Drew Mattis

Mahir Mysore, a partner at McKinsey & Company and supply-chain expert, highlights how AI is reshaping tariff management and enhancing resilience in businesses. Drew Mattis, managing director at MetLife Investment Management, discusses current market behavior and economic trends. They explore the U.S. Department of Agriculture’s $16 billion aid package for farmers affected by natural disasters, while also addressing the ongoing calculations for tariff-related assistance. The conversation dives into AI's role in automating tariff processes and the need for skilled professionals to enhance its effectiveness.

Drew Mattis, an economist at MetLife and a CNBC commentator, dives into the shifting financial landscape of high earners. He highlights that despite their substantial incomes, expectations are deteriorating, particularly among the wealthiest. This shift may lead affluent consumers to start seeking deals, which is a surprising turn for this group. As consumer spending shows signs of weakening, Mattis warns of potential challenges heading into the new year, suggesting a shift in the spending habits of even the upper crust.

Drew Mattis from MetLife Investments shares his insights on the current economic climate, emphasizing the potential pitfalls of consumer retrenchment and its ripple effects on growth. He discusses the contrasting performances of AI-driven large-cap stocks versus speculative small-caps and highlights the Fed's acceptance of above-target inflation amid growing deficit concerns. Additionally, he provides a glimpse into the challenges facing labor and the macroeconomic landscape as we approach the year’s end.