeke Faux provide the details of Zeke's Businessweek Magazine cover story A Descent Into Crypto Hell Started With a Spam Text From ‘Vicky.’ And we Drive to the Close with John Augustine, CIO of Huntington Private Bank. Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan.