Oct 14, 2024

Bad debt prep

Michael M. Santiago/Getty Images

Big banks are setting aside more cash to cover bad loans. Plus, an earnings report preview and a hot air balloon festival.

Segments From this episode

Why many banks are preparing for an uptick of bad loans

by Justin Ho

Oct 14, 2024

Throughout the last year, a lot of big banks have been stocking away more cash to cover bad loans. But even though banks are concerned about the broader economy, they're still trying to make loans where they can.

Many banks are nervous about commercial real estate loans, with vacancies stubbornly up. They're also keeping an eye on rising credit card debt.

Andrew Caballero-Reynolds/AFP via Getty Images

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Why OPEC is downgrading its demand forecast for the 3rd time in 3 months

by Samantha Fields

Oct 14, 2024

Oil demand is still expected to grow in the coming year, but more slowly, and especially in China.

China imports more crude oil than any other country in the world. And right now, it's having economic problems.

Brandon Bell/Getty Images

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These "discouraged" workers are left out of the unemployment rate

by Matt Levin

Oct 14, 2024

Some unemployed Americans who want to work are discouraged by the job market, so much so that they've paused looking.

About 445,000 Americans fit the federal definition of discouraged worker last month. But many more out-of-work people still feel discouraged.

Scott Olson/Getty Images

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What can quarterly earnings tell us about the economy?

by Savannah Peters

Oct 14, 2024

How individual companies are faring can help answer broader questions about things like inflation and consumer spending.

Big Banks are giving us a peek into corporate earnings.

Mandel Ngan/AFP via Getty Images

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Poker bots have invaded online gambling

by Kai Ryssdal , Aleezeh Hasan and Sean McHenry

Oct 14, 2024

These robots are basically unbeatable, and they suck the fun — and the money — out of playing, says Kit Chellel of Bloomberg.

If you've ever played online poker, you've probably played against a bot and not known it, says Bloomberg's Kit Chellel.

Bruno Vincent/Getty Images

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My Economy

Albuquerque's hot-air balloon festival is the busiest time of year for these innkeepers

by Sofia Terenzio

Oct 14, 2024

"We tend to be full until we're well through the Balloon Fiesta," says Steve Hiatt, who with his wife, Kathy, owns Bottger Mansion.

"We have to determine what our rates for rooms for Balloon Fiesta are going to be a year in advance," says Kathy Hiatt, who owns the Bottger Mansion bed and breakfast, above, with her husband, Steve.

Courtesy Kathy and Steve Hiatt

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The team

Nancy Farghalli Executive Producer

Maria Hollenhorst Producer II

Andie Corban Producer I

Sarah Leeson Producer I

Sean McHenry Director & Associate Producer II

Sofia Terenzio Associate Producer I

Jordan Mangi Assistant Digital Producer

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