DOJ Drops Powell Probe, Smoothing Path for Warsh to Lead Fed

About this episode

The episode discusses the DOJ dropping the investigation into Powell, the implications for Kevin Warsh's confirmation, and insights into the tech and restaurant industries.

Watch Paul and Scarlet LIVE every day on YouTube: http://bit.ly/3vTiACF . Bloomberg Intelligence hosted by Paul Sweeney and Scarlet Fu - Michael McKee, Bloomberg International Economics and Policy Correspondent joins to discuss on the DOJ dropping the probe into Powell.The Justice Department is ending a controversial investigation into building-renovation cost overruns by the Federal Reserve, potentially clearing a path to confirmation for Kevin Warsh, President Donald Trump’s pick to be the next chair of the central bank. - Dan Ives, Global Head of Technology Research at Wedbush Securities discusses the latest in the tech space. Intel Corp. shares hit their highest level ever after the chipmaker delivered a sales forecast that shattered Wall Street expectations. As well as how Tesla has started manufacturing its Cybercab robotaxi, Chief Executive Officer Elon Musk said Friday on his social media site X, fulfilling a long-promised launch at a time when the company’s global sales have slumped. - Chad Moutray, Chief Economist at the National Restaurant Association joins to discuss the restaurant industry headwinds. He also discusses w hat's driving that gap, what it…

People in this episode

Hosts: Paul Sweeney, Scarlet Fu

Guests: Michael McKee, Dan Ives, Chad Moutray

Topics covered

• Federal Reserve
• DOJ investigation
• technology
• restaurant industry
• economic policy
• stock market

Keywords

• DOJ
• Powell
• Warsh
• Intel
• Tesla
• restaurant industry
• economic growth
• stock forecast

Mentioned in this episode

Organizations: Wedbush Securities, National Restaurant Association, Intel Corp., Tesla, Federal Reserve, Justice Department

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