JPMorgan: GDP Growth 'Is Like Running on Red Bull'
*By Michael Teich*
President Trump's top economic advisor Larry Kudlow said this week that economic growth could top [4 percent](https://www.cnbc.com/2018/07/18/trump-advisor-kudlow-says-economic-growth-could-top-4percent-for-a-quarter-.html).
And while JPMorgan ETFs global market strategist Samantha Azzarello agrees, she does doubt its sustainability.
"It’s like running on Red Bull, which you can not do forever," she told Cheddar in an interview Thursday.
The economy is getting a jolt from tax cuts, government spending, and high consumption. But trade tensions have weighed on the markets recently, and as Azzarello explained, we're late in the cycleーthe bull market turned 9 years old in March, its longest ever run.
"There's fatigue with this bull market, which is bizarre. We should feel good that the earnings growth is so good," she said.
"If you contrast the earnings data, which is so positive and so strong, with how much the market is up, it literally doesn't make any sense."
For the full segment, [click here.](https://cheddar.com/videos/u-s-economy-running-on-red-bull-but-wont-last-says-market-strategist)
Summer-focused businesses such as pools, restaurants, and camps are seeing major labor shortages like so many other sectors right before the busy season. Monica Plaza, the chief strategy officer at Wonolo, a staffing platform, joined Cheddar News to break down the ongoing worker shortages and discuss ways to entice future employees for hospitality and leisure. “There are workers out there. It's a matter of how do you attract them and how do you make sure that they want to work at your particular job and stay," she said.
A swift jump in Treasury yields rattled Wall Street Wednesday, weighing down stock indexes at the start of another month in what’s been a turbulent year.
It's the unofficial start of summer, and after two years of COVID, Americans are ready to travel again. So how can you beat the crowds and keep your family safe? Cheddar's Shannon Lanier has some hacks that can help you make the most of your summer vacation with minimum hassle.
Simple Goodness Sisters produces homemade cocktail syrup from their farms in Buckey, Washington. Cheddar News was joined by the sisters and Co-Founders themselves, Belina Kelly and Venise Cunningham, to talk more about the business and make a cocktail themselves!
The baby formula crisis hit a new level of concern in February. A facility that produces 40% of the baby formula in the U.S. was shut down for contamination, leading to bare shelves in supermarkets across the country. However, the issue is now getting attention at the federal level and changes are being made. Lauren Smith Brody, the founder of The Fifth Trimester and co-founder of Chamber of Mothers, joins Cheddar News to discuss.
Modeled after traditional Taiwanese night markets that founder John Wang experienced growing up, the market showcases the borough it calls home and the diversity Queens is known for.
On today's Biz Breakdownm, Ford beats Tesla to the first EV truck Deliveries, massive flight cancelations wrap up Memorial Day Weekend, and Apple announces new IOS 16 features one week before the WWDC.
Catching you up on what you need to know on Tuesday, May 31, 2022, EU leaders agree to ban 90% of Russian oil by year-end, funerals begin in Uvalde, Texas one week after a mass shooting killed 19 children and two adults, and President Biden meets with the world's biggest boy band BTS.
New real estate data shows that mortgage applications are slipping but home listings are increasing 9 percent from a week ago. It comes as sellers worry they might miss out on the hot housing market before it's too late. Skylar Olsen, Senior Director, Principal Economist, at Tomo joined Cheddar's Opening Bell to discuss.
