Closing Bell: 5-Day Win Streak, Walmart's Big Beat & President Biden Signs The Inflation Reduction Act 8/16/22
Better than expected earnings from Walmart and Home Depot helping the Dow extend its winning streak to a fifth straight day, although the broader market did lose steam late in the session. DWS Americas Chief Investment Officer David Bianco discusses whether investors should trust the recent rally and reveals where he still sees value in this market. Former Walmart U.S. CEO Bill Simon says the world's largest retailer is profiting from consumers shopping for lower food prices, but worries the company could get hurt by higher inventories of discretionary items. Palantir COO Shyam Sankar discusses the company's new efforts in health care and the impact the conflict between Russia & Ukraine is having on his business. And President Biden signs the Inflation Reduction Act into law.
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