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SQUAWK BOX, THURSDAY 19TH JANUARY, 2023
SQUAWK BOX, THURSDAY 19TH JANUARY, 2023
ratings:
Length:
26 minutes
Released:
Jan 19, 2023
Format:
Podcast episode
Description
There are renewed U.S. recession fears following weaker-than-expected retail and PPI data. Wall Street plunges into the red while the 10-year Treasury yield hits its lowest level since September. Goldman Sachs CEO David Solomon, however, tells CNBC he believes sentiment is softening and is hopeful of a softer landing both Stateside and in Europe. Several Fed officials, including James Bullard and Loretta Mester say the U.S. policy rate should top 5 per cent during a new round of hawkish commentary. We speak to new Credit Suisse CEO Ulrich Koerner who says the bank’s business restructuring strategy is progressing smoothly as the lender scrambles to retain its top staff. And in crypto news, lender Genesis is set to file for bankruptcy while U.S. officials detain the founder of the Bitzlato exchange for allegedly handling more than $700m in illicit funds. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Released:
Jan 19, 2023
Format:
Podcast episode
Titles in the series (100)
SQUAWK BOX, FRIDAY 22ND MARCH, 2019 by Squawk Box Europe Express