The run in the stock this year, similar to run in meme stocks. All of them have so little cash that they can't support their burn rate for more than a couple of years for 24 months. They're all burning tons of cash. And so it's sort of like there's an end of the road. I mean, at some point in time, people are going to say, "I'm not going to lend this company money"
Bloomberg News Senior Finance Reporter Sri Natarajan breaks down Goldman Sachs reporting second-quarter earnings that fell 58% on an investment-banking slump, real estate markdowns and a goodwill writedown in the consumer business. Dan Morgan, Senior Portfolio Manager at Synovus Trust, shares his insight on Netflix and IBM earnings. David Trainer, CEO of New Constructs, hits Tesla earnings. Ben Walter, CEO of Chase Business Banking, discusses small business owner sentiment. And we Drive to the Close with Bloomberg News Markets Reporter Abigail Doolittle. Hosts: Carol Massar and Matt Miller. Producer: Paul Brennan.
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