It’s a good time to be an asset owner
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Thanks to a strong stock market and record home prices, asset owners are feeling richer, even if it’s only on paper. Today, we get into the “wealth effect” and how it may play out in the presidential election. Also: Higher prices slow Procter & Gamble sales, the “catastrophic” halt to a Baltimore port business, and why companies change the metrics they report to investors.
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The Labor Department reports 175,000 jobs were created last month, fewer than expected: wage growth was also lower; stocks rise on the news; Treasury Secretary Janet Yellen says democracy is under threat.
Published 05/03/24
The bond market is surging after news that 175,000 people were in payrolls in April versus March. That’s less than expected and 44% lower than a month earlier. And it’s the sort of result that those anxious about elevated interest rates want to see. We’ll discuss. Also on the program: Nonprofit...
Published 05/03/24
Published 05/03/24