Credit card debt and interest rates hit all time highs this year. (00:21) Ricky Mulvey and Bill Barker look at the implications for companies and investors. They discuss:
- Macy’s and Nordstrom charging 32% APRs for retail cards.
- Historical context on rising delinquencies.
- Best Buy’s quarter, and sales slowdown.
Plus (12:34) Robert Brokamp and Matt Frankel discuss what to do if your consumer debt is getting more expensive.
Companies discussed: BBY, M, JWN, DFS
Host: Ricky Mulvey
Guests: Bill Barker, Robert Brokamp, Matt Frankel
Engineers: Dan Boyd, Rick Engdahl