28 min listen
Banking Contagion: U.S., Europe, & Larry Fink’s Warning 03/15/23
FromSquawk Pod
ratings:
Length:
30 minutes
Released:
Mar 15, 2023
Format:
Podcast episode
Description
After the collapse of Silicon Valley and Signature banks and the subsequent regional bank crisis in the US, European banks are now rattling the global markets. Credit Suisse stock has hit an all time low, and global investors fear that banking contagion is spreading. Stateside, CNBC’s Eamon Javers reports, the Department of Justice and the SEC are investigating the SVB failure. Allianz and Gramercy advisor and president of Queens’ College Mohamed El-Erian unpacks the Fed’s long term policies that have led us here, the real picture of financial stability, and the rocky road ahead. Also digesting the banking contagion: the CEO of BlackRock Larry Fink is warning investors that more bank seizures could be coming and that inflation’s going to stay high. Plus, ChatGPT has reported its latest model has exhibited ‘human level’ performance on standardized testing like the bar exam and the SAT. In this episode:Eamon Javers, @EamonJaversMohamed El-Erian, @elerianmAndrew Ross Sorkin, @andrewrsorkinMelissa Lee, @MelissaLeeCNBCKlaire Odumody, @klairemarie
Released:
Mar 15, 2023
Format:
Podcast episode
Titles in the series (100)
Unemployment Hits 14.7%; Uber CEO Navigating a Crisis: The historic April jobs report from the U.S. Labor Department revealed the highest level of unemployment since the Great Depression. Market historian and UPenn Wharton Professor Jeremy Siegel shares some context for these numbers, as well as his projections for America post-Covid. Plus, Uber CEO Dara Khosrowshahi explains his plan to support and protect drivers providing essential services during the crisis. by Squawk Pod