Lightnews — Scholar-powered news

Leslie Picker @lesliepicker.bsky.social · Sep 8

Please tune in tomorrow on CNBC!

⏰ 7am ET: Carlyle CEO Harvey Schwartz
⏰ 12:40pm ET: JPMorgan CEO Jamie Dimon
⏰ 2pm ET: Morgan Stanley CEO Ted Pick

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Leslie Picker @lesliepicker.bsky.social · Aug 21

"We weren’t chasing hype for its own sake. We were trying to spark the feeling that draws people to Burning Man or the World Cup: the thrill of witnessing something unrepeatable."

www.nytimes.com/2025/08/21/o...

Opinion | How We Got Young People to Like Theater

www.nytimes.com

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Leslie Picker @lesliepicker.bsky.social · Aug 20

GOLDMAN SACHS: "Short interest for the median S&P 500 stock represents 2.3% of float, near the highest level since 2019." Goldman's Crowding Index remains near record highs and market breadth registers one of the narrowest levels in recent decades -- ripe conditions for short squeezes.

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Leslie Picker @lesliepicker.bsky.social · Aug 18

“I lost $400,000 in Yieldstreet. I consider myself moderately financially savvy, and I got duped by this company. I just worry that it’s going to keep happening to others.”

Great piece by @cnbc.com's Hugh Son
www.cnbc.com/2025/08/18/y...

When 'invest like the 1%' fails: How Yieldstreet's real estate bets left customers with massive losses

Customers of the private markets startup Yieldstreet said they face huge losses on real estate investments that turned out to be far riskier than they thought.

www.cnbc.com

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Leslie Picker @lesliepicker.bsky.social · Aug 14

Given that CoreWeave's multitude of investors are sitting on sizable paper gains, there's an incentive for many of them to sell at least some shares. I'm told by three sources that bankers are testing the market for a multitude of block sales that could be orchestrated before market open tomorrow🧵/2

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Leslie Picker @lesliepicker.bsky.social · Aug 14

Shares of CoreWeave down 13%, in part, due to the anticipated flood of share supply that could pressure the stock in the short run. CoreWeave's lock-up on 83.7% of shares expires tonight -- not 180 days after its IPO, as is typical, but rather two trading days after this quarter's earnings. 🧵/1`

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Reposted by Leslie Picker

Carl Quintanilla @carlquintanilla.bsky.social · Aug 8

Busy week for the “S-word”. 👀

@marketwatch.com @opinion.bloomberg.com

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Leslie Picker @lesliepicker.bsky.social · Aug 8

OpenAI CEO Sam Altman to CNBC on *if* it were to ever go public:

"I get why people would like love for us to be public sooner. And I'm sure people also get the reality of we're in still a crazy position and it would be very hard for us to be public given just all of the realities of that."

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Leslie Picker @lesliepicker.bsky.social · Aug 7

Elon Musk, the perpetual vacation-ruiner of @matt-levine.bsky.social.

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Leslie Picker @lesliepicker.bsky.social · Aug 7

We've already gotten some great questions. AMA on the deficit, starting in 10 mins!

CNBC @cnbc.com · Aug 5

Do you want to learn more about our nation's growing deficit and the implications for markets, the economy and geopolitics?

Join us this Thursday, August 7 at 1 PM ET on Reddit for an AMA with our senior banking and finance reporter Leslie Picker.

bit.ly/455vahl

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Leslie Picker @lesliepicker.bsky.social · Aug 6

NEW REPORT: J.P. Morgan’s Global Economic Research team believes it is increasingly likely that the U.S. effective tariff rate will settle close to the 22% rate initially announced on April 2, due, in part, to sector-specific Section 232 tariffs -- many of which have not yet been finalized.

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Reposted by Leslie Picker

CNBC @cnbc.com · Aug 5

Do you want to learn more about our nation's growing deficit and the implications for markets, the economy and geopolitics?

Join us this Thursday, August 7 at 1 PM ET on Reddit for an AMA with our senior banking and finance reporter Leslie Picker.

bit.ly/455vahl

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Leslie Picker @lesliepicker.bsky.social · Aug 5

Banks cannot provide services to individuals who have been indicted. So, they were unable to do business with President Trump.

