
- In today’s CEO Daily: Alena Botros talks to Redfin CEO Glenn Kelman on leading during the LA wildfires.
- The big story: The Fed vs Trump.
- The markets: Moving up.
- Analyst notes from Apollo, Bank of America, Goldman Sachs, and Convera.
- Plus: All the news and watercooler chat from Fortune.
Good morning. It’s a hard time to be the chief executive of a real estate company. Home prices and rents soared throughout the pandemic, and mortgage rates followed once the Federal Reserve began its quantitative tightening. The pandemic is over and the central bank has begun to loosen its monetary policy, but home prices, rents, and mortgage rates are still high.