Matt Miller highlights the market-moving news you need to know heading into the opening bell on Wall Street. Today’s guests: Alessio De Longis, Invesco Solutions Head of Investments; Stephen Wieting, Citi Global Wealth Chief Investment Strategist and Chief Economist.
01:52 Lizzy Burden reports on the ECB rate decision
04:28 Alessio De Longis discusses the ECB rate decision, inflation forecast
10:04 Michael McKee reports on the US economic forecast
12:08 Steven Wieting discusses the AI and the global economy
18:35 Ed Ludlow reports on SpaceX’s Starship rocket launch
——–
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Bloomberg The Open
06/06/2024
It is good for Europeans! American consumers say they can tolerate inflation, but they are struggling to make ends meet because of high interest rates. How can they feel the economy is doing well when they don't have money to spend? Only the banks are getting richer from interest income. Therefore, the Biden administration will have no choice but to lower interest rates for re-election.