During most of the pedemic, you have barely been penalized for being a junk rated issuer. That gap has started to widen out and that's where we're really going to see the potential for defaults come in. Because these companies have borrowed so much in the last two years, they've been able to push maturities,. But when maturities are starting to come up, if they can't borrow easily, that will lead to the fallxfor the weakest companies.
Bloomberg News Credit Markets Reporter Jack Pitcher discusses how the biggest Fed interest-rate increase since 2000 could disrupt the flow of capital and tip the economy into a recession. Bloomberg Businessweek Editor Joel Weber and Bloomberg News Health Care Reporter Angelica Peebles share the details of Angelica's Businessweek Magazine story Putting an End to Heart Attacks by Editing Human DNA. Bloomberg News West Coast Correspondent Ed Ludlow reports on Rivian tumbling on a report of Ford selling shares at a discount. Bloomberg News Personal Finance Reporter Claire Ballentine explains how Duke Students in a 'TikTok Class' learn to earn $5,000 per post. And we Drive to the Close with Aaron Kennon, CEO at Clear Harbor Asset Management.
Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan.
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