This chapter explores the impact of the recent downgrade in bank ratings by Moody's and discusses the challenges faced by the banking industry, including real estate exposure, interest rate exposure, and deposit costs. It also touches on the potential erosion of traditional checking accounts and highlights recent changes in Tesla's executive suite.
Bloomberg Intelligence Senior Analyst for US Regional Banks Herman Chan discusses US bank stocks declining on Tuesday after Moody’s Investors Service lowered its ratings for 10 small and midsize lenders. Bloomberg News Senior Technology Reporter Dana Hull talks about how Tesla’s new CFO now has two jobs and a lot of question marks. Kweilin Ellingrud, Director and Senior Partner at McKinsey Global Institute, shares the details on a report about Generative AI and the future of work in America. And we Drive to the Close with Sam Stovall, Chief Investment Strategist at CFRA.
Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan.
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