Investors are concerned that Credit Suisse may need to raise money in the stock market through new equity. Janali: What does it take away from Credit Suisse if they get rid of investment banking? Is this a Credit Suisse specific issue or is this something that investors should be concerned about affecting other banks as well? "In times where your wealth managers are under stress, your investment bank is making you a lot of money," he says.
Bloomberg News Legal Reporter Jef Feeley explains that talks between Elon Musk and Twitter to reach a resolution of the $44 billion takeover are stuck in part over Musk’s statement that his offer is now contingent on receiving $13 billion in debt financing. Bloomberg News Wall Street Reporter Sonali Basak discusses Credit Suisse trying to bring in an outside investor to inject money into a spinoff of its advisory and investment banking businesses. Ge Bai, Professor of Health Policy and Management at the Johns Hopkins Bloomberg School of Public Health, talks about providing assistance for underinsured healthcare patients. Bloomberg Businessweek Editor Joel Weber and Businessweek Columnist Max Chafkin have the details of Max's Businessweek cover story Self-Driving Cars Are Starting to Look Like a $100 Billion Bust. Bloomberg News U.S. Economy Reporter Reade Pickert explains how the Fed has a poor record forecasting joblessness around downturns. And we Drive to the Close with Jessica Bemer, Portfolio Manager at Easterly Investment Partners. Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan.
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