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Morgan Stanley CEO declares end of zero interest rates and easy money era
Morgan Stanley CEO Ted Pick declared the era of zero interest rates and inflation over, emphasizing that higher rates and geopolitical challenges will persist. He noted the transition from easy monetary policy since 2022 has made it tougher for public companies, with Wall Street executives skeptical about further rate cuts this year.
market movers stocks to watch as earnings reports approach
Stocks faced pressure as the Dow and S&P 500 declined for a second consecutive day. Starbucks shares fell 4% after preliminary quarterly results showed sliding same-store sales, while McDonald's dropped 6% amid a CDC alert regarding E. coli cases linked to its Quarter Pounder burgers. Boeing saw a 5% increase over the week, and Coca-Cola is set to release its quarterly report, with its stock up 7% in the past three months.
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