Pullbacks in Equities & in China, Hurricane Hilary, & A Windy City Tipping War 8/21/23

The markets are mid-pullback, this August; Wharton Professor Jeremy Siegel offers his perspective on bonds versus stocks, and which investments are the most promising for your portfolio. In Chicago, a tipping battle is underway. Scott Weiner, restaurateur and co-owner of The Fifty/50 Restaurant Group in the windy city, discusses the gratuity quandary–and legal proposal–gripping consumers and the local dining industry. Plus, CNBC’s Jane Wells reports from Palm Springs, where Hurricane Hilary made landfall, and CNBC’s Eunice Yoon reports from Beijing, on China’s latest interest rate cut and the country’s struggling economic recovery. Jane Wells - 16:24 Jeremy Seigel - 20:08 Scott Weiner - 30:45 In this episode: Jane Wells, @janewells Eunice Yoon, @onlyyoontv Steve Liesman, @steveliesman Scott Wapner, @ScottWapnerCNBC Joe Kernen, @JoeSquawk Katie Kramer, @Kramer_Katie