Bloomberg Businessweek

BWPodcast062923

Jun 29, 2023

Jenny Surane discusses investors scrutinizing the cost of surging brokered deposits and FHLB loans, Ben Emons shares thoughts on Fed policy and the markets, Elizabeth Gore talks about equitable access to credit for small business owners, Joel Weber and Jeremy Keehn share stories from the Businessweek Magazine’s Heist issue, and Sonia Meskin discusses rising yields and inflation uncertainty.

50:55

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Episode guests

Jenny Surane

Elizabeth Gore

Ben Emons

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Episode notes

Podcast summary created with Snipd AI

Quick takeaways

Investors are closely examining the cost of surging brokered deposits and FHLB loans for midsize banks.

The potential upside in inflation and comments from central bank officials are driving the recent move up in yields.

Credit card usage and delinquencies can serve as indicators of consumer health.

Deep dives

Higher yields reflect potential upside in inflation and central bank talk

The recent move up in yields is consistent with the potential upside in inflation and the comments from central bank officials.

Introduction

2min

Risks and Impact of Broker Deposits on Banks

9min

Current State of Treasury Yields and Bond Market Reaction

10min

Insights from a Senior Portfolio Manager and Sponsor Messages

2min

Supporting Small Business Owners with Hello Alice

6min

Key Factors for Small Business Success

2min

The Heist Issue and Stealing from the Poorest

14min

Implications of Rising Yields and Inflation Uncertainty

7min

Concerns and Risks in the Private Credit Sector

3min

Bloomberg News Finance Reporter Jenny Surane discusses her Big Take story about investors scrutinizing the cost of surging brokered deposits and FHLB loans as midsize banks bear brunt of higher interest rates. Ben Emons, Head of Fixed Income at New Edge Wealth, shares his thoughts on Fed policy and the markets. Elizabeth Gore, President and CEO of Hello Alice, talks about providing equitable access to credit for small business owners. Bloomberg Businessweek Editor Joel Weber and Businessweek Features Editor Jeremy Keehn share some stories from the Businessweek Magazine’s Heist issue. And we Drive to the Close with Sonia Meskin, Head of US Macro at BNY Mellon Investment Management.
Hosts: Carol Massar and Matt Miller. Producer: Paul Brennan.

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Bloomberg Businessweek

BWPodcast062923

Episode guests

Podcast summary created with Snipd AI

Quick takeaways

Deep dives

Higher yields reflect potential upside in inflation and central bank talk

Risks for financial assets, particularly equities, due to higher term premium and real rates

Consumers expected to soften when excess savings run out, but labor markets and wage growth remain robust

Credit cards as an important gauge of consumer health

Private credit as an area of potential concern due to lack of public data and systemic risks

Remember Everything You Learn from Podcasts