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Market Domination Overtime
- BusinessYahoo Finance Video
Workday Q2 beat, Fed rate cut outlooks: Market Domination Overtime
On today's Market Domination Overtime, hosts Julie Hyman and Josh Lipton delve into a range of market-moving topics, from corporate earnings to monetary policy and politics. Workday (WDAY) takes center stage as the company reports a second quarter earnings beat, surpassing estimates on both the top and bottom lines. Additionally, the company has authorized an up to $1.0 billion share buyback program for investors. The financial world eagerly awaits Federal Reserve Chair Jerome Powell's speech at Jackson Hole on Friday. T. Rowe Price Global Head of Multi-Asset and Chief Investment Officer Sébastien Page joins to discuss why bonds may be stand to benefit from a Fed rate cut. Finally, Vice President Kamala Harris's stance on price gouging has captured attention. University of Massachusetts Amherst economics professor Isabella Weber examines the concept of price gouging and its potential implications for businesses and investors. For more expert insight and the latest market action, click here
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Price-gouging laws are good disaster-preparedness policy: Expert
Sticker shock has set in for many Americans as since President Biden took office during the pandemic in 2021, grocery prices have risen by about 21%. Vice President Kamala Harris has placed some of the blame on food companies for raising prices during opportune moments. University of Massachusetts Amherst economics professor Isabella Weber joins Market Domination Overtime to give insight into price gouging and price control and what businesses and investors need to know. Weber says that though inflation is easing, it's "unrealistic" to think that prices are going back down to pre-pandemic levels: "We are in the middle of a major geopolitical tensions that affect globalization. Climate change is a reality that affects us in the here and now. It's no longer an issue of our children and grandchildren. It's really a matter of extreme weather events that are hitting people and the economy around the globe pretty much all the time already and are bound to become worse. Which means that especially for the food industry, they're going to be more supply shocks to come." Weber argues that laws targeting price-gouging "are laws that prepare for emergencies and federal price-gouging laws are good disaster-preparedness economic policy in the world that we are living in." Weber also believes that the "exploding prices" seen in grocery stores are, in large part, due to corporate greed. Companies look "to protect their profit margins" when certain phenomena, such as an extreme weather event or a global pandemic, cause raw material prices to rise.? For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime. This post was written by Nicholas Jacobino
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VP Harris takes stand against price gouging. Who's doing it?
Vice President Kamala Harris has taken a firm stance against price gouging in her economic policy, namely in food costs, and is pledging to make the practice illegal if she were to win the presidency in the 2024 election. Yahoo Finance senior columnist Rick Newman explains what price gouging actually is and which sectors are associated with this practice. For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime. This post was written by Angel Smith
