Despite recent announcements from the Fed that rate cuts might come in September, business leaders are concerned that the economy might weaken, explained Evercore chairman emeritus Ralph Schlosstein on Opening Bid. He joined for a conversation with Yahoo Finance's Julie Hyman, who guest hosted for Brian Sozzi. Schlosstein said that even putting aside the presidential election, "if you look solely at the economic data, there's more uncertainty out there." Looks like the business community is hoping for the best but preparing for the worst.

For full episodes of Opening Bid, watch on our website or listen on your favorite podcast platform.