Today, Chris Kennedy, Bloomberg Economics lead on economic statecraft, breaks down the latest in negotiations between the US and Iran as the two sides traded renewed strikes over the weekend. Then, Peter Atwater, president of Financial Insyghts, discusses the ‘K-shaped economy’ as war fueled inflation squeezes consumers across the US. Plus, Louise Phillips Forbes discusses New York City Mayor Zohran Mamdani’s proposed pied-a-terre tax and what it could mean for the real estate market. Finally, Michael Swanson, chief agriculture economist at Wells Fargo’s Agri-Food Institute, talks the impact of supply chain disruption and higher fuel prices on farmers and consumers at the grocery store and at the dinner table.
Chapters:
00:00:00 – Bloomberg Businessweek Daily
00:04:08 – US, Iran Clash Near Hormuz Even as Both Tout Talks Progress
00:08:20 – US and Iran Exchange Strikes as Talks Go ‘Back and Forth’
00:09:57 – US Consumer Confidence Slips Amid Widespread Price Worries
00:13:52 – Consumer Sentiment Slides to Record Low on Price Concerns
00:16:38 – Inflation Angst Spreads as Rising Gas Bill Spook Consumers
00:18:49 – Consumers Feel Affordability Crunch
00:24:13 – Mamdani Plans NYC Second-Home Tax
00:27:34 – Mamdani Floats Taxes on Pricey Real Estate Transactions
00:37:48 – US Inflation Accelerates as Gas, Rent and Food Prices Climb
00:39:13 – Farmers Feel Squeeze from Higher Fuel Prices, Fertilizer Shortage
00:42:29 – Increase in Obesity Drug Has Impact on Grocery Demands
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