On What’d You Miss this Week, Scarlet Fu, Joe Weisenthal, Caroline Hyde, and Romaine Bostick spoke with Bill Kerr, Professor at the Harvard Business School and Co-Director of the school’s Managing the Future of Work initiative, about his new book "The Gift of Talent: How Migration Shapes Business, Economy and Society." The global race for talent is on, Kerr said, and throughout history the United States has been on the receiving end of "exceptional inflows of human capital." Kerr explained how the immigration debate on Capitol Hill was changing that equation, and whether the United States could boost the domestic workforce without immigration.
Homebuilders took a hit this week and capped off thirteen days of hell. The 36-member SPDR S&P Homebuilders ETF, fell for thirteen consecutive trading days -- marking the longest losing streak in the ETF’s almost 13-year history. Stephen Kim, Head of Housing Research at Evercore ISI, came on to discuss why he’s been cautious on the group all year and how rate uncertainty was weighing on consumers. Rising rates "[don’t] necessarily prevent people from buying, but it changes what they buy." Kim said. "What we are seeing in the homebuilding industry right now is a lot of strength at the entry-level. That’s an area and price point where builders have been struggling to produce enough."
Then Torsten Slok, Chief International Economist at Deutsche Bank, came on to talk about the IMF’s decision to cut their global growth outlook for the first time in two years - putting the blame on trade tensions.
Running time 17:33