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David looks at why private credit may be setting the stage for the next major financial break. They walk through the growing risks in insurance portfolios, private equity, and commercial banking, and why more of that exposure may be finding its way toward everyday investors. The episode also covers recession pressure, energy shocks, interest rates, […]
[CNBC] Stock futures rise after Trump extends ceasefire with Iran: Live updates
[Yahoo/Bloomberg] Oil, Gas Whipsaw Post-Settlement as Trump Extends Iran Ceasefire
[Axios] Trump extends Iran ceasefire, citing "fractured" Iranian government
[Yahoo/Bloomberg] Trump Extends Iran Truce, Maintains Blockade as Talks Falter
[CNBC] Trump extends ceasefire in Iran, citing ‘seriously fractured’ Iranian government
[AP] Live updates: Trump says US is extending ceasefire while awaiting proposal from Iran
[Bloomberg] Fed’s Waller Calls for Shakeup of Central Bank’s Operations
[FT] Kevin Warsh sidesteps questions over Donald Trump’s influence on Fed rate policy
[FT] Warsh signals evolution, not revolution at the Fed
[FT] Iranian tankers bypass US blockade
[Reuters] Wall Street's rally fades as Middle East angst overshadows earnings optimism
[Reuters] Oil prices climb 5% after Trump says he does not want to extend Iran ceasefire
[Axios] Vance's Pakistan trip postponed indefinitely as Iran boycotts peace talks
[AP] Live updates: US-Iran talks are in doubt as ceasefire nears an end
[Axios] Vance's Pakistan trip on hold as Iran refuses to commit to peace talks
[Yahoo/Bloomberg] US Awaits Iran Decision on Talks as Ceasefire Deadline Nears
[Reuters] Warsh calls for 'regime change' at Fed, new inflation approach
[AP] Warsh says Trump has not pressured him to cut rates, even as president calls for reductions
[Reuters] Fed chair nominee Warsh has big ideas. Here are some, in his own words
[AP] What to know as ceasefire in the Iran war hangs in the balance
[AP] US military pushes for boost in 2027 spending on drones and air defenses used in Iran war
[Axios] US Awaits Iran Decision on Talks as Ceasefire Deadline Nears
[Yahoo/Bloomberg] Trump Encourages Companies Not to Seek Tariff Refunds
[Politico] Russia uses AI to hack Europe, Dutch intelligence warns
[Bloomberg] Here Are the Key Takeaways From Kevin Warsh’s Fed Confirmation Hearing
[NYT] U.S. Considers Financial Support for Oil-Rich U.A.E.
[NYT] Job Cuts Driven by A.I. Are Rising on Wall Street
[WSJ] The AI Spending Spree Is Far from Over
[WSJ] Probe of Trump Foes Heats Up Under Acting Attorney General
[FT] Oil market has lost a billion barrels due to Iran war, Vitol boss warns
[CNBC] Stocks rise as Trump expects a deal with Iran before ceasefire: Live updates
[Reuters] US seizes tanker in international waters as Iran truce deadline nears
[Reuters] War in Iran is causing biggest energy crisis in history, IEA says
[Axios] Vance to travel to Pakistan on Tuesday for Iran talks, sources say
[AP] Retail sales up 1.7% in March from February driven by a spike in gas prices due to the Iran war
[AP] Trump’s Federal Reserve nominee is set to face a tough hearing before Senate panel
[Axios] What to look for in Kevin Warsh's big day on Capitol Hill
[Reuters] As Warsh faces hearing, a framework for smaller Fed balance sheet emerges
[Reuters] Price hikes, outlook cuts - What airlines are doing as fuel costs surge
[Politico] Iran war accelerates America’s breakup with the world
[Reuters] Governments worldwide shield households from rising energy costs
[Yahoo/Bloomberg] Asia’s Largest Oil Buyers Are Running Low on Hormuz Alternatives
[Bloomberg] Top Oil Traders Warn Worst of Demand Hit From War Is Yet to Come
[Bloomberg] How Iran Weaponized the Strait of Hormuz
[Bloomberg] SEC Monitoring ‘Emerging Pressures’ in Private Credit Space
[Bloomberg] Blackstone’s BCRED Cuts Value of Loan to Dental-Implant Company
[Bloomberg] Home Insurance Costs Hit America’s Heartland the Hardest
[Bloomberg] Three Ships Including an Iranian Vessel Attempt Hormuz Transits
[Bloomberg] BOJ Flags Risk to Japan Bonds From Foreign Hedge Funds Unwinding
[Bloomberg] Japan’s Takaichi Risks China’s Wrath With Yasukuni Offering
[NYT] Trump’s Pick to Lead Fed Will Face Senators at a Tricky Moment
[NYT] ‘Immediate Results’ vs. ‘The Long Game’: The U.S. and Iran Face Off
[WSJ] Warsh Embarks on High-Wire Act of Convincing Investors Without Angering Trump
[WSJ] Americans Are Losing Confidence in Having Enough for Retirement, Survey Says
[WSJ] Rules of Origin Set Up U.S.-China Clash in Asia
[WSJ] Saudi Arabia and Iraq Are Caught in a Hidden War Within the War
[FT] Private credit funds strained as borrowing costs edge higher
[FT] Top US insurance regulator warns of risks from push into private markets
[FT] Anthropic and Amazon agree $100bn AI infrastructure deal
[FT] The US cattle industry is eating its own tail
[FT] Tackling energy security can no longer be put off
[FT] Thom Tillis: the Republican blocking Donald Trump’s pick for Fed chair

David looks at why private credit may be setting the stage for the next major financial break. They walk through the growing risks in insurance portfolios, private equity, and commercial banking, and why more of that exposure may be finding its way toward everyday investors. The episode also covers recession pressure, energy shocks, interest rates, […]
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