Dave Leduc, CIO of Active Fixed Income at Mellon, discusses potential trade, inflation and recession concerns in the markets. Bloomberg News Global Economics and Policy Editor Kathleen Hays and Bloomberg Economics Chief U.S. Economist Carl Riccadonna break down Fed Chair Jay Powell’s speech from the NABE conference in Denver, in which Powell said the central bank will resume purchases of Treasury securities in an effort to avoid a repeat of recent turmoil in money markets, while leaving his options open on interest rates weeks ahead of policy makers’ next meeting. Bloomberg Businessweek Editor Joel Weber and Bloomberg News Technology Reporter Austin Carr tell the story of a CEO's promise to wire the Artic that concealed a billion-dollar scam. Joe Kalish, Chief Global Macro Strategist at Ned Davis Research, talks about an eroding of the economic cushion, which could lead to recession. Brian Duffy, CEO of Watches of Switzerland Group, talk about their recent IPO and the outlook for the luxury watch business. Drive to the Close with Greg Luken, CEO of Luken Investment Analytics. Hosts: Carol Massar and Jason Kelly. Producer: Paul Brennan. See omnystudio.com/listener for privacy information.

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