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Bloomberg Surveillance 02/20/2024

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Jonathan Ferro, Lisa Abramowicz and Annmarie Hordern have the economy and global markets “under ”. Their daily conversations with leaders and decision makers from Wall Street to Washington and beyond cover the latest in , investment, and geopolitics. No other program better positions investors and executives for the trading day.

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Fed’s Internal Rate Debate Faces New Scrutiny

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Minutes from the Federal Reserve’s July meeting will offer a closer look at the debate that produced three dissents in favor of a quarter-point rate increase, an unusually visible split as policymakers contend with elevated inflation and mixed economic data. Joining Joe Mathieu and Carol Massar on Bloomberg This Weekend, BMO Capital Markets Senior Economist Jennifer Lee expects the Fed to remain patient, with the firm forecasting no rate move until late 2027, when it expects the central bank to begin cutting.
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Oil Jumps as Markets Await Middle East Clarity | Closing Bell

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Comprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with David Gura, Isabelle Lee, Norah Mulinda and Tim Stenovec.
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Odd Lots: How Anti-trust Laws Work for Franchise Restaurants

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For decades, the franchise business model has allowed independent operators to license trademarks from businesses like McDonald’s or Dunkin Donuts and changed the way Americans are employed.

Brian Callaci, chief economist of the Open Markets Institute, joins Tracy Alloway and Joe Weisenthal on the Odd Lots podcast to discuss how legal battles fought by franchises eventually opened the door to what’s now known as the gig economy.
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Iran War Update: Trump Says Oman Hasn’t Behaved Very Well (Q&A)

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Trump spoke to reporters in the Oval Office saying Oman hasn’t behaved well, “but we’d handle them very easily.” He also touched on possible talks with North Korea, when asked if Kim had replied to entreaties for talks, Trump said “he has” without elaborating. The president called the development “very positive.” The White House did not immediately respond to a request for further details.
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Why is there a sardine shortage?

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On this episode of the Odd Lots podcast, Fishwife CEO Becca Millstein tells Tracy Alloway and Joe Weisenthal about tinned sardines and what she considers one the biggest problems threatening that supply chain.
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