EP.839| J Pow and the Feds back at it!

Good morning Kathy’s! 🌞 

We’re back with a new pod debrief.

Dee and Anand are both in studio; however, no Drama today 😢 

But fear not, becuase the brothers host a special interview!

Joined by long-time friend and listener, Kevin Gould, who shares the scoop on his recent adventures in China!

Also in this episode:

• PGA making moves

• FTX customers getting their money back

• UPS announces more layoffs

• The latest Fed meeting

The Kevin Gould interview

We can’t give you the full story, so you’ll have to watch instead 😉 

But here’s some takeaways from their chat.

Who’s Kevin?

• Entrepreneur 💰️ 

• Brand builder 🧱 

• Investor 📈 

• Talent manager 🌟 

Kevin recently came back from a business trip in China, and things weren’t as smooth as he hoped, but we learn a lot through his experiences:

• Credit cards in China are non-existent as WeChat and Alipay dominate that market.

• To show respect- one must drink copious amounts of Baijiu (Americans equivalent to moonshine).

• Cameras, cameras and more cameras

• Chinese businesses appear to prioritize TikTok shop, targeting American consumers over domestic markets.

• Dollar store is losing the fight to Temu.

That’s just a teaser, be sure to catch the whole interview on the tube.

J Powell wants more pain!

Our lord and savior Jerome Powell hosted his Fed meeting earlier this week, and it did not go as planned 🙃 

He came out “hawkish” and mentioned no rate cuts until inflation reaches 2%. So if you were expecting rate cuts in March…sorry to burst your bubble 🥺 

Some takeaways:

• 4th straight meeting rates are unchanged

• JP paying very close attention to inflation risks

• No rate cuts until “greater confidence”

Apparently he’s not seeing enough pain in the economy yet. Consumer spending and job markets have both remained strong.

Where’s the pain? 

So, we can’t really blame J Pow.

He’s only reacting to the data the economy is presenting- and by the looks of it, everyone’s rich, the fanciest restaurants are all booked up and people’s wallets are open!

What else is in chat?

• PGA just got saved with a $3 billion investment.

• FTX customers will get their money back!!

• The King joins Draft Kings in a multi-year deal. #LeParley

• UPS broke news that they will be reducing staff by 12,000.

• TikTok just went silent. Where’s the music?

• More regional banks under pressure, $NYCB latest target

That’s the debrief Kathy’s!

You read about it, now go watch it!

We’ll be in your inbox with the next one 😘