Justina lee is markets reporter for bloomberg news. She joins us on the phone from london to talk about three arrowscapit, how it became a crypto contagion. Three arrows capital is this hedchland base in singapore that was started by two high school friends of suju and kal davies. The story written by a great team including justina lee, muya shen and ben bartenstein. They say it's about three billion dollars, which might sound, you know, not particularly significant to our wall street listeners. Yet, in cripto, it was sort of like this og hetch fund. It was always one
Bloomberg News Technology Reporter Mark Bergen explains that Google plans to slow hiring for the remainder of the year in the face of a potential economic recession. Bloomberg Businessweek Editor Joel Weber and Bloomberg News Markets Reporter Justina Lee talk about Justina's Businessweek Magazine story How Three Arrows Capital Blew Up and Set Off a Crypto Contagion. Saks CEO Marc Metrick shares the details of the Saks Pulse survey on luxury goods spending. Cheryl Pate, Senior Portfolio Manager at Angel Oak Capital, provides a preview of bank earnings. And we Drive to the Close with Eddie Perkin, Chief Investment Officer for Equity at Eaton Vance.
Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan.
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