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Americans Are Richer Than Ever. Why Are They So Angry?

Bloomberg's Allison Schrager and David Gura join Scarlet Fu and Tom Keene on "Bloomberg Money." Schrager writes that "it is one of the great paradoxes of our time: Americans have never been richer or more negative about the economy. More people are upper-middle class than ever, and even lower-income Americans are richer by almost every measure compared to previous generations. And yet more than three in five Americans say the economy is not working for them."

Read more: Americans Are Richer Than Ever. Why Are They So Angry?
Bloomberg

Trump Casts Doubt on New Iran Negotiations as War Drags On

Retired Army General Wesley Clark, who served as Supreme Allied Commander Europe, said the more the US wants negotiations, the stronger the hand Iran thinks it has at the table. Clark said that the Iranian government sees the fight against the US as existential and that it will take more than taking out a few oil refineries to get the IRGC to surrender, particularly as they receive more backing from Russia and China.

Read more: Trump Casts Doubt on New Iran Negotiations as War Drags On
Bloomberg

Fed Needs Clear Inflation Target and Messaging, Clarida Says

Former Federal Reserve Vice Chairman Richard Clarida joins Scarlet Fu and Tom Keene on "Bloomberg Money" to discuss this week's Fed decision, Chairman Kevin Warsh's communication decisions and the increased divergence in the K-shaped economy. Clarida is currently a global economic adviser for Pimco.

Read more: Fed Needs Clear Inflation Target and Messaging, Clarida Says
Bloomberg

New Poll Shows El-Sayed With Edge Over Stevens in Michigan Dem Primary

Spencer Kimball, director of the Emerson College Polling Center, said that Abdul El-Sayed has managed to keep an edge on Haley Stevens in Emerson's poll of the Michigan democratic primary for Senate because he has managed to put together a coalition of younger people and educated voters around the state. Kimball said that because Democrats are the party out of power, he suspects voters will rally around whichever candidate wins Tuesday's primary.

Read more: New Poll Shows El-Sayed With Edge Over Stevens in Michigan Dem Primary
Bloomberg

Combining Tesla and SpaceX Makes 'A Ton of Sense' Says Munster

Tesla Inc. is weighing a potential separation of its China business to pave the way for a possible merger with SpaceX, according to the Wall Street Journal. Separating Tesla's China operations would be a complex undertaking due to the auto factory's deep embedding in China's electric vehicle supply chain and its role in supplying vehicles to markets worldwide. Gene Munster, Managing Partner at Deepwater Asset Management, joins Bloomberg Intelligence to discuss Tesla as well as to break down Apple's earnings.

Read more: Combining Tesla and SpaceX Makes 'A Ton of Sense' Says Munster