In this chapter, the hosts discuss the positive gains in the US equity market and introduce guest George Schultze, founder and CEO of Schultze Asset Management. They delve into George's views on the market, including the risk-on move and the rise in bankruptcies and defaults worldwide. They also explore the impact of rising interest rates on companies and lenders, opportunities for short selling over-levered companies, and the influence of the rising price of oil on distressed companies in the oil and commodities space.
Anjee Solanki, National Director of U.S. Retail at Colliers, shares her thoughts on US retail sales that showed signs of slowing in August as consumers limited their discretionary spending amid higher gasoline prices. Bloomberg News Entertainment Reporter Chris Palmeri and Bloomberg Wall Street Week Host David Westin break the news that Disney is considering selling ABC to Nexstar. Jim Chanos, Founder and President of Chanos & Company, discusses his investment outlook and thoughts on China. Paula Vissing, President of Global Retail at Little Caesars, talks about the business of being the official pizza sponsor of the NFL. And we Drive to the Close with George Schultze, Founder and CEO of Schultze Asset Management.
Hosts: Tim Stenovec and Simone Foxman. Producer: Paul Brennan.
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