This chapter explores the effects of higher interest rates on Charles Schwab's customers, leading to a shift in investment decisions and a decline in bank deposits. It also discusses the situation at Schwab following the collapse of Silicon Valley Bank and the challenges associated with the Schwab-TD Bank merger.
One of the biggest shows on cable is leaving for streaming.
(00:21) Ricky Mulvey and Bill Mann discuss:
- Netflix’s $5 billion deal with the WWE.
- Proctor & Gamble’s quarter and write down of Gillette.
- Why Schwab’s deposit flight isn’t quite breaking the bank.
Plus, (16:12) Robert Brokamp kicks off a two-part interview series with Michael Finke, the Director for the Granum Center for Financial Security at The American College of Financial Services. In part one, they discuss what to consider when planning a withdrawal rate for retirement.
Companies discussed: NFLX, TKO, PG, SCHW
Hosts: Ricky Mulvey, Robert Brokamp
Guests: Bill Mann, Michael Finke
Producer: Mary Long
Engineers: Dan Boyd, Rick Engdahl
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