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Leslie Picker

@lesliepicker.bsky.social
4.9K followers 109 following 262 posts

@CNBC Senior Banking and Finance Reporter

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Leslie Picker @lesliepicker.bsky.social · 17/12/2025
Medline ended its IPO debut up 41% to $41/SH
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Leslie Picker @lesliepicker.bsky.social · 04/11/2025
"I didn’t fall in love with acting by watching TV or movies. Instead, I fell in love with the power to make people feel things." www.wsj.com/real-estate/...
wsj.com
Becoming a Child Actor Turned Zoey Deutch’s Life Around
The ‘Anniversary’ and ‘Nouvelle Vague’ star on having two influential grandmas, taking yoga classes for her anxiety and the best acting advice.
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Leslie Picker @lesliepicker.bsky.social · 24/10/2025
"Only about 11% of companies that have gone public through a SPAC merger since 2019 are trading above their issue price, and dozens went bust just months after listing on US stock exchanges." www.bloomberg.com/news/article...
bloomberg.com
SPACs Are Back, and MAGA Is Fueling Their Growth
Hundreds of the blank-check companies have sprouted since Trump’s return to office, and many of them dovetail with his agenda.
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Leslie Picker @lesliepicker.bsky.social · 24/10/2025
AI euphoria may be blinding Washington to the effects of its policies on the rest of the economy: "This thing is so large that it’s breaking people’s mental models of how the economy works, and they’re making mistakes as a result" www.bloomberg.com/news/feature...
bloomberg.com
AI Data Center Boom Threatens Trump’s Manufacturing Revival
Spending on factory construction is down 2.5% so far this year, while that for data centers is up almost 18%.
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Leslie Picker @lesliepicker.bsky.social · 24/10/2025
The number of global rate cuts just one away from the post-financial crisis high, per BofA
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Leslie Picker @lesliepicker.bsky.social · 16/10/2025
JPMorgan's Jamie Dimon: "If you open a newspaper any day of any year, there are serious issues the world's facing. I do think they're a little more serious today than they've been since World War II. It doesn't mean they don't resolve...but we should think about the future, in light of them."
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Leslie Picker @lesliepicker.bsky.social · 08/09/2025
Please tune in tomorrow on CNBC! ⏰ 7am ET: Carlyle CEO Harvey Schwartz ⏰ 12:40pm ET: JPMorgan CEO Jamie Dimon ⏰ 2pm ET: Morgan Stanley CEO Ted Pick
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Leslie Picker @lesliepicker.bsky.social · 21/08/2025
"We weren’t chasing hype for its own sake. We were trying to spark the feeling that draws people to Burning Man or the World Cup: the thrill of witnessing something unrepeatable." www.nytimes.com/2025/08/21/o...
nytimes.com
Opinion | How We Got Young People to Like Theater
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Leslie Picker @lesliepicker.bsky.social · 20/08/2025
GOLDMAN SACHS: "Short interest for the median S&P 500 stock represents 2.3% of float, near the highest level since 2019." Goldman's Crowding Index remains near record highs and market breadth registers one of the narrowest levels in recent decades -- ripe conditions for short squeezes.
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Leslie Picker @lesliepicker.bsky.social · 18/08/2025
“I lost $400,000 in Yieldstreet. I consider myself moderately financially savvy, and I got duped by this company. I just worry that it’s going to keep happening to others.” Great piece by @cnbc.com's Hugh Son www.cnbc.com/2025/08/18/y...
cnbc.com
When 'invest like the 1%' fails: How Yieldstreet's real estate bets left customers with massive losses
Customers of the private markets startup Yieldstreet said they face huge losses on real estate investments that turned out to be far riskier than they thought.
