Bad debt prep
Oct 14, 2024

Bad debt prep

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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

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

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

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

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

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

What can quarterly earnings tell us about the economy?

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

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

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

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