David Brancaccio

But why now?

Christopher Lowe is chief economist at FHN Financial in New York.

Hey, Chris.

Hey, David.

So U.S.

government bonds, people are buying those because they're worried about something else.

The something else is coming out of London.

What is it?

All right.

We'll see if those accusations are borne out.

But we do see evidence.

There are published reports that some of the banks that are creditors are exposed to some of these losses.

This sounds familiar to that auto subprime lender, Tricolor, that ran into trouble late last year.

All right.

We'll continue to monitor this.

Christopher Lowe, chief economist, FHN Financial in New York.

Thank you.

And this will remind many of a comment made last fall by the CEO of the biggest of banks, Jamie Dimon of JPMorgan Chase, after that private credit auto lender Tricolor went bankrupt.

His quote, when you see one cockroach, there are probably more.

The artificial intelligence firm Anthropic has rejected the Pentagon's demands for unrestricted use of its technology.