Mike Dolan

Howard Schneider, a seasoned journalist known for his insightful interviews with the Federal Reserve Chair, discusses the recent quarter-point rate cut and what it means for the economy. Mike Dolan, a keen markets commentator, analyzes Wall Street's upbeat reaction to the Fed's decision and the impact on corporate earnings. They also touch on the U.S. seizure of a Venezuelan tanker, military tensions in East Asia, Elon Musk's hints at a SpaceX IPO, and the controversy surrounding Pride plans during a World Cup match. It's a whirlwind of global stories!

In this discussion, Mike Dolan, a seasoned markets reporter, delves into the implications of Trump's blockade on Venezuelan oil tankers and its potential impact on oil prices and U.S. petrol costs. He analyzes the recent U.S. job growth rebound amidst economic distortions, while also unpacking Ford's drastic cuts to its electric vehicle lineup amidst dwindling demand. The conversation touches on Australia's tightened gun control laws following tragic events, highlighting the global economic and political landscape.

Howard Schneider, a veteran Reuters economics reporter, sheds light on the divided Federal Reserve's struggle with outdated data and potential leadership changes. He discusses how stimulus and AI could reshape labor markets. Joining him, Mike Dolan shares insights on market reactions to central bank decisions and the unease surrounding easing cycles. Meanwhile, tensions rise as Japan intercepts Russian and Chinese air patrols, and Lithuania grapples with a bizarre balloon crisis involving cigarette smuggling from Belarus.