Host just this past week of the Federal Reserve bank of new york reported americans are now 1 trillion in Credit Card Debt. To help us understand that and what it might mean for the broader economy, we are joined by matt schultz, chief credit analyst with lending tree. Com. Tell us about lending tree. What does your company do . Guest lending tree is an online marketplace where you can go and search for reddit card loans, auto loans, personal loans, mortgages. We are not a lender. We are a middleman to help people find the best prices on loans and compare rates, but we also have an Editorial Team that creates a lot of great content to help people make smart decisions about their money, and what to do when they have acquired credit. Host you said you are more of a broker, a guide for folks shopping for credit cards, for loans. What is lending trees relationship with the Credit Card Companies . Guest lending tree on the business side collects a bounty for every person who successfully ap
A surprise. Not a surprise was to both independence and accountability that was doubted by key republicans. Where will the hunter biden investigation go from here . How will the Biden Campaign respond . Will the mounting legal troubles of hunter biden and donald trump obscure other issues and candidates in the 2024 president ial race . It is saturday, august 12, 2023. Good morning and welcome to washington journal. Those questions and more about the announcement of the special counsel. We would like to hear your thoughts. 202 7488001 is the line to call for republicans. It is 202 7488000 for democrats. For independents and others, 202 7488002. You can send us a text at 202 7488003. Tell us your name and where you are texting from. We will also look for your comments on facebook and twitter, cspanwj. We will give you the chance to hear all of Merrick Garlands brief comments from yesterday. We will look at some analysis and update where the investigation is now. And we will hear from you
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Yield. Oil down for a Third Straight day. Back into the low 80s on wti crude. Small caps had been outperforming much of the day. Banks, though, continue to lag. They have certainly been pulling up the rear for much of the last several months. We begin with our talk of the tape. Is the threemonth market pullback driven by macro and Interest Rate concerns running its course as the final earnings season of the year gets under way or will the bolts remain penned in by higher rates and fears of slowing growth and whatever else we can think of. Lets ask adam parker, cnbc contributor. Adam, i dont know, people trying to look on the not so negative side. Yesterday, a bit of a failed rally. Today, yields are quiet, markets able to maybe seize on some of the fundamental news. Are weable to go from macro to micro at this point . During evenings season, some stocks give you four updates a year. The rest of it is all macro or factor betting. I think were getting some mixed to positive results on ag
Businesses. Here we are. Thank you. Good morning, everyone. It is a pleasure to welcome you all on behalf of the brookings institution. Cornell law school and vanderbilt law school. We are incredibly delighted that you have joined us today in person as well as online. Talk with u. S. Financial system, given that it is outside of a Holiday Weekend and you guys are here to talk about the Payment System, i think it is safe to assume you are here for a completely full on nerd experience so that is exactly what we are here for. Deeply desperately needs it. It needs your ideas, it needs your policies and passion to get it ready and equipped but we know is already here so we know the u. S. Payment t system has undergone structural transformation over the last three or four years and if we could have a show of hands in the room, youve been using the last 24 hours to pay for anything. One, two, three, four. You think as much as so many of us are moving toward a cashless universe especially afte