Watch Out: Wall Street Is Finding New Ways to Repackage and Sell Debt

WSJ What’s News

The Wall Street Journal

Daily News, News

4.1 • 4.2K Ratings

🗓️ 23 October 2024

⏱️ 13 minutes

🔗️ Recording | iTunes | RSS

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Summary

P.M. Edition for Oct. 23. Matt Wirz, who writes about credit for The Wall Street Journal talks about why Wall Street is excited about NAVs, SRTs and CDOs. And U.S. home sales hit another nearly 30-year low. Journal housing reporter Nicole Friedman explains why new buyers are staying on the housing market sidelines. Plus, with deadlocked polls and the memory of 2016, White House reporter Tarini Parti says Democrats are becoming more anxious ahead of Election Day. Tracie Hunte hosts. Sign up for the WSJ's free What's News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	What's 2FA security on Krakan?
0:04.0	Let's say I'm captaining my football team and we're up by a goal against, I don't know,
0:07.8	rover and rovers.
0:08.8	Do we relax?
0:10.0	No way.
0:11.0	Time to create an extra line of defense and protect that lead.
0:15.0	That's like 2FA on Krakan, a sure-fire way to keep what you already have safe and sound.
0:19.9	Go to Krakan.com and see what crypto can be.
0:23.2	Don't invest unless you're prepared to lose all the money you invest.
0:25.8	This is a high-risk investment and you should not expect to be protected if something goes wrong. U.S. Home sales are on track for their worst year in nearly 30 years, again.
0:39.8	And Wall Street is coming up with more ways to slice, dice, and repackage debt.
0:44.6	A lot of what's being done is in the private market.
0:47.1	And so we don't really see those deals.
0:49.2	Regulators don't see them, reporters don't see them, even analysts don't necessarily see them.
0:54.4	Plus, a terrorist attack hits a major Turkish defense facility.
0:58.8	It's Wednesday, October 23rd, I'm Tracy Hunt for the Wall Street Journal. This is the PM edition of What's News, the top
1:06.3	headlines and business stories that move the world today.
1:11.0	The National Association of Realtors Today said the sales of existing homes in the US
1:16.1	are on track for the worst year since 1995. For the second year in a row, persistently
1:22.3	high home prices and elevated mortgage rates
1:24.8	are keeping potential homebuyers on the sidelines. Sales of previously owned
1:29.6	homes in the first nine months of the year were lower than the same period last year.
	...

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