When is Nvidia stock split?
Nvidia (NASDAQ: NVDA) will be executing a 4-to-1 stock split, and shares are expected to start trading on a split-adjusted basis on July 20. NasdaqIs Nvidia Stock a Buy Now After the 4-to-1 Stock Split?
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Yahoo Finance Editor-in-Chief Andy Serwer on the Biden administration's handling of inflation and jobs
20 July, 2021 - 05:01pm
ANDY SERWER: That's NEC director Brian Deese. And I spoke to him yesterday, so when he was referring to the market drop, of course that was yesterday's big decline. Another point to make about him, Adam, is that, if he doesn't look like a typical greybeard economist, it's because he isn't. Brian Deese is only 43 years old. And as you heard, of course, he worked for Barack Obama. He also worked at BlackRock. So President Biden actually made note of the fact that Brian is a little young, but said he has a great brain, and look forward to working with him.
ADAM SHAPIRO: I believe Yale Law is one of his alma maters, so no underachiever there. Andy, Rick Newman, our colleague, has looked at some of the issues facing the Biden economic agenda, and he puts it in the context of, for instance, with inflation, that rents go up, they rarely come down. Does the administration look at those kinds of specifics? Did Deese give any indication if they measure those things the same way?
ANDY SERWER: Oh, I'm sure they're watching that like a hawk. I mean, this, of course, is the big question of our time right now, is inflation transitory or not. And you heard him talking about that. And of course, he's going to say that it is transitory. Most people seem to think it is. And I think it's just a question of degree. Is it transitory for three months, six months, or is it a three-year period, in which case it becomes really a political animal, as Rick was talking about, because that will impact, as you say, Adam, rents and then gas, and then thereby the midterm election, and maybe the next presidential election, as well.
SEANA SMITH: And Andy, another thing that could potentially affect Democrats, and Republicans also, in the next election would be the jobs market, because yes, certainly we have seen a number of workers re-enter the workforce, but we're still off just around 7 million jobs from where we were at the start of the pandemic. And I know you asked Brian just about where we stand just in terms of job creation. But any sense there just in terms of how this could potentially be a headwind for the Biden administration going forward?
ANDY SERWER: Yeah, Seana, I mean, this is really a vexing situation right now in America, that there are so many open jobs. People are not going back to work. Obviously, this does have something to do with the unemployment benefits, which are, of course, running out, so we'll see what happens. But I do think, as Brian Deese was suggesting, that employers are going to have to pony up. And that's going to have implications in the economy. When you're looking at restaurants and hotels and services, that means those costs are going to get passed on to consumers, which will have an effect, as well.
So I think there is a lot to watch going forward. It's going to be a fascinating time. And you'd better believe that Brian Deese and company have their hands full looking at what's going on, and trying to influence this through fiscal, monetary policy, along with the Federal Reserve.
ADAM SHAPIRO: Andy Serwer is our editor-in-chief. Good to see you. His full conversation with Brian Deese is available right now at YahooFinance.com.
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