Hello, welcome to the digital banks episode of Slate Money, your guide to the business

and finance news of the week.

I'm Felix Amon of Axios, my colleague, Emily Peck of Axios, is off on vacation as normal

though. Elizabeth Spires is here.

Hello.

And much more excitingly, apologies Elizabeth, Ed Lee is here. Edmond Lee, welcome.

Welcome back.

Hello.

I should say.

Thank you very much. It's always fun to be here.

We love having you on this show. You can be Emily for today.

I can do a pale invitation, yeah, sure, certainly.

You used to be a media reporter. You now have some highfalutin job at the New York Times

that no one understands.

Yeah, but that's how it works. You enter management and then you have this very fuzzy

fungible, you know, job description.

So you have a fuzzy, fungible job at the New York Times, but you used to be a media reporter.

I know you're still a media reporter at heart, so we are going to talk about media deals.

We're going to talk about the way the media covers the inflation data and what we can

learn from now, what it means politically and economically.

And we're going to talk about neo banks. We're going to talk about Goldman Sachs, Marcus

and all of the other digital banks, and we're going to talk about my thesis that they're

...