Regional Bank Stress & Schwab’s Record Quarter 10/17/25

Squawk Pod

CNBC

Business News, News, Investing, Business

4.2 • 543 Ratings

🗓️ 17 October 2025

⏱️ 38 minutes

🔗️ Recording | iTunes | RSS

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Summary

Bank stocks are tumbling as concerns about bad loans at regional banks have worried global investors. CNBC’s Leslie Picker reports on the selloff and what’s driving it. Charles Schwab CEO Rick Wurster discusses the health of the U.S. lending ecosystem and his own firm’s record quarter, including Gen Z appetite for retail investing and growing demand for alternative assets. CNBC’s Steve Liesman breaks down the latest CNBC All-America Economic Survey, and Eamon Javers reports on Treasury Secretary Scott Bessent’s meeting with China’s Vice Premier amid tense trade talks. Plus, a new partnership with Meta boosts Ray-Ban maker EssilorLuxottica’s sales by nearly 12%. Leslie Picker - 07:39 Rick Wurster - 12:44 Steve Liesman - 28:25 Eamon Javers - 37:44 In this episode: Steve Liesman, @steveliesman Eamon Javers, @eamonjavers Leslie Picker, @LesliePicker Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Cameron Costa, @CameronCostaNY

Transcript

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0:00.0	Bring in show music, please.
0:03.0	This is Squawk Pod, and I'm CNBC producer Cameron Costa.
0:08.0	On today's episode, zeroing in on the credit markets.
0:13.0	We've made a lot of bottoms in October, and please don't pick your bottom, or don't pick a bottom.
0:19.0	Worries over bad loans at mid-size U.S. banks are shaking up global stocks.
0:25.2	CNBC's Leslie Picker reports.
0:27.7	The markets are just overall on high alert about cracks in the credit markets.
0:31.7	And how Charles Schwab is interpreting these concerns.
0:35.3	The brokerage hit record revenue in the past quarter,
0:38.3	and CEO Rick Worcester says he's not worried about credit, at least not yet.
0:43.3	We're not seeing the indicators that would suggest this is a broad-brace credit issue yet.
0:48.3	Plus, the Rayban Meta Partnership is paying off, and in Washington, Treasury Secretary Scott Bessent is set to speak
0:56.0	with his Chinese counterpart to talk trade.
0:58.4	The question is, you know, whether that represents some kind of a breakthrough in this flare-up
1:03.9	of tensions that we've seen over the past week or at least maybe a platform where some
1:08.8	kind of a breakthrough could happen.
1:11.3	It's Friday, October 17th, and SquawkPod begins right now.
1:16.9	Stand Becky by in three, two, one.
1:19.8	Cue, please.
1:22.0	Good Friday morning, everybody.
1:23.7	Welcome to Squackbox right here on CNBC.
1:26.0	We're live from the NASDAQ market site in Times Square.
	...

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