Exploring the backgrounds of key Wall Street figures, including David Glass, and their involvement in the unregulated cash advance industry resembling payday lending for small businesses. Shedding light on the link between cash advance companies and private credit firm Basement Capital, with discussions on the lack of oversight and potential pitfalls for small business owners. Reflecting on the philanthropic ambitions of billionaire Leon Cooperman amidst accusations against a cash advance company, as well as the controversial transitions and funding in the private credit market affecting small businesses.
Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.
Bloomberg Technology Co-Host Ed Ludlow discusses Tesla easing concerns about disappointing earnings results and diminished growth by vowing to launch less-expensive vehicles as soon as late this year. Bloomberg News Projects and Investigations Reporter Zach Mider shares the details of his Businessweek story A Hedge Fund Billionaire's Cash Helped Fund 'Predatory' Lender. Mike Brown, President and CEO of Travel + Leisure Co., talks about the company's earnings and the growing demand for travel. Mattel CEO Ynon Kreiz chats about the toymaker's earnings and growth strategy. And we Drive to the Close with Liz Ann Sonders, Chief Investment Strategist at Charles Schwab.
Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan.
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