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Squawk on the Street
Exclusive: Fmr. Treasury Secretary Mnuchin on NYCB Investment 3/7/24
Mar 7, 2024
Former Treasury Secretary Mnuchin's firm invests $1 billion in embattled lender NYCB. Novo Nordisk hits record high. Fed Chair Powell testifies. Retail earnings winners. Exxon vs. Chevron-Hess deal. Can Apple shares rebound?
49:00
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Quick takeaways
- Investing mindset shift with Spyder S&P 500 ETF launch by State Street.
- NYCB's cash injection led by Mnuchin raises questions on safety and bank's future.
Deep dives
State Street Spyder S&P 500 ETF and Investing
State Street launched the Spyder S&P 500 ETF 30 years ago, revolutionizing investment strategies. The Spy ETF inspired a shift in investment mindset, urging investors to consider risks, charges, and investment objectives before jumping into the market.
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