This chapter delves into the phenomenon of meme stock trading and the democratization of finance enabled by smartphone apps and fee-free trading platforms. It discusses the impact of fractional ownership on making stock trading accessible to younger generations and the gamification of trading. Experts express concerns about the risks involved, emphasizing the importance of diversified investment strategies for long-term wealth building.
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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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