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The Rita Cosby Show
Weeknights

Ryan Payne | 77 WABC Host | 08-01-25

Ryan Payne joins the show to talk about the latest economic news following a 600-point drop in the stock market. He noted the weaker-than-expected jobs report but stressed that unemployment remains historically low and overall growth is still strong. Payne discusses market volatility, Federal Reserve policy, and interest rate prospects, predicting a possible rate cut by October. He expressed long-term optimism about the U.S. economy, criticized Tesla's overvaluation, and highlighted tariff challenges for Ford. Payne remains bullish on banks like Bank of America and urged listeners to focus on reality over negative market sentiment.

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