Discussion on the quarterly earnings of big banks, highlighting the mixed results and factors such as investment banking fees, interest income, loan losses, and changing yields affecting bank stocks. Speculation on leadership succession in the financial industry with a focus on potential successors and the impact of new leaders on big banks. Examination of market trends, Fed Chair Jay Powell's updates on the economy and monetary policy, and implications for the Treasury curve, potential rate cuts, and investor behavior.
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Bloomberg News Global Finance Correspondent Sonali Basak and Cheryl Pate, Senior Portfolio Manager at Angel Oak Capital Advisors, break down earnings from JPMorgan, Wells Fargo and Citi. Bloomberg News Rates Reporter Michael Mackenzie discusses the impact of the week's US eco data on Fed policy. Bloomberg Technology Co-Host Ed Ludlow provides the details of his Businessweek Magazine story Rivian Is Banking on the Anti-Tesla Crowd for VW Partnership. Angela Stent, Senior Fellow at Brookings Institution, shares her thoughts on NATO’s response to Russia/Ukraine war. And we Drive to the Close with Dana D’Auria, Co-CIO of Envestnet.
Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan.
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