With Rising Prices Eating into Household Budgets, Will Travel Drop Off? 8/9/22

After two years where most people didn’t go anywhere during the pandemic, summer travel has been a boom. But with rising prices eating into household budgets, will travel drop off? Jefferies Managing Director David Katz weighs in. Plus, President Biden will sign the Chips and Science Act into law today. American Enterprise Institute analyst James Pethokoukis dives into what this means for Washington. And, demand destruction and consumer spending shifts are getting a bit more real this morning amid some very rough guidance from nearly a dozen companies out with earnings yesterday. Miller Tabak Chief Market Strategist Matt Maley and Defiance EFTs CEO Sylvia Jablonski discuss where to put your money.