A sinking feeling about selling Twitter’s debt

Marketplace

News, Business

4.6 • 8.6K Ratings

🗓️ 12 November 2022

⏱️ 28 minutes

🔗️ Recording | iTunes | RSS

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Summary

When Elon Musk purchased Twitter, he borrowed billions. Now, the banks that helped finance that purchase are trying to offload those loans, but potential buyers are offering a sharply lower price of 60 cents on the dollar. Investors are wary of the risk after Musk’s first weeks as Twitter CEO. Also in today’s episode, a look back at this week’s economic data, a review of Amazon’s cost-cutting strategy and a warning for buyers in the crypto-sphere.

Transcript

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0:00.0	What happened this week and why that is the Friday show today from American public media?
0:08.5	This is Marketplace.
0:20.0	In Los Angeles, I'm Con, Rosalind.
0:21.8	It is Friday today the 11th of November.
0:24.2	Good as always to have you along, everybody.
0:26.2	So much to talk about this week.
0:28.5	So very little time.
0:29.5	So here we go.
0:30.5	Catherine Rampels at the Washington Post on a Swanson.
0:32.6	Is it the New York Times?
0:33.6	Hey you too.
0:34.6	Hey, Kai.
0:35.6	Hey, Kai.
0:36.6	So Catherine, let me start with you.
0:38.4	Obviously, we will begin with the CPI numbers out yesterday way better than anybody had
0:45.1	been guessing.
0:46.1	You know, 7.7% year on year for the headline number as was digested yesterday in the
0:51.0	news cycle.
0:52.4	Does this take the feds back a little bit away from the wall now, maybe?
0:57.3	I'm sure the general numbers were things that the fed wanted to see, you know, Chairman
1:03.7	Powell at his most recent press conference had indicated that there was a willingness
1:09.4	to slow down the pace of rate hikes going forward, but you know, not take their eye off
	...

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