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Tom Porcelli, chief economist at Wells Fargo, says US consumers are "roughed up," but they are still spending. He says wages are struggling, but consumers are still feeling pretty good because a wealth effect is in place. He is on "Bloomberg Money." (Source: Bloomberg)
We haven't written up this one. Bloomberg has the full story — the link below goes straight to it.
The sell-off in AI-related stocks pushed the VIX above 22 for the first time in four months. A cluster of trades suggests it could go even higher.
Bess Freedman, Brown Harris Stevens CEO, joins Scarlet Fu and Tom Keene on "Bloomberg Money." They discuss the housing affordability in the US. (Source: Bloomberg)
Key PointsAlbertsons paused financial guidance while conducting a multiyear business review.
Bess Freedman, Brown Harris Stevens CEO, joins Scarlet Fu and Tom Keene on "Bloomberg Money." They discuss the dynamic between mortgage rates and US housing supply. (Source: Bloomberg)
