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99% of the time I have a good sense of the economy before gathering action as a Milken conference.
Holded every May, the unique conference brings together a wealth of characters ranging from NBA legend Magic Johnson to the investment of Maven Ken Griffin.
You can just feel the money in the room.
Unlike Milken’s recent conferences, this year’s event will have a difficult performance from the White House – of course, with several side eruptions.
The two headliners on this front: CEO of Tesla (TSLA) and Master of Dog Elon Musk (who appeared last year) and Finance Minister Scott Bensten.
The CEO of NVIDIA (NVDA) Jensen Huang has just been added to the list of speaker at the end of this week.
Media Titan Rupert Murdoch is expected to appear rare among the different people of the Trump administration walking around the halls.
Once again, I have a bunch of really cool live interviews, along with a few initial offers podcasts. So be sure to set up to Yahoo Finance on Monday morning!
Back to the economy.
It happens more with the economy of a 0.3% drop in GDP, which for a moment struck stocks this week. It’s just not that simple. Tariffs hurt many companies (including Apple (AAPL) of $ 900 million in additional costs, we learned this week). But this does not hurt others as conventional wisdom would have.
Put everything together and have a very confusing background to invest.
The best thing I can do is present what the best world leaders see and hear. From there, you make your own judgment about where the economy can target – because, frankly, I’m not sure and I suspect that confusion will be exposed to my chats this week in Milken.
Here’s what the CEOs told me in the last week of Trump’s rates, the markets and the US economy.
“If you look at the American business, the weakness in the volume in Q1 was concentrated in what we call future consumption packs, which is much more prevalent in supermarkets or … independent retail outlets, not comfort or off-the-lower service and all the channels away from the home. The geopolitical reaction.
