Supply Chain Shocks, Fed Moves & America’s Economic Crossroads with Current's Stuart Sopp

On The Tape

RiskReversal Media

News, Business, Investing, Business News

4.6 • 757 Ratings

🗓️ 2 May 2025

⏱️ 40 minutes

🔗️ Recording | iTunes | RSS

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Summary

Guy Adami welcomes Stuart Sopp, CEO of Current, to discuss the significant changes in the market since their last conversation on December 24th. They explore the increase in market volatility observed since January and the impact on various sectors, especially exchanges that benefit from high volatility. The conversation delves into the effects of stockpiling before important events like tax refund season, which is crucial for Current’s customers who rely heavily on affordable banking services. Stuart highlights rising stress indicators such as increasing delinquency rates and reduced discretionary spending on items like gas and fast food. The duo discusses the job market, potential recession risks, and the impacts of ongoing trade tensions with China. They also analyze the U.S. dollar's weakening position and the potential ramifications on global markets, as well as the controversial handling of the gold repatriation by various countries. The episode concludes with a cautious outlook on the U.S. economy's future, considering the administration's policies and the potential for further market disruptions. —FOLLOW USYouTube: @RiskReversalMediaInstagram: @riskreversalmediaTwitter: @RiskReversalLinkedIn: RiskReversal Media

Transcript

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1:22.3	A warm welcome to the Risk Reversal podcast. Guy Adami here with my dear friend Stuart Sopp, CEO of
1:30.9	Current. How are you? I'm doing really well. Thank you, Guy, for having me. Last time we saw you
1:35.5	was December, well, we've seen you in the interim, but last time we talked was December 24th,
1:40.5	Christmas Eve. A lot has changed. So let's just try to look at the last, well, I mean,
1:45.7	specifically the last couple months, but over that period of time, a lot has definitely changed.
1:50.7	Yeah. What's gone on? Is anything, is anything happen?
1:53.2	Well, you tell me, Stu, because it's, well, I'll tell you what's going on. For me, you know,
1:58.6	finally, some of the uneasiness that was sort of manifesting itself in the fall
2:04.5	made its way into the market.
	...

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