Lisa Ellis of MoffettNathanson discusses Hindenburg’s short position on Jack Dorsey’s payments firm Block and says it’s “cherry-picking what I would argue is very likely a very small issue.”
Nandalal Weerasinghe, governor of the Central Bank of Sri Lanka, discusses the country’s $2.9 billion bailout package from the International Monetary Fund.
Danielle DiMartino Booth of Quill Intelligence disagrees with the Fed’s use of time-lagged data to keep rates higher for longer. She argues that banks are signaling that the bankruptcy and default cycle has “begun to unwind”.