Semiconductor reporter Ian King discusses Micron dropping after an underwhelming forecast. Technology reporter Spencer Soper talks about California Police seizing stolen goods for Amazon. Denny's CEO explains their Diversity, Equity, and Inclusion commitment. Market impact discussion with PNC Asset Management CIO Amanda Agati.
Micron Technology's forecast disappoints investors seeking AI payoff.
California Police seize suspected stolen goods bound for Amazon.
Denny's prioritizes commitment to Diversity, Equity, and Inclusion.
Deep dives
Key Strategies for Denny's Success
Offering all-day diner deals starting at $5.99, Denny's aims to provide value for customers in a challenging economic environment. The company focuses on high-quality and quality-oriented exposures in both equities and fixed income to navigate market uncertainties. Additionally, they are exploring longer-term infrastructure investment opportunities for sustainable growth.
Impact of US Presidential Elections on Investing
The upcoming US election cycle presents unique complexities, making it challenging to predict market responses. Regardless of the election outcome, uncertainties prevail, with market trends leaning more towards financial conditions and concentrated market dynamics rather than political shifts. PNC Asset Management Group considers key investment opportunities in global infrastructure for extended growth prospects.
Prioritizing Diversity, Equity, and Inclusion at Denny's
Denny's commitment to Diversity, Equity, and Inclusion (DEI) forms a core part of the brand's ethos. With a legacy of 30 years in DEI initiatives, Denny's reinforces its dedication through alliances like the Unity in the Community Alliance. The company's proactive approach to fostering inclusion reflects its 'America's Diner for today's America' principle.
Investment Strategy Focus on Infrastructure Opportunities
Looking towards potential infrastructure investments, PNC Asset Management Group views global infrastructure as a compelling asset class with long-term viability. While short-term uncertainties persist, the shift towards infrastructure projects presents favorable prospects for comprehensive growth strategies. The company explores innovative ways to leverage infrastructure investments for sustained returns.
Anticipation for Clarity in Economic Trends
As the market looks towards the second half of the year, investors seek clarity on critical economic indicators such as earnings trajectory, consumer resilience, and potential political outcomes. While uncertainties loom, the focus shifts towards high-quality investments in equities and fixed income in anticipation of market dynamics and emerging trends.
Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF. Bloomberg News US Semiconductor Reporter Ian King discusses Micron Technology, the largest US maker of computer memory chips, dropping on Thursday after its forecast disappointed investors seeking a bigger payoff from artificial intelligence mania. Bloomberg News Technology and E-Commerce Reporter Spencer Soper talks about California Police seizing suspected stolen goods bound for Amazon. Kelli Valade, President and CEO at Denny’s, explains the restaurant chain’s commitment to Diversity, Equity and Inclusion. And we Drive to the Close with Amanda Agati, Chief Investment Officer at PNC Asset Management Group. Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan.
