Traders Bet on the Fed, Country Garden Record Loss

This podcast discusses a warning issued by Chinese developer Country Garden about a possible default and the impact of China's real estate crisis. It also covers China's PMI numbers, central bank policies, the AI industry milestones, and demands for corrective action by US federal regulators on regional banks. The aftermath of Hurricane Adalia, Visa and MasterCard fee increases, arms deals between Russia and North Korea, and the Giuliani defamation case are also discussed. Additionally, the evidence of economic softening and its potential impact on consumer data, along with speculation on soft light vehicle sales data and consumer spending, are covered.