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Fed Day 1, Debt Ceiling Watch, Uber Beats, Chegg Plunges on AI Warning, J.J. Watt Visits Post 9 5/2/23

Squawk on the Street

00:00

The FDIC's Decision to Buy JP Morgan

David Frum: I worry that there could be a populist backlash against JP Morgan. He says the FDIC would have to say, you know what, we're going to give the points in gambling and give the points to the weaker player. "You got to buy the stock here, even into this tsunami of selling," he adds.

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