Slate Money | Credit Cockroaches

Slate News

Slate Podcasts

News, News Commentary, Politics

4.6 • 6K Ratings

🗓️ 18 October 2025

⏱️ 54 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

This week: The downfall of First Brands and Tricolor has led to finger-pointing between banks and private credit firms. Felix Salmon, Elizabeth Spiers, and Emily Peck discuss whether these fraud-related bankruptcies are a sign of major issues to come within the credit market. Then, car prices and sales are up across the board. The hosts cover the state of the auto industry, the spike in EV sales caused by expiring incentives, and what it’s like to own a Crybertruck these days. And finally, QQQ is probably the only ETF you’ve heard of thanks to its aggressive advertising. The hosts explain the unusual structure of the wildly successful ETF that led to a Super Bowl ad level marketing budget but very little profit for its own trustee Invesco. In the Slate Plus episode: What the heck is going on with matcha prices?? Want to hear that discussion and hear more Slate Money? Join Slate Plus to unlock weekly bonus episodes. Plus, you’ll access ad-free listening across all your favorite Slate podcasts. You can subscribe directly from the Slate Money show page on Apple Podcasts and Spotify. Or, visit slate.com/moneyplus to get access wherever you listen. Podcast production by Jessamine Molli and Cheyna Roth. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Hello and welcome to Slate Money, your guide to the business and finance news of the week.
0:19.2	I'm Felix Ammon of Bloomberg. I'm here with Emily Peck of Axios.
0:23.6	Hello, hello. With Elizabeth Spires of the New York Times.
0:27.7	Hello. And we are going to finally give you the private credit bubble episode that you've been
0:32.7	waiting for. You've been writing in and being like, talk about first brands. So now we are
0:37.0	going to talk about first brands, the credit market and whether things are bursting.
0:41.9	We are also going to talk about cockroaches.
0:44.0	Yes, that's the same subject.
0:45.8	We are going to talk about cars, which are very expensive.
0:49.0	I'm going to talk about why they're so expensive and what's going on in the auto market.
0:52.6	We are going to talk about QQQ, the NASDAQ,
0:59.0	ETF that is just insanely profitable. We have a Slate Plus segment on MAPHA. It's all coming up on sleep and eat.
1:11.6	300 sensors.
1:14.6	Over a million data points per second.
1:17.6	How does F1 update their fans with every stat in real time?
1:21.6	AWS is how.
1:24.6	From fastest laps to strategy calls,
1:26.6	AWS puts fans in the pit.
1:31.0	It's not just racing, it's data-driven innovation at 200 miles per hour.
1:37.1	AWS is how leading businesses power next-level innovation.
1:41.9	Hi, this is Ava from Vanta.
1:43.9	In today's digital world, compliance regulations are changing constantly, and earning customer
	...

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