Debt Default Averted, Summer Travel Trending, & ‘Bull’ Has Entered the Market Chat 6/05/23

The markets may be poised to exit the bear market , and Washington has averted a debt default crisis. House Speaker Rep. Kevin McCarthy (R-Calif.) discusses the passage of the debt ceiling deal , spending cuts, and bipartisanship moving forward. Labor disputes in California have congested shipping flows, and oil prices are on the rise in the wake of the latest OPEC+ meeting and an announcement from oil giant Saudi Arabia . Plus, over 50% of Americans are packing their bags for vacation over the next 6 months; Marriott CEO Tony Capuano discusses this year’s summer travel demand and the strength of the travel industry, despite economic uncertainty. In this episode: Kevin McCarthy, @SpeakerMcCarthy Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.