Market Pressures, the Takeover Bid, & Unemployment Lows 4/25/22

In France, President Macron is celebrating victory, American diplomats will return to Ukraine, and all across the globe, markets are under pressure. In Washington, DC, the Biden administration is working to get more Democrats on board for the President’s tax plan; White House Council of Economic Advisors member Jared Bernstein defends different aspects of the wealth tax, the current voting breakdown, and the dynamic between America’s tight labor market and its inflation. Twitter shares jumped on reports the company is nearing a deal with Elon Musk that could be announced as soon as Monday. Former SEC Chairman Jay Clayton weighs in on Musk’s Twitter takeover bid and Wall Street’s concerns. 

In this episode:
Jared Bernstein, @econjared
Andrew Ross Sorkin, @andrewrsorkin
Joe Kernen, @JoeSquawk

Becky Quick, @BeckyQuick
Katie Kramer, @Kramer_Katie