Bill and Melinda Gates Talk Trump, Under Armour International Sales Surge
Bill and Melinda Gates weigh in on the Trump administration in their annual letter. The couple outlines the 10 questions they're most commonly asked. It turns out people are most interested in hearing their views on the Trump administration. Bill Gates expressed concerns with the president's "America First" agenda. Melinda Gates wishes Trump would treat people with more respect. Plus, the Microsoft co-founder says he's hopeful social media companies like Facebook will adequately address its growing influence.
Under Armour saw a 47% surge in international sales last quarter. The company beat Wall Street expectations on earnings and revenue in its latest quarterly report. After a year of declining sales, this was welcome news for the Baltimore-based company.
Stocks fell on Wall Street’s first trading day of 2023 after closing out its worst year since 2008. Investors will be closely watching moves by central banks in coming months to fight inflation with higher interest rates.
Breaking down the good, the bad, and the new in business on Monday, June 13, 2022, with JP Morgan's bullish Apple take, EV startup Electric Last Mile Solutions planning to declare bankruptcy, and Amazon getting ready to roll out its new drone delivery service in California.
Jay Hatfield, Chief Investment Officer at Infrastructure Capital Management, joined Closing Bell to break down the big factors leading to this latest market meltdown, as inflation and an upcoming Fed policy decision affect investor sentiment.
