Should Markets Prepare For Debt-Fueled Trump Presidency?
Jeffrey Gundlach, chief investment officer of DoubleLine Capital, told attendees at the Sohn Investment Conference to prepare for a Donald Trump presidency. “What’s going to happen is you’re going to get a Reagan response with Donald Trump," Gundlach told the New York crowd. “He promises a wall, he promises to bring jobs back, and he promises a lot of infrastructure spending. Let’s face it: Trump is extremely comfortable with debt." Trump became the presumptive Republican nominee on Tuesday when Senator Ted Cruz dropped out of the race. Plurimi Wealth Managing Partner Patrick Armstrong discusses with "On the Move" host Guy Johnson.
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Infosys CEO Resigns After Criticism From Founders
11:29 - Infosys Ltd. Chief Executive Officer Vishal Sikka has stepped down following criticism from the company’s founder. Chief Operating Officer Pravin Rao will become interim CEO. Bloomberg's Caroline Hyde reports on "Bloomberg Technology." (Source: Bloomberg)