Negative Rates Threaten Financial System, Tech Companies Pause Spending, Tariffs Erode Trust, IPO Profitability

Jim Bianco, President and Founder of Bianco Research, explains why negative interest rates in the U.S. would create turmoil for the financial system. Crawford Del Prete, President at IDC Research, discusses the impact of the trade war on U.S. tech companies spending on IT infrastructure. Bloomberg News White House Correspondent Josh Wingrove and Rui Zhong, Program Associate at the Wilson Center’s Kissinger Institute on China and U.S., talk about Washington rejecting Beijing’s request to delay tariffs that took effect over the weekend and how that has lead to mistrust on both sides. James Gellert, CEO at RapidRatings, shares his outlook for profitability of venture-backed companies WeWork and Peloton as they come to market. And we Drive to the Close with Brent Schutte, Chief investment Strategist at Northwestern Mutual Wealth Management. Hosts: Carol Massar and Jason Kelly. Producer: Paul Brennan. See omnystudio.com/listener for privacy information.