Matt Welch: I think that there's certainly a possibility of like something along the lines of innocent mistake crossed with one thing that did happen. He says FTX seems to have been kind of knifed by its biggest competitor. Welch: There's no doubt that some very smart people made very bad decisions and lost a lot of money here.
Bloomberg Markets Correspondent Kriti Gupta and Bloomberg News International Economics and Policy Correspondent Michael McKee break down the markets and economic reaction to Thursday's encouraging CPI data. Dr. Ian Lustbader, Clinical Professor of Medicine at NYU Langone, discusses seeing a rise in Covid hospitalizations for kids under 6 months. Bloomberg Businessweek National Correspondent Josh Green provides the details of his Businessweek Magazine cover story Narrow GOP Edge Is McCarthy’s Dream—and Nightmare—Come True. Bloomberg Opinion Columnist Matt Levine talks about Binance pulling out of rescuing FTX. And we Drive to the Close with Doug Ciocca, CEO at Kavar Capital. Hosts: Carol Massar and Paul Sweeney. Producer: Paul Brennan.
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