Banks Face Risks Lending to GE, Cost of 12 Days of Christmas Goes Up, ‘New Collar’ Jobs

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Yalman Onaran, Bloomberg News Senior Finance Writer, discusses how the five biggest Wall Street firms have committed to lending at least $3.5 billion each to General Electric and are facing concerns about the sustainability of its debt. Amanda Agati, Co-Chief Investment Strategist at PNC, breaks down their 2018 Christmas Price Index which predicts the cost of purchasing all the items from the classic 12 Days of Christmas song. Kelli Jordan, Talent Leader at IBM, explains the company’s efforts to close the high-tech skills gap with “new collar” jobs. Hema Parmar, Bloomberg News Retail Reporter, talks about J.C. Penney using sales to shed outdated merchandise. And we Drive to the Close of markets with Luis Maizel, Co-Founder of LM Capital Group. Hosts: Carol Massar and Jason Kelly. Producer: Paul Brennan See omnystudio.com/listener for privacy information.

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