Two Financial CEOs Offer Opposing Views on the Consumer, and the Latest on Rising Tensions With China 12/5/23
CNBC's "Fast Money"
00:00
Analyzing Differing Views on Consumer State and Economic Outlook
The speakers delve into the perspectives of Brian Moynihan and American Express on the state of the consumer, examining the contraction of bank credit and its implications for the economy. They discuss the Joltz and resignations data as indicators of changing economic conditions, while debating Moynihan's accuracy in predicting consumer strength. The chapter also touches on interpreting the market based on confusing factors like interest rate drops.
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Transcript