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Leslie Picker @lesliepicker.bsky.social · 14/08/2025
Shares of CoreWeave down 13%, in part, due to the anticipated flood of share supply that could pressure the stock in the short run. CoreWeave's lock-up on 83.7% of shares expires tonight -- not 180 days after its IPO, as is typical, but rather two trading days after this quarter's earnings. 🧵/1`
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Carl Quintanilla @carlquintanilla.bsky.social · 08/08/2025
Busy week for the “S-word”. 👀 @marketwatch.com @opinion.bloomberg.com
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Leslie Picker @lesliepicker.bsky.social · 08/08/2025
OpenAI CEO Sam Altman to CNBC on *if* it were to ever go public: "I get why people would like love for us to be public sooner. And I'm sure people also get the reality of we're in still a crazy position and it would be very hard for us to be public given just all of the realities of that."
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Leslie Picker @lesliepicker.bsky.social · 07/08/2025
Elon Musk, the perpetual vacation-ruiner of @matt-levine.bsky.social.
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Leslie Picker @lesliepicker.bsky.social · 07/08/2025
We've already gotten some great questions. AMA on the deficit, starting in 10 mins!
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Leslie Picker @lesliepicker.bsky.social · 06/08/2025
NEW REPORT: J.P. Morgan’s Global Economic Research team believes it is increasingly likely that the U.S. effective tariff rate will settle close to the 22% rate initially announced on April 2, due, in part, to sector-specific Section 232 tariffs -- many of which have not yet been finalized.
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CNBC @cnbc.com · 05/08/2025
Do you want to learn more about our nation's growing deficit and the implications for markets, the economy and geopolitics? Join us this Thursday, August 7 at 1 PM ET on Reddit for an AMA with our senior banking and finance reporter Leslie Picker. bit.ly/455vahl
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Leslie Picker @lesliepicker.bsky.social · 05/08/2025
Banks cannot provide services to individuals who have been indicted. So, they were unable to do business with President Trump. President Trump said on CNBC earlier that he and other conservatives were discriminated against for political reasons.
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Leslie Picker @lesliepicker.bsky.social · 05/08/2025
JPMorgan statement after Trump's claims of discrimination: “We don’t close accounts for political reasons, and we agree with President Trump that regulatory change is desperately needed. We commend the White House for addressing this issue and look forward to working with them to get this right.”
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Leslie Picker @lesliepicker.bsky.social · 29/07/2025
Statement from Blackstone:
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Leslie Picker @lesliepicker.bsky.social · 22/07/2025
Sam Altman's Three Scary AI Scenarios (via conversation at the Fed today): (1) Bad guy gets superintelligence first (2) Loss of control (AI is like…no, you can’t turn me off) (3) Models accidentally take over the world
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Leslie Picker @lesliepicker.bsky.social · 22/07/2025
Sam Altman at Fed Capital Conference: "Every time you're wasting your time in any way every time you're kind of looking around the internet, you can't quite do the productive thing. I think we are in an under supply of labor to a degree that is going to look horrible in retrospect."
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Leslie Picker @lesliepicker.bsky.social · 21/07/2025
Looking forward to sitting down in DC with Michelle Bowman tomorrow -- her first-ever CNBC interview. No shortage of things to talk about. I hope you'll tune in!
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Leslie Picker @lesliepicker.bsky.social · 18/07/2025
This morning, on Squawk Box, we previewed the Japanese election on Sunday, why polls are causing the JGB long end to spike, and how that may soon catch the attention of bond vigilantes in the U.S. www.cnbc.com/video/2025/0...
cnbc.com
Japanese bond jitters flag U.S. risk: Here's what to know
CNBC's Leslie Picker joins 'Squawk Box' to discuss how reaction in Japan's bond market to this weekend's election could serve as a warning shot to the U.S.
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Leslie Picker @lesliepicker.bsky.social · 17/07/2025
Bloomberg: "Across the five biggest US banks, trading revenue hit a new record in the first six months of 2025. Uncertainty around President Donald Trump’s tariffs drove a surge of activity...leading the desks to smash second-quarter revenue expectations." www.bloomberg.com/news/article...
bloomberg.com
Wall Street Traders Supercharged by Tariffs That Stymied Deals
Wall Street banks were optimistic Donald Trump’s second term would unleash a dealmaking boom. Instead, it’s delivered a trading bonanza.