President Trump said on CNBC earlier that he and other conservatives were discriminated against for political reasons.

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Leslie Picker @lesliepicker.bsky.social · Aug 5

JPMorgan statement after Trump's claims of discrimination:

“We don’t close accounts for political reasons, and we agree with President Trump that regulatory change is desperately needed. We commend the White House for addressing this issue and look forward to working with them to get this right.”

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Leslie Picker @lesliepicker.bsky.social · Jul 29

Statement from Blackstone:

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Leslie Picker @lesliepicker.bsky.social · Jul 22

Sam Altman's Three Scary AI Scenarios (via conversation at the Fed today):

(1) Bad guy gets superintelligence first
(2) Loss of control (AI is like…no, you can’t turn me off)
(3) Models accidentally take over the world

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Leslie Picker @lesliepicker.bsky.social · Jul 22

Sam Altman at Fed Capital Conference: "Every time you're wasting your time in any way every time you're kind of looking around the internet, you can't quite do the productive thing. I think we are in an under supply of labor to a degree that is going to look horrible in retrospect."

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Leslie Picker @lesliepicker.bsky.social · Jul 21

Looking forward to sitting down in DC with Michelle Bowman tomorrow -- her first-ever CNBC interview. No shortage of things to talk about. I hope you'll tune in!

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Leslie Picker @lesliepicker.bsky.social · Jul 18

This morning, on Squawk Box, we previewed the Japanese election on Sunday, why polls are causing the JGB long end to spike, and how that may soon catch the attention of bond vigilantes in the U.S.

www.cnbc.com/video/2025/0...

Japanese bond jitters flag U.S. risk: Here's what to know

CNBC's Leslie Picker joins 'Squawk Box' to discuss how reaction in Japan's bond market to this weekend's election could serve as a warning shot to the U.S.

www.cnbc.com

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Leslie Picker @lesliepicker.bsky.social · Jul 17

Bloomberg: "Across the five biggest US banks, trading revenue hit a new record in the first six months of 2025. Uncertainty around President Donald Trump’s tariffs drove a surge of activity...leading the desks to smash second-quarter revenue expectations."

www.bloomberg.com/news/article...

Wall Street Traders Supercharged by Tariffs That Stymied Deals

Wall Street banks were optimistic Donald Trump’s second term would unleash a dealmaking boom. Instead, it’s delivered a trading bonanza.

www.bloomberg.com

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Leslie Picker @lesliepicker.bsky.social · Jul 16

👏👏👏

Carl Quintanilla @carlquintanilla.bsky.social · Jul 16

On Dec 5, hold all my calls. 💕

@playbill.com @lesliepicker.bsky.social @bgomezreports.bsky.social
playbill.com/article/merr...

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Leslie Picker @lesliepicker.bsky.social · Jul 16

Okay...hear me out. New season of "Severance." But the "innies" are investment-banking analysts. And the "outies" work in private equity.

Who needs a loyalty pledge...

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Leslie Picker @lesliepicker.bsky.social · Jul 16

Investment Banking Fees 2Q'25:

JPMorgan: +8% to $2.5B
Goldman Sachs: +26% to $2.2B
Morgan Stanley: -5% to $1.5B
BofA: -9% to $1.4B
Citi: +13% to $1.1B
Wells Fargo: +9% to $700M

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Leslie Picker @lesliepicker.bsky.social · Jul 15

Bank executives on earnings calls today:

JPMorgan: "We're essentially firing on all cylinders."
Citigroup: The firm is firing on all cylinders."
BNY Mellon: "There are a lot of cylinders in this particular engine."

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Leslie Picker @lesliepicker.bsky.social · Jul 15

Why "peak private credit?"

Dimon said: "I mentioned that credit spreads are very low. It's grown dramatically over time. And, you know, you have to pay up a lot for it. And I'm not saying it's not going to grow some more, but I'm just just I would have a slight reluctance depending on who it was."

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