Paolo Zunoni delves into the historical foundations of banking, emphasizing the significance of understanding its origins to grasp the fundamental principles. Through thorough primary research, the chapter explores historical examples such as the first public bank in Venice, Banco Giro, which transformed public debt into purchasing power, showcasing the enduring relevance of financial concepts. The discussion also examines the role of debt in society and how it can provide leverage for individuals, institutions, and governments, shedding light on the interconnected nature of modern money and debt.
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Bloomberg Intelligence Senior Airlines Analyst George Ferguson reports on Boeing's plan to plead guilty to criminal conspiracy in connection with two fatal crashes of its 737 Max jetliner, an agreement that disgraces the storied US planemaker as a felon but avoids a bruising courtroom confrontation as it tries to rebound from multiple crises. Bloomberg News White House & Politics Reporter Gregory Korte explains how President Biden has narrowed the gap with Donald Trump in swing state polling despite Biden's debate performance. Bloomberg News Personal Finance Reporter Claire Ballentine shares her Businessweek Magazine story Gen Z Trading Stocks at 19 Heralds New Age of Market Speculation. Paolo Zannoni, Executive Deputy Chairman of the Board of Prada, discusses his book Money and Promises: Seven Deals that Changed the World. And we Drive to the Close with Lauren Sanfilippo, Senior Investment Strategist for Merrill and Bank of America Private Bank.
Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan.
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