The PGA Tour & Liv Merger, China's Recovery Story, and the Consumer Staples Sector 6/7/23

Golfers, fans, and sponsors are digesting the news that the PGA Tour is merging with Saudi-backed rival Liv Golf. Golf Magazine's Sean Zak explains the deal. Plus, China exports fell by 7.5% in May, far worse than economists were expecting. William Blair's Vivian Lin Thurston discusses the China recovery story. And, consumer staples are underperforming the broader markets despite strong earnings reports from several companies. Goldman Sachs' Jason English weighs in on the sector.