There are stocks like Tesla, where investors don't care about valuation. But there are some stocks like that, right? I mean, Amazon's also had runaway valuations for a large part of the last two decades. We're no longer looking at an endless stream of free money or cheap money. The cheap money fuels speculation. And risk is coming back because the markets are having to deal with a tighter monetary environment.
Bloomberg News Senior Finance Reporter Sri Natarajan breaks down Goldman Sachs reporting second-quarter earnings that fell 58% on an investment-banking slump, real estate markdowns and a goodwill writedown in the consumer business. Dan Morgan, Senior Portfolio Manager at Synovus Trust, shares his insight on Netflix and IBM earnings. David Trainer, CEO of New Constructs, hits Tesla earnings. Ben Walter, CEO of Chase Business Banking, discusses small business owner sentiment. And we Drive to the Close with Bloomberg News Markets Reporter Abigail Doolittle. Hosts: Carol Massar and Matt Miller. Producer: Paul Brennan.
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