Discussing US soft landing, Fed expectations, equity outlook, ETF research, and market headwinds with guests Bob Michele, Liz Young, and Eric Balchunas on the latest episode.
Companies are reevaluating diversity goals in annual reports amid legal and political threats.
Over half of Americans are willing to go into debt for summer vacations in 2024.
Deep dives
Shift in Diversity Reporting in Annual Reports
Companies are starting to remove or alter diversity goals and language in their annual reports, according to an analysis of 10k filings to the SEC. This shift comes amid legal and political threats after an affirmative action decision. Some companies have shortened diversity descriptions or removed race-specific hiring mentions, signaling a reevaluation of the political risk they are willing to take.
Americans Willing to Go in Debt for Vacations
A Bankrate survey reveals that over half of Americans are planning a summer vacation in 2024, with one in three willing to go into debt to fund their trips. Methods include using credit cards, buy now pay later services, borrowing from family or friends, or taking out personal loans. This trend indicates a willingness to prioritize vacations even if it means going into debt.
Apple Explores Lower Cost iPhones for Growth
In a bid to diversify its growth beyond China, Apple is reportedly considering launching a lower-priced iPhone aimed at the $250 range. The move seeks to explore new ways to boost creativity and focus on the job by some workers. This is in line with the legalization of ketamine in certain areas like Oregon and Colorado, leading to a shift in attitudes and perceptions toward its potential benefits.
Watch Tom and Paul LIVE every day on YouTube: http://bit.ly/3vTiACF. Bloomberg Surveillance hosted by Tom Keene and Paul SweeneyApril 22, 2024 Featuring:
Bob Michele, CIO and Head: GFICC at JP Morgan Investment Management, on a US soft landing and expectations for the Fed
Liz Young, Head of Investment Strategy at SoFI, on equity outlook amid recent varying market headwinds and if we're heading for a correction
Eric Balchunas, ETF Analyst with Bloomberg Intelligence, on his latest ETF research note
Bloomberg's Lisa Mateo with her Newspaper Headlines