With banks, you ultimately have to remember that they are utilities at their core and then on top of that is a risk-taking organization. One of the things I'm wondering now more prominently than I was wondering a week ago is where are the Jamie Diamonds and Brian Moynihan and Warren Buffet's in this story? Because I felt like we would have heard from them by now.
Which one is Fed Chief Jay Powell weighing more in advance of Wednesday afternoon's announcement about interest rates?
(0:20) Bill Mann discusses: - The current state of play in the banking industry - Risks of trouble spreading to other industries - What Jay Powell is (probably) focusing on as he weighs the next decision around interest rates
(10:37) Alison Southwick and Robert Brokamp answer your questions about asset allocation, company spin-offs, and bond ETFs.
Companies discussed: UBS, CS, WBD
Host: Chris Hill Guests: Bill Mann, Robert Brokamp, Alison Southwick Producer: Ricky Mulvey Engineers: Dan Boyd, Rick Engdahl
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