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On The Tape

Hope Springs Eternal

On The Tape

RiskReversal Media

News, Business, Investing, Business News

4.6757 Ratings

🗓️ 31 March 2023

⏱️ 46 minutes

🧾️ Download transcript

Summary

Guy, Dan, and Danny discuss the chaos in bank stocks (4:00), Morgan Stanley downgrading Charles Schwab (12:00), what’s next for the Fed (17:00), Danny explains the Credit-Default Swap market (22:30), the risk of Japan rate moves (28:30), implied dividend cuts in big banks (33:00), Apple entering the buy now pay later space (41:00), and Danny digs into the GameStop 10-K (46:00). ---- Shoot us an email at [email protected] with any feedback, suggestions, or questions for us to answer on the pod and follow us @OnTheTapePod. We’re on social: Follow Dan Nathan @RiskReversal on Twitter Follow @GuyAdami on Twitter Follow Danny Moses @DMoses34 on Twitter Follow us on Instagram @RiskReversalMedia Subscribe to our YouTube page

Transcript

Click on a timestamp to play from that location

0:00.0

So as we sit here on this Thursday afternoon, taping the On the Tape podcast, one thing stands out to me.

0:08.7

It is opening day of baseball.

0:12.1

The one constant throughout the years, Ray, has been baseball.

0:15.3

America has rolled by like an army of steamrollers.

0:18.1

It has been erased like a blackboard rebuilt and erased again.

0:21.7

But baseball has marked the time. That is beautiful. That is, it's not even chat GBT. That's actually Danny

0:27.5

Moses, which is amazing. It's incredible. So what, you know, what do I'm thinking about? By the way,

0:32.9

this is the On the Tape podcast, Guy Adami, Danny Moses, Dan Nathan here. Thanks for joining us, as always.

0:38.7

It's just the three of us today.

0:40.2

And when you think about opening day, baseball specifically, it's that old saying,

0:45.1

Hope Springs Eternal.

0:46.5

So I actually looked it up because I thought I knew where it was from, but it's actually

0:50.7

from a poet, Alexander Pope.

0:53.2

And he's actually the second most quoted poet behind,

0:56.7

of course, Shakespeare.

0:58.5

He's also the guy that wrote, to err is human to forgive divine.

1:03.5

So here I am thinking about it.

1:05.0

Hope Springs Eternal comes from his essay, an essay on man, and it speaks to how we're wired to be optimistic beings,

1:15.2

regardless of what we see. We always want to be optimistic. And I totally get that. And hope

1:20.4

absolutely springs eternal, Danny. And I want to be optimistic. But you know what? I'm not

1:25.9

wired that way, unfortunately. As much as I'd like to

1:28.6

live at the altar of Alexander Pope in his writings, there are things out there that continue to

...

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