Well discuss that story in just a moment kelly . But, first, lets get a check on the markets and the etf has been focused as the smh has its worst week of the year the smh hit a new 52woke high barely a month ago, and its down 5 this week. Marvel, micron and and mv the laggards some talk on the street around archer aviation, down 3 after soaring as much as 23 after settling a lawsuit with boeing over autonomous flying dispute its actually down 6 now, a volatile response. The quantum computing hardware foam up about 12 , reporting a larger than expected loss but raising its guidance. We begin with a slew of big deals, tapestry acquiring capri for nearly 9 billion, espn striking a 2 billion deal with penn gaming and campbells buying sovos for a little over 2 billion thats a lot of sauce. Dealmaking seemingly hot again and the same could be said for the ipo market according to the wall street journal the nasdaq and nyse are battling it out for prime listings dan, let me begin with you our
About chinas economic challenges, calling the country a ticking time bomb. Lets begin with the markets on this final trading day of the week as investors digest todays ppi number interesting, sara. I mean, 0. 1 is not that dramatic we had a negative revision, but coming off the stellar reception to cpi yesterday, maybe it looks a little bit worse yeah, after a zero percent in june, you dont want to see it tick up to 0. 3 in july, which is what we got, and we know Producer Prices are wholesale prices that feed in, so maybe a little deemphasized because we already got the cpi read but you just dont want to traders, investors are on guard for inflation to hook back up. Right . Like, we hope people are hoping that the inflation data, which has shown moderated inflation, been celebrated as good news, will take us down to the 2 target and the feds work is done, but theres a chance that, look, it could be sticky we still see a really tight labor market where wages are rising we see Oil Prices
Accountable. He is introverted but real clear politics calmness associate editor eight beat stoddard after words is it weekly Interview Program with relevant guest host. In achieving top nonfiction authors about their latest work. Maps, it is wonderful to be with you. It is a delight to be able to do this with you. We have known each other for years and i find you to be a singularly happy, hopeful and patriotic person i think anyone who cares about our system of governance and representation will learn a lot from your hard work and your deep research. Despite these sub title you do not aim with filthy rich politicians to enrage her fellow citizens. You and set outline rush rational doable commonsense reforms we could all support and we should. So lets dig right in. Why does it matter that politicians are rich . Even if there is a perception they are allowed to feather their nests . Look, i think the reason it matters is that it is eroding trust and liberal democracy and elected officia
Years, and i find you to be a singularly happy and hopeful and patriotic person pick anything anyone who cares about a system of governance and representation learn a lot from your hard work and your deep research. Despite the subtitle, thewa creatures, latte liberals and ruling class elites cashing in on america, you do not aim with filthy rich politicians to enrage her fellow citizens. You instead outline rational undoable , doable commonsense reforms that we can all support and we should. Shso lets dig right in. Why does it matter that politicians are rich . Even if theres a perception that they are allowed to feather their nests . Yeah. Look, i think the reason it matters is that it is eroding trust in liberal democracy and elected officials. We have seen a correlation, i would say, and the f less for fe decades between the gap widening between our elected officials and normal average americans. And at the same time weve seen the erosion of trust in our elected officials. Now, that
You dono not aim with filthy rih politicians. This is what we perform and we should. Lets dig in. Why doesnt matter that politicians are given the they are allowed . I think the reason it matters is it is eroding trust and elected officials and we have lastthe correlation in the four or five decades between delected officials and average americans. At the same time we see the erosion of trust and elected officials. It parallels a loss of trust in institutions thatbu politicians are congress, so thats why the book matters. Always been . I think clearly politicians in general have been people who are richer and if you look at president George Washington was incredibly wealthy and roosevelt prosecutor and a long list. I think the difference is the lower chamber. Members of the house of representatives since about the time i was ten years old, there will is double and the wealth of the average person has been a flat line and have gone down. Right now the average member of congress is about