Late-Day Pop, The Case for Coinbase, World Bank’s Warning 1/10/23
Stocks gained steam in the final hour of trading, with the Nasdaq seeing the biggest gains. Former PIMCO Chief Economist Paul McCulley discusses the latest signals from Fed officials, including Chair Powell, and his outlook for inflation ahead of Thursday’s CPI report. Coinbase was a major winner after announcing a new round of layoffs. Richard Repetto from Piper Sandler makes the case for more upside in the crypto exchange. Meantime the World Bank released a fresh outlook for global growth, showing a sharp reduction from its last forecast. World Bank President David Malpass joins to break down that report. Plus the latest on airlines, Microsoft, and a potential healthcare deal for CVS.
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