Joel Greenfield: After the financial crisis, interest rates were rock bottom. He says banks didn't exactly react quickly to it by raising their own deposit rates. This time, he says, a rise from the Federal Reserve has been so rapid that they've reacted quickly. Greenstein: It's a very dramatic and sort of newly competitive environment for banks.
Bloomberg News EV Reporter Sean O’Kane discusses Tesla signaling more price cuts ahead despite margin damage. Bloomberg News Space Reporter Loren Grush reports on SpaceX’s Starship rocket exploding shortly after liftoff on Thursday. Rachel Gerring, EY Americas IPO Leader, shares her insight on the current state of the US deals market. Bloomberg Businessweek Editor Joel Weber and Bloomberg Markets Senior Editor Mike Regan provide the details of Mike's Businessweek Magazine cover story Breaking Up With Your Bank Is Easier With 4% Savings Accounts. And We Drive to the Close with Mary Ann Bartels, Chief Investment Strategist for Sanctuary Wealth.
Hosts: Carol Massar and Madison Mills. Producer: Paul Brennan.
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