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Leslie Picker @lesliepicker.bsky.social · 16/07/2025
👏👏👏
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Leslie Picker @lesliepicker.bsky.social · 16/07/2025
Okay...hear me out. New season of "Severance." But the "innies" are investment-banking analysts. And the "outies" work in private equity. Who needs a loyalty pledge...
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Leslie Picker @lesliepicker.bsky.social · 16/07/2025
Investment Banking Fees 2Q'25: JPMorgan: +8% to $2.5B Goldman Sachs: +26% to $2.2B Morgan Stanley: -5% to $1.5B BofA: -9% to $1.4B Citi: +13% to $1.1B Wells Fargo: +9% to $700M
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Leslie Picker @lesliepicker.bsky.social · 15/07/2025
Bank executives on earnings calls today: JPMorgan: "We're essentially firing on all cylinders." Citigroup: The firm is firing on all cylinders." BNY Mellon: "There are a lot of cylinders in this particular engine."
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Leslie Picker @lesliepicker.bsky.social · 15/07/2025
Jamie Dimon was asked on the 2Q analyst call whether JPMorgan would consider buying a private-credit firm. Dimon said: "I would say it's not high in my list because we can do it ourselves....I also think, you know, you may have seen peak private credit a little bit." $JPM
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Leslie Picker @lesliepicker.bsky.social · 15/07/2025
JPMorgan CFO Jeremy Barnum: "We continue to struggle to see signs of weakness...If you look at indicators of stress, not surprisingly, you see a little bit more stress in the lower income bands than you see in the higher income bands. But that's always true."
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Leslie Picker @lesliepicker.bsky.social · 15/07/2025
Jamie Dimon on 2Q Media Call: "From what I've seen, the president has said he's not going to try to remove Jay Powell...Playing around with the Fed can often have adverse consequences of the absolute opposite of what you might be hoping for." $JPM
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Carl Quintanilla @carlquintanilla.bsky.social · 15/07/2025
3.20% 🇯🇵 www.reuters.com/markets/asia...
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Leslie Picker @lesliepicker.bsky.social · 15/07/2025
Mike Mayo on 2Q Earnings: "The main question is the degree that this better loan growth is sustainable for JPM and the industry. That's because the main new news is the acceleration in loan growth. Avg Loans up 3% QoQ and 5% YoY (period end loans up 4% QoQ, implying acceleration)."
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Leslie Picker @lesliepicker.bsky.social · 15/07/2025
WFC CFO on Tariffs: "It’s still a little early…[clients have] been able to manage through what’s happened so far pretty effectively. It's causing some clients to be cautious about borrowing or big investments they want to make, but at this point, we haven’t seen it impact credit quality."
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Leslie Picker @lesliepicker.bsky.social · 15/07/2025
A tale of two Net Interest Income guides: - Wells Fargo took down guidance for 2025 net interest income to be unchanged from 2024 levels (from the +1-3% guide, shared in April) - JPMorgan raised its FY NII guide by $1 billion to $95.5B $WFC $JPM
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Megan Cassella @megancnbc.bsky.social · 12/07/2025
~60% of everything the U.S. buys from abroad comes from four trading partners: the EU, Mexico, Canada & China. New tariff rates on imports from those four partners, starting Aug. 1: — EU: 30% — Mexico: 30%* — Canada: 35%* — China: 30% *USMCA goods may be exempt, but the decision is not final
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Steve Kovach @stevekovach.bsky.social · 09/07/2025
First company to reach $1 trillion market cap: Apple First to $2 trillion: Apple $3 trillion: Apple $4 trillion: Nvidia
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Leslie Picker @lesliepicker.bsky.social · 09/07/2025
A Bloomberg editorial today is calling for Congress to create a bipartisan fiscal commission to offer an "honest assessment of the budget trajectory and propose reforms," and says the OBBBA's "provisions were were designed to obfuscate its true costs." www.bloomberg.com/opinion/arti...
bloomberg.com
Deep In a Fiscal Hole, Congress Just Keeps Digging
Tweaks can’t solve the country’s debt problem. At some point, Washington will have to start over.
