A $140 Million BlackRock Loss Revives Private Credit Worries

WSJ What’s News

The Wall Street Journal

Daily News, News

4.1 • 4.2K Ratings

🗓️ 30 January 2026

⏱️ 15 minutes

🔗️ Recording | iTunes | RSS

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Summary

P.M. Edition for Jan. 30. A BlackRock fund surprised investors last week when it said that its net asset value declined 19%. Matt Wirz, who covers credit for the Journal, discusses why that’s reviving some fears around private credit. Plus, stocks fell, silver and gold plunged and the dollar strengthened after investors learned that President Trump picked Kevin Warsh to run the Federal Reserve. And fast casual restaurant chains like Starbucks, Chipotle and Subway are changing their menus and their marketing to lure diners with a hankering for protein. WSJ reporter Kelly Cloonan discusses what that could mean for their business. Alex Ossola hosts. Sign up for the WSJ's free What's News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	If you're early in your career and looking for insight, inspiration, and honest advice, listen to the Capital Ideas podcast.
0:11.1	Hear from Capital Group professionals about leaning into the differences that make you unique, making decisions that last, and what it means to lead with purpose.
0:20.4	The Capital Ideas Podcast, from Capital Group, available wherever you listen.
0:25.7	Published by Capital Client Group, Inc.
0:31.3	Former CNN anchor Don Lemon was arrested over a protest at a Twin Cities church.
0:38.9	Plus, the private credit market is showing some cracks.
0:42.3	These funds can drag out the write downs of their assets because there is this opacity.
0:48.6	And so you as an investor may not know that you're sitting on some time bombs in your fund
0:53.4	that can turn into a massive loss
0:56.0	as it did in this case.
0:57.7	And will Trump's Fed chair pick be a friend to Wall Street?
1:01.2	Investors aren't sure.
1:03.2	It's Friday, January 30th.
1:05.2	I'm Alex Osloff for the Wall Street Journal.
1:07.1	This is the PM edition of What's News, the top headlines and business stories that
1:12.5	move the world today.
1:18.9	Former CNN anchor Don Lemon has been arrested by federal agents over a protest that disrupted
1:24.5	a church service in St. Paul, Minnesota earlier this month.
1:28.1	Lemon, who now works independently, said he was there as a journalist, not a participant.
1:33.0	Lemon's lawyer called the arrest an attack on free speech. The arrest came following pressure
1:37.7	from President Trump to prosecute protesters who have clashed with federal agents in the Twin Cities.
1:43.0	A magistrate judge last week declined to sign off on a complaint charging Lemon.
	...

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