$BAC, $CG

US consumer spending and business optimism remains strong in the United States despite disruption in the global economy because of trade disputes and the US government shutdown, Bank of America (NYSE:BAC) CEO Brian Moynihan said Thursday.

“Based on experts and consumer activity (this month), it looks like a solid year for the US, though less growth than last year,” Mr. Moynihan told a panel discussion at the World Economic Forum (WEF) in Davos, Switzerland.

David Rubenstein, co-ECoB of Carlyle Group (NYSE:CG), told the same panel that if the shutdown continued much longer, it could “really impair the economy of the United States.”

Mr. Rubenstein also said Britain’s decision to exit the EU is still a cause for concern, with uncertainty over the ripple effects on the global economy.

Larry Kudlow, speaking from the White House said Thursday the US is the ‘hottest economy’ in the world.

Making and Keeping America Great!

  activity, America, bac, CG, consumer, Davos, economy, great, jobs, shutdown, trade, US

The following two tabs change content below.

• Bio
• Latest Posts

HEFFX Australia

HEFFX has become one of Asia’s leading financial services companies with interests in Publishing, Private Equity, Capital Markets, Mining, Retail, Transport and Agriculture that span every continent of the world. Our clearing partners have unprecedented experience in Equities, Options, Forex and Commodities brokering, banking, physical metals dealing, floor brokering and trading.

Latest posts by HEFFX Australia (see all)

• Top 40 Ways to Beat the Elite at Their Own Game - May 29, 2020
• Keeneland Launches Digital Sales Ring; Announces Online Select Horses Of Racing Age Sale On June 23 - May 29, 2020
• Poules d’Essai: All you need to know about the French Guineas - May 29, 2020