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Leslie Picker @lesliepicker.bsky.social · 07/07/2025
CNBC wanted to tackle the "so what?" questions related to the U.S. deficit? What are the consequences of skyrocketing debt? Why should anyone care? After dozens of conversations, spanning five months, we explore the implications in our 20-minute video here: www.cnbc.com/video/2025/0...
cnbc.com
Here's how America's debt spiral could spark the next crisis
CNBC interviewed a dozen experts, investors and former government officials to explore the consequences of America’s fiscal path – not how to solve it, but what’s at stake if we don’t. We unpack how r...
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Leslie Picker @lesliepicker.bsky.social · 05/07/2025
"A central bank that shifts its priorities from employment and inflation to financing the government has succumbed to 'fiscal dominance...' The result is typically some combination of inflation, crisis and stagnation." www.wsj.com/economy/cent...
wsj.com
Trump’s ‘Fiscal Dominance’ Play
The president is pressuring the Fed to lower rates to make deficits easier to finance. This could end badly, but for now investors are on board.
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Leslie Picker @lesliepicker.bsky.social · 05/07/2025
Please tune in Monday for our special report: America's Deficit Reckoning. Dozens of interviews, over the course of five months, diving into -- not how to fix the deficit but what are the consequences down the road if we don't. Coverage on air, beginning at 7:45 a.m. ET on @cnbc.com.
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Leslie Picker @lesliepicker.bsky.social · 27/05/2025
"Under the new tax plan, universities might pull back from strategies that regularly generate short-term gains and shift money into other investments such as private equity, which generally don’t realize gains for years." www.wsj.com/us-news/educ...
wsj.com
Exclusive | Universities Map Out New Investment Strategies to Deal With Tax Hike on Endowments
The GOP bill includes a much higher levy on schools’ endowment income, potentially spurring a big shift in where billions of dollars are invested.
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Leslie Picker @lesliepicker.bsky.social · 19/05/2025
JPMorgan CEO Jamie Dimon, when asked about succession: "Obviously it's up to board if I'm here for four more years and maybe two more three as executive chairman...but that's a long time."
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Leslie Picker @lesliepicker.bsky.social · 19/05/2025
New JPMorgan 2Q Guidance: - Investment banking fees expected to decline mid-teens (percent, YoY), depending on how remainder of quarter plays out - Markets had a strong start but volatility has moderated; expect growth in mid-to-high single digits YoY
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Leslie Picker @lesliepicker.bsky.social · 19/05/2025
JPMorgan's Marianne Lake on health of consumers/small business: - Spend is modestly higher YoY across income bands (some weakness in travel spend) - Consumer + small biz cash buffers have normalized - Sentiment has weakened (small biz expectation about inflation/supply chains has deteriorated)
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Leslie Picker @lesliepicker.bsky.social · 19/05/2025
At JPMorgan Investor Day, the firm’s CFO shared an analysis they did across various sectors on the impact on margins from tariffs based on how much can be passed to the consumer
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Leslie Picker @lesliepicker.bsky.social · 14/05/2025
Point72's Steve Cohen at Sohn today: "We're not in a recession yet; I think we're going to have significant slowing growth. We think it'll probably be a 45% chance of recession -- not insignificant." He said if he was asked the question a week ago, he might have given a different answer.
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Leslie Picker @lesliepicker.bsky.social · 14/05/2025
David Einhorn on trade deficit: When I go to a Chipotle and order a burrito, I don’t claim that they cheated me because I spent more money on them than they did on me Via @cnbc.com
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Leslie Picker @lesliepicker.bsky.social · 12/05/2025
GS Prime Brokerage Note: "We currently have HF and L/O demand on our desk pre mkt in macro products and tech. It feels like today is the trading session when investors who have remained on sidelines get stopped in as buyers."
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