A Big Play for Sports & the Fed’s Wait-and-See Strategy 02/07/24

Disney-owned ESPN, Warner Bros. Discovery, and Fox are launching a joint sports streaming platform this year, with each party owning a third of the newly formed company. Sports entrepreneur and Kevin Durant’s long-time agent Rich Kleiman says he likes the media move, for sports and for athletes, although many factors–like the cost for consumers and the name of the venture–are still unknown. Plus, in his latest essay, Minneapolis Fed President Neel Kashkari is reading the economy’s mixed signals. In his interview with Joe Kernen, Becky Quick, and Andrew Ross Sorkin, he’s calling the U.S. economy “remarkably resilient,” but he and his colleagues at the central bank are holding out for more positive economic data before making a decision to cut interest rates. Neel Kashkari - 15:28 Rich Kleiman - 29:02 In this episode: Rich Kleiman, @richkleiman Neel Kashkari, @neelkashkari Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie