Powell Testifies Before the House | Bloomberg: The Close 07/10/2024

Bloomberg Television brings you the latest news and analysis leading up to the final minutes and seconds before and after the closing bell on Wall Street. Today's guests are Heather Brilliant, Diamond Hill, Neil Callahan, Bloomberg News, Chris Pierce, Needham & Company, Lauren Basmadjian, Carlyle, Dan Suzuki, Richard Bernstein, Bailey Lipschultz & Jess Menton, Bloomberg News, Mark Douglas, MNTN, Kailey Leinz, Bloomberg News, Nancy Lazar, Piper Sandler, Vonnie Quinn, Bloomberg News, Alex Morris, F/M Investments.
00:00:00 - The Close Begins
00:00:50 - What We’re Watching
00:03:24 - Heather Brilliant, Diamond Hill
00:10:09 - Neil Callahan, Bloomberg News
00:15:37 - Top Calls
00:17:09 - Chris Pierce, Needham & Company
00:23:50 - Lauren Basmadjian, Carlyle
00:31:38 - Stock of the Hour
00:38:09 - Dan Suzuki, Richard Bernstein
00:48:09 - Bailey Lipschultz & Jess Menton, Bloomberg News
00:55:23 - What You Missed
00:57:52 - Mark Douglas, MNTN
01:03:48 - The Top Three
01:06:40 - Kailey Leinz, Bloomberg News
01:09:46 - On This Day
01:12:20 - Nancy Lazar, Piper Sandler
01:15:19 - Vonnie Quinn, Bloomberg News
01:22:54 - Alex Morris, F/M Investments
01:29:54 - What To Watch
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[@palebiss1646]

Another excellent video and conversation. I recently become a subscriber and have been binge-watching and loving your content. Could you first elaborate on why you choose a Roth 401(k) rather than a business 401(k)? I had always assumed that it was preferable to start with conventional since, as I understood it, there is no true tax benefit until you made over $125,000. Unless you've already talked about it in an other video? Connection?

[@FreestyleJameZ]

a dependable wife and a contented spouse of my own, to outsiders it would seem like a cozy and content household. With a bucket method, I'm investing three years' worth of funds in the brokerage account to ride out any sequence of returns risk, and I intended to use these films to supplement my education efforts with my kids and grandkids.

[@CoreyLloydo]

Everybody who has ever had to clean out the homes of their deceased parents and all the "stuff" that ended up in the garbage knows where it will eventually wind up, therefore we don't need any more stuff!

[@OscarOwenn]

After retirement, when my dad acknowledged his genuine hoarder tendencies, I made the decision not to be my father's daughter in that one area. However, our parents also saved money for my brother and me when we wished they had used it for themselves. In any case, I really like your potential on your brokage's account, so I'm sorry to inquire about how that worked out.

[@agentjacob4099]

Concern over unforeseen medical expenses or the need for long-term care was one overlooked factor.

[@FreestyleJameZ]

My parents both grew up during the Great Depression, therefore I was raised with their frugal ways. Even though I am a multimillionaire with no debt, I try to wash and reuse plastic bags and reuse aluminum foil. Look at her. It's easy to say that *Leah* *Foster* *Alderman* assists with early retirement, planning, and finances.

[@noremacmada]

I think the anchors have good rapport. Fun to watch!

[@gideonbeverly2516]

Always enjoy the show. And I am right with her when I see anything dealing with or resembles something from Star Wars

[@bytemuncher1]

Dan Suzuki was awesome. Great conversation!

[@showme1024]

Motorola Pager, Romaine? 143 😂😂😂

[@showme1024]

And Go England 🇬🇧 👏 🙌

[@noremacmada]

40:13 - I feel I'd be more likely to believe that story if I also believed inflation was accelerating
1:14:38 - Time series chart of inflation y/y rate
1:30:33 - CPI expectations

[@noremacmada]

Egg all over my face today. I'm going to check back in a week to see whether my skepticism was ill founded.

[@noremacmada]

As of this morning I'm still not convinced that I believe the 40:13 story. Plus, like, yesterday, we saw a CPI print indicating, on a m/m basis, deflation. Now I'm worried about a growth scare😮. I'll be watching closely for any sort of guidance as to what low duration instruments fit the risk profile of someone looking for guaranteed income with a risk free counterparty, because, right now, I just don't think I have the tolerance for equity vol.

[@noremacmada]

Checking back (with myself) after a week. No real updates, I think I'm just being patient and watching the data. I'll check back (with myself) in another week.

[@noremacmada]

Still being patient. And I hate waiting. Need to watch yesterday's press conference this weekend.