Big Tech Sell-off, Shifting Fed Narrative, Historic Prisoner Exchange 8/1/24

The Exchange

Today’s weak economic data is weighing heavily on stocks and yields as the 10-year falls below 4%for the first time since February. We’ll look at what it means for the Fed’s path forward. And in the largest East-West prisoner swap since the Cold War, U.S. journalist Evan Gershkovich is coming home. We’ll look at the nations and individuals involved, and the geopolitical impact with less than 100 days until the election.