Last week, we saw a lot of flows into XLF, believe it or not. What we've heard anecdotally is people who had deposits at smaller regional banks starting to move their money to some of these larger banks. So it really comes down to investors waking up to the reality that in some cases they don't know they have exposure to some of those companies. And I think more importantly, the net interest margin story is interesting because that's ultimately what was the undoing of Silicon Valley Bank is that interest margins went against them.
Bloomberg Intelligence Senior Global Banks Analyst Alison Williams and Bloomberg Intelligence Senior Analyst for US Regional Banks Herman Chan break down the latest news on the turmoil in the global banking sector. Build-A-Bear Workshop CEO Sharon Price John discusses earnings and consumer discretionary spending. Bloomberg Intelligence Senior Technology Analyst Anurag Rana shares his thoughts on Amazon cutting 9,000 more jobs. And we Drive to the Close with Paul Baiocchi, Chief ETF Strategist at SS&C ALPS Advisors.
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