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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."

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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."

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Bloomberg

'Taylor Swift Tax' Stirs Bad Blood With Rhode Island Homeowners

Bloomberg News Boston money and power reporter Greg Ryan said that a Rhode Island tax increase on second homes is not just impacting the wealthiest residents like Taylor Swift, but that many residents with family properties worry about the impact on their finances. The Rhode Island tax comes as some other cities and states move to tax second homes at a higher rate, like the pied-a-terre tax proposed in New York City by Mayor Zohran Mamdani.

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Bloomberg

Krugman Calls Labor Market Soft, Disturbed by Warsh's View

Nobel laureate Paul Krugman, a research professor at the City University of New York's Graduate Center, says all jobs data is "noisy" when reacting to the June US employment report. Speaking on "Bloomberg The Close," Krugman also says he is "disturbed" by Federal Reserve Chairman Kevin Warsh's point of view on monetary policy and warns that the Supreme Court's Trump v. Slaughter ruling gives too much discretionary power to President Donald Trump.

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Bloomberg

Hamburger Costs Rise 14% From Last July 4 Says Wells Fargo

Robin Wenzel, Head of Wells Fargo Agri-Food Institute joins Bloomberg Businessweek Daily to discuss their bbq report: Stay Close, Grill Big: Why Backyard BBQs Are Taking Over Summer 2026.' In the report they break down how a party of ten is expected to cost an average of $161, with ribs serving as a prime choice for protein as well as the rising cost of food for families across the US.

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Bloomberg

Need To Make Sure The US Is The Leader in AI, Not China Says Rep. Smith

Missouri Representative Jason Smith, a Republican, joined Balance of Power to discuss the year anniversary of the One Big Beautiful Bill as well as the recent news from OpenAI. When asked about the USMCA Rep. Smith said the Trump administration is saying it wants a better trading relationship through its decision not to renew its trade pact with Canada and Mexico.

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