Stocks Sink as Data Sparks Economic Concern

<p>Watch Alix and Paul LIVE every day on YouTube: http://bit.ly/3vTiACF.<br /><br />Bloomberg Intelligence hosted by Paul Sweeney and Alix Steel<br /><br />Today&rsquo;s Podcast Features are:&nbsp;&nbsp;&nbsp;&nbsp;<br /><br />Michael McKee, Bloomberg International Economics and Policy Correspondent, discusses U.S economic data. The US economy contracted at the start of the year, and traders are betting that the Federal Reserve will cut interest rates this year to prevent a recession. The S&amp;P 500 cut losses after separate data showed US consumer spending jumped in March.<br /><br />Woo Jin Ho, Bloomberg Intelligence Senior Technology Analyst, discusses Super Micro Preliminary results. Super Micro Computer shares&nbsp;tumbled Wednesday after giving preliminary results that fell well short of analysts&rsquo; estimates, a sign its comeback plan has been slow to gain traction.&nbsp;<br /><br />Christopher Ciolino, Bloomberg Intelligence Senior US Machinery Analyst, discusses Caterpillar earnings. Caterpillar &nbsp;expects slightly lower sales this year if Trump administration tariffs remain in place and the economy dips into a recession in the second half.<br /><br />Ann Miletti, Head of Equity Investments at Allspring Global Investments, discusses her outlook for the markets. Evidence that the world&rsquo;s largest economy is at risk of buckling under the weight of President&nbsp;Donald Trump&rsquo;s tariff war whipped up fresh volatility on Wall Street.</p><p>See <a href="https://omnystudio.com/listener">omnystudio.com/listener</a> for privacy information.</p>