Retail sales were higher than expected in July.
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Stocks Close Near Session Lows as Oil Prices Jump
Stocks closed near session lows Wednesday as investors showed concerns about rising oil prices, supply shortages, and renewed risk of inflation. While investors began the week on a confident note, today's jump in oil prices has them once again worried that inflation will not go away any time soon. John Traynor, Chief Investment Officer at People's United Advisors, joins Closing Bell to discuss today's market close, the Federal Reserve's comments and actions taken to combat inflation, and more.
Another Starbucks Location Votes to Unionize, Weeks Before Schultz Returns as CEO
John Logan, Director of Labor and Employment Studies at San Francisco State University, joined Cheddar News to discuss the growing unionization push by employees at Starbucks and Amazon, and the wider implications of employee organization at these big companies.
Adidas Announces New Program For College Athletes To Get Paid
Adidas is now the first major sports brand to create a program for paying college athletes. The new "name, image and likeness" network will allow more than 50,000 students across NCAA Division 1 schools to become paid spokespeople for the brand. Thilo Kunkel, Associate Professor and Director of Sport Industry Research Center at Temple University, tells us why this new program is only the beginning of an exciting time for student athletes.
U.S. Braces for Potential Russian Cyberattack
The U.S. is bracing for a potential cyberattack as both the FBI and President Biden warn that Russia is 'exploring' a hack. This comes amid a recent rise in hacks on U.S. companies including Microsoft, Okta, and Nestle. Chris Pierson, founder & CEO, BlackCloak joined Cheddar's Opening Bell to discuss.
Eddie Ghabour Sees Rate Hikes as 'Knockout Punch' for Market Going Forward
The co-owner and managing partner at Key Advisors Group Eddie Ghabour joined Cheddar News to break down the many factors impacting the market today, including the war in Ukraine, Fed rate hikes, inflation, and job numbers. Ghabour explained that he sees a bear market bounce currently leading to a downturn as the Federal Reserve is forced to be hawkish — even hinting at a recession. "I can't stress enough, you have a Fed that's telling us they're going to raise rates by 50 basis points in May during this type of environment," he said. "That's gonna be the knockout punch for this market and this economy in the short term and worst case for the consumer, unfortunately, in our opinion."
Markets Pull Back as Oil, Commodities Spike
Michele Schneider, Partner and Director of Trading Research & Education at MarketGauge, talks about the challenges the Fed has in avoiding rising inflation and how the commodity shock is impacting long-term growth.
Markets Look to Continue Its 2-day Rally as Fed Signals More Aggressive Tone
Craig Erlam, Senior Market Analyst at OANDA, breaks down the geopolitical risks impacting U.S. investors and how one can position their portfolio in a down-trending market.
Cheddar Quick Hit GSTV of March 25th
Cheddar Quick Hit GSTV
Need2Know: NATO Update, Kyiv Fighting, China's BA.2 Surge & Teen Hacker Mastermind
Catching you up on what you need to know Mar 24, 2022, with NATO meeting updates, Ukraine retaking suburbs around Kyiv, the spread of omicron subvariant BA.2 in China, Google Pay launching a third-party billing option, and a 16-year-old is suspected of being the Lapsus$ mastermind behind hacks of Microsoft and others.
