The chapter explores US Treasury Secretary Steve Mnuchin's investment in NYCB, detailing the strategic plans to reshape the bank and the initial success of the partnership with investors. It delves into the challenges and opportunities in Miami's real estate market, from rising home insurance costs to the influx of financial professionals impacting property prices and the presence of crypto enthusiasts in real estate transactions.
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Bloomberg News Finance Reporter Katherine Doherty discusses how Donald Trump’s Treasury secretary Steve Mnuchin scored an instant profit by leading a group of investors that injected more than $1 billion into New York Community Bancorp. Dina Goldentayer, Ultra Luxury Specialist and Executive Director of Sales at Douglas Elliman, shares her thoughts on the South Florida ultra-luxury real estate market. Chris Miller, Associate Professor of International History at Tufts University, discusses news from the semiconductor industry and talks about his book Chip War: The Fight for the World's Most Critical Technology. And we Drive to the Close with Tracie McMillion, Head of Global Asset Allocation at Wells Fargo Investment Institute. Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan.
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