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2min chapter
China Rate Changes, Capital One
Bloomberg Daybreak: Asia Edition
Exploring China Sentiments Post-COVID and Capital One's Acquisition of Discover
This chapter explores the psychological impact of COVID lockdowns on consumer behavior in China, leading to revenge non-consumption and reluctance to spend. The discussion also covers the news of Capital One acquiring Discover in a $35 billion all-stock deal, touching on implications for the credit card industry, competition with Amex, cost reduction strategies, and potential antitrust concerns.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode