This chapter discusses the focus of Wall Street on banks ahead of a Fed decision and highlights wealth management as a major driver for banks. They explore the opportunities for wealth creation and transfer and mention Morgan Stanley's leadership in revenue through acquisitions and sizable wealth flows. The chapter also addresses concerns about rising interest rates and their impact on the ability of big banks to manage.
Walter Todd, CIO at Greenwood Capital and Bloomberg Intelligence Senior Global Banks Analyst Alison Williams dig into earnings from Morgan Stanley and Bank of America. Bloomberg News EV Reporter Sean O’Kane and Scott Painter, CEO of Autonomy, talk about how Scott's auto subscription startup has been hampered by Tesla cutting car prices. Tom McGee, President of ICSC, shares his thoughts on June retail sales data and the state of retail stores. Bloomberg Businessweek Editor Joel Weber and Bloomberg News Projects and Investigations Reporter Peter Robison provide the details of Peter's Businessweek Magazine story Untested, Bacteria-Tainted Eyedrops Blinded and Killed Americans. And we Drive to the Close with Mace McCain, Chief Investment Officer at Frost Investment Advisors.
Hosts: Carol Massar and Matt Miller. Producer: Paul Brennan.
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