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Bloomberg

Fourth of July Cookout Costs Rise 4% Says Stew Leonard's CEO

Stew Leonard Jr., President and CEO of Stew Leonard's grocery stores, discussed the recent 4% increase in the average cost of an Independence Day meal for 10, now $73.82. He emphasized that despite the rise, the per-person cost remains reasonable compared to dining out. The primary driver of the price increase is beef, with meat prices rising from $2.50 to $2.75 due to a 75-year low in cattle herd sizes and strong demand for protein. He speaks with Romaine Bostick & Bailey Lipschultz on "The Close."

Read more: Fourth of July Cookout Costs Rise 4% Says Stew Leonard's CEO
Bloomberg

Market Uncertainty Grows as Stocks Retrace Gains Following Jobs Report

Jim Caron, CIO of the Portfolio Solutions Group at Morgan Stanley Investment Management, discusses the current state of the stock market heading into the second half of the year. Despite significant gains earlier in the year, Caron addresses whether investors should remain overweight in equities amid recent volatility. He speaks with Romaine Bostick & Bailey Lipschultz on "The Close."

Read more: Market Uncertainty Grows as Stocks Retrace Gains Following Jobs Report
Bloomberg

CEO of Blueprint Capital Advisors Discusses Private Capital Strategies

Jacob Walthour Jr., CEO of Blueprint Capital Advisors, shares his expertise on account management and fund-to-fund services within private capital strategies. The discussion took place against the backdrop of ongoing redemption tensions in the private credit market, highlighting challenges and opportunities in managing private capital investments. He speaks with Romaine Bostick & Bailey Lipschultz on "The Close."

Read more: CEO of Blueprint Capital Advisors Discusses Private Capital Strategies
Bloomberg

Families Look For Affordable Summer Fun Amid Cost Crunch

Sky Zone CEO Dave Hoffman said that the trampoline park company is looking to help parents give their kids the summer they deserve with membership deals as families feel squeezed by higher prices. Hoffman said that his company's thesis is about prioritizing 'active and social play' for kids as they navigate a very online world post covid.

Read more: Families Look For Affordable Summer Fun Amid Cost Crunch
Bloomberg

Private Credit Is Betting on Consumer Debt at a Precarious Time

Bloomberg's Rene Ismail joins Scarlet Fu on "Bloomberg Real Yield." The private credit industry was dubbed "shadow banking" as it took business away from traditional lenders. Buy Now, Pay Later companies have been referred to as hawking "phantom debt" that falls outside Wall Street's typical tracking methods.

Read more: Private Credit Is Betting on Consumer Debt at a Precarious Time