The Federal Reserve held interest rates steady this week, signaling a plan to cut rates multiple times this year. Economist and Allianz and Gramercy advisor Mohamed El-Erian explains the Fed’s dovish stance and its implications for the markets. As the government shutdown deadline looms, lawmakers have released a $1.2T spending bill. Speaker Mike Johnson (R-Louisiana) discusses the bill, funding for Israel, the US deficit, and the difficulties of a divided Congress. The Department of Justice has sued Apple, alleging the company’s anti-competitive practices extend beyond its hardware products. CNBC’s Steve Kovach explains Apple’s business strategy and regulatory hurdles. Plus, Elon Musk’s Neuralink has landed a big win. 

 

Mohamed El-Erian - 04:23

Rep. Mike Johnson - 16:19

Steve Kovach - 31:25

 

In this episode:

Mike Johnson, @SpeakerJohnson

Joe Kernen, @JoeSquawk

Becky Quick, @BeckyQuick

Katie Kramer: @Kramer_Katie

Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.