Stocks Slump, Oil Windfall Tax Threat & Fmr. Fed Vice Chair's Interest Rate Prediction 11/3/22

Stocks staging a steep sell off at the open after the Federal Reserve signaled an interest rate pivot is not on the horizon, but the market closed well off the lows of the session. Former Fed Vice Chair Richard Clarida weighs in on how high he thinks interest rates will rise and why he thinks the Fed won't pause until at least March. JPMorgan Asset Management's Meera Pandit on whether the market could sell off again tomorrow if the October jobs report comes in stronger than expected. Energy Secretary Jennifer Granholm on whether President Biden's threat to impose a windfall tax on oil companies has any chance of passing Congress. Under Armour Founder Kevin Plank & Interim CEO Colin Browne discuss the company's stronger than expected earnings and whether they see any signs of slowing consumer spending. And Zoetis CEO Kristin Peck discusses the animal health company's weak earnings and guidance and how veterinary labor challenges are impacting her company. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.