Off to the Races: The 2018 IMSA WeatherTech SportsCar Championship
The 2018 IMSA WeatherTech SportsCar Championship is around the corner. The race starts January 25th and goes until the 28th. To celebrate the upcoming race, Acura Team Penske driver Helio Castroneves and IMSA President Scott Atherton rang the NYSE Closing Bell and stopped by Cheddar to explore the work that has gone into this competition.
Overall, 200 drivers will be competing over the 3 days. 14 automobile manufacturers are involved in IMSA race, an unprecedented number.
Castroneves was also on Dancing With The Stars. The race car driver said that his profession helped him win the series, and he looks back on the experience fondly.
Stocks dipped Friday morning after the yield on the benchmark 10-year Treasury crossed 5% for the first time in 16 years and also following Fed Chair Jerome Powell's remarks on Thursday.
Federal Reserve Chair Jerome Powell said Thursday that inflation remains too high and that bringing it down to the Fed's target level will likely require a slower-growing economy and job market.
