Hopes Rise on Debt Ceiling Deal, Prompting Another Positive Day on Wall Street
Brian Jacobsen, chief economist with Annex Wealth Management, joined Cheddar News to discuss the positive sessions for the stock market as investors were optimistic of a debt ceiling deal ahead of the June 1 deadline.
Futures pointed to a slightly higher open on the heels of Fed Chair Jerome Powell saying the central bank is on track to taper its asset purchases later this year. Milton Ezrati, Chief Economist at Vested joined Wake Up with Cheddar to discuss.
Peloton is under investigation by the U.S. government over reports of customer injuries related to its equipment.
In May, Peloton recalled both its Tread Plus and Tread Treadmill after one child died, and 70 others were injured. John Divine, a senior financial markets editor at U.S. News & World Report, joined Wake Up with Cheddar to break down what this could mean for the company.
