Fed Expectations & Car Talk With Michael Broderick, CEO of Monro

On The Tape

RiskReversal Media

News, Business, Investing, Business News

4.6 • 757 Ratings

🗓️ 12 December 2022

⏱️ 40 minutes

🔗️ Recording | iTunes | RSS

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Summary

Dan Nathan and Peter Boockvar are previewing this week's Federal Reserve meeting, what are they looking for ahead of Wednesday's rate announcement (2:00)? After the break, Peter Boockvar interviews Michael Broderick, Monro CEO. Michael dives into the automotive parts industry and his journey to become CEO (11:30). Peter and Michael discuss the current labor market environment and how Monro is overcoming staffing headwinds (17:30). The electric vehicle revolution is on our doorstep, what does that mean for the auto-services industry, will it actually be a boom for those in the tire replacement business (28:45)? Check out our show notes and transcript here ---- Live Show With The Compound: bit.ly/3VVYyPp ---- See what adding futures can do for you at cmegroup.com/onthetape. ---- Shoot us an email at [email protected] with any feedback, suggestions, or questions for us to answer on the pod and follow us @OnTheTapePod. We’re on social: Follow Dan Nathan @RiskReversal on Twitter Follow @GuyAdami on Twitter Follow Danny Moses @DMoses34 on Twitter Follow us on Instagram @RiskReversalMedia Subscribe to our YouTube page

Transcript

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0:00.0	Welcome to a bonus edition of On the Tate Podcast.
0:04.0	I am your host, Dan Nathan.
0:05.0	I am joined with Bleakley Financials Peter Bookbar.
0:08.0	Our listeners know and love Peter.
0:10.0	He is the C-I-O over there.
0:12.0	He's also the author of the book report.
0:15.0	You got to read this, people.
0:16.0	It's one of my first reads every morning.
0:18.0	That's B-O-O-C-K report, the book report.com.
0:22.5	Peter, welcome back to On the Tape.
0:24.6	Thanks, Dan.
0:25.3	It was fun to be here.
0:26.2	We've got a lot of stuff to go over.
0:27.4	We're going to hit your interview with Michael Broderick.
0:29.2	He is the CEO of Monroe, Inc.
0:31.4	That is a NASDAQ listed auto services company and we're going to go through why you wanted to speak with Michael and what you kind of gleaned from that conversation about the US consumer, about
0:42.0	just some of the challenges they have finding employees and the like. So we're going to hit
0:46.3	all that. But we got to hit the Fed. We know that we have this CPI print comes out Tuesday morning.
0:51.8	The Fed Chair Powell is going to have a rate decision. CME Fed Fund
0:56.6	Futures strongly suggesting that we're going to have 50 basis points. If you look out in
1:01.4	2023, it looks like we're going to have another 50 basis point in hikes, not maybe all at the same
1:07.1	time. And that's something that I think that we're going to spend so much time trying to figure out how we get there, Peter. Talk to me a little bit about this week. This is
	...

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