Leslie Picker
@lesliepicker.bsky.social
@CNBC Senior Banking and Finance Reporter
The number of global rate cuts just one away from the post-financial crisis high, per BofA
October 24, 2025 at 10:52 AM
The number of global rate cuts just one away from the post-financial crisis high, per BofA
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
⏰ 7am ET: Carlyle CEO Harvey Schwartz
⏰ 12:40pm ET: JPMorgan CEO Jamie Dimon
⏰ 2pm ET: Morgan Stanley CEO Ted Pick
September 8, 2025 at 9:40 PM
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
⏰ 7am ET: Carlyle CEO Harvey Schwartz
⏰ 12:40pm ET: JPMorgan CEO Jamie Dimon
⏰ 2pm ET: Morgan Stanley CEO Ted Pick
Elon Musk, the perpetual vacation-ruiner of @matt-levine.bsky.social.
August 7, 2025 at 6:43 PM
Elon Musk, the perpetual vacation-ruiner of @matt-levine.bsky.social.
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.
August 6, 2025 at 1:35 PM
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.
Statement from Blackstone:
July 29, 2025 at 12:23 PM
Statement from Blackstone:
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!
July 21, 2025 at 12:59 PM
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!
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.
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.
July 5, 2025 at 6:22 PM
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.
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.
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
May 19, 2025 at 12:25 PM
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
Spending, per capita, on drugs in certain countries, via @bloomberg.com
www.bloomberg.com/news/feature...
www.bloomberg.com/news/feature...
May 12, 2025 at 11:30 AM
Spending, per capita, on drugs in certain countries, via @bloomberg.com
www.bloomberg.com/news/feature...
www.bloomberg.com/news/feature...
When Spring Break is over, and it’s time to catch a flight home…
April 22, 2025 at 8:22 PM
When Spring Break is over, and it’s time to catch a flight home…
Bank CDS have been moving higher, but do not indicate a financial crisis, according to Ben Emons of Fed Watch Advisors.
The widening is related to the rise in the VIX, which is also tied to the spike in Treasury yields, he says. /1
The widening is related to the rise in the VIX, which is also tied to the spike in Treasury yields, he says. /1
April 10, 2025 at 5:50 PM
Bank CDS have been moving higher, but do not indicate a financial crisis, according to Ben Emons of Fed Watch Advisors.
The widening is related to the rise in the VIX, which is also tied to the spike in Treasury yields, he says. /1
The widening is related to the rise in the VIX, which is also tied to the spike in Treasury yields, he says. /1
Art of the Squeeze?
via Goldman Sachs prime brokerage 👇
via Goldman Sachs prime brokerage 👇
April 9, 2025 at 6:30 PM
Art of the Squeeze?
via Goldman Sachs prime brokerage 👇
via Goldman Sachs prime brokerage 👇
Four hours ago...
April 9, 2025 at 6:08 PM
Four hours ago...
"The sell-off in bank stocks on the back of the April 2 tariff announcement reflects the start of the process to discount increasing odds for a US recession...Trough P/TBV multiples would imply potential for another 20-40% decline in bank stocks from Friday’s close." -- BofA Analysts in note today
April 7, 2025 at 2:45 PM
"The sell-off in bank stocks on the back of the April 2 tariff announcement reflects the start of the process to discount increasing odds for a US recession...Trough P/TBV multiples would imply potential for another 20-40% decline in bank stocks from Friday’s close." -- BofA Analysts in note today
Tesla/SolarCity be like…hold my beer…
March 28, 2025 at 11:32 PM
Tesla/SolarCity be like…hold my beer…
StubHub has quite the 25-year history -- from a co-founder skirmish that ultimately led to now-CEO Eric Baker's ouster...only for him to start a competitor in Europe that bought StubHub in 2019...only for a global pandemic to shutter all global events. And sometime in April, STUB wants an IPO.
March 21, 2025 at 8:01 PM
StubHub has quite the 25-year history -- from a co-founder skirmish that ultimately led to now-CEO Eric Baker's ouster...only for him to start a competitor in Europe that bought StubHub in 2019...only for a global pandemic to shutter all global events. And sometime in April, STUB wants an IPO.
Global Markets YTD
March 13, 2025 at 2:10 PM
Global Markets YTD
DOGE cuts already weighing on spending in the DC metro area, which was substantially weaker than other areas on average in February, according to Bank of America card data.
March 13, 2025 at 10:32 AM
DOGE cuts already weighing on spending in the DC metro area, which was substantially weaker than other areas on average in February, according to Bank of America card data.
Credit markets much more sanguine than equities/rates about the probability of a recession (h/t JPMorgan)
March 13, 2025 at 10:20 AM
Credit markets much more sanguine than equities/rates about the probability of a recession (h/t JPMorgan)
"We said from the beginning that this North American trade war is the dumbest in history, and we were being kind." -- @WSJ Editorial Board
www.wsj.com/opinion/dona...
www.wsj.com/opinion/dona...
March 12, 2025 at 1:20 PM
"We said from the beginning that this North American trade war is the dumbest in history, and we were being kind." -- @WSJ Editorial Board
www.wsj.com/opinion/dona...
www.wsj.com/opinion/dona...
The record uncertainty around Trump trade policies and the
president declining to rule out a recession/rising Inflation during the coming “Period of Transition” has rendered obsolete the familiar '18-'19 “Trade War Playbook” where Trump toned down his rhetoric when stocks declined -- Evercore ISI
president declining to rule out a recession/rising Inflation during the coming “Period of Transition” has rendered obsolete the familiar '18-'19 “Trade War Playbook” where Trump toned down his rhetoric when stocks declined -- Evercore ISI
March 12, 2025 at 11:14 AM
The record uncertainty around Trump trade policies and the
president declining to rule out a recession/rising Inflation during the coming “Period of Transition” has rendered obsolete the familiar '18-'19 “Trade War Playbook” where Trump toned down his rhetoric when stocks declined -- Evercore ISI
president declining to rule out a recession/rising Inflation during the coming “Period of Transition” has rendered obsolete the familiar '18-'19 “Trade War Playbook” where Trump toned down his rhetoric when stocks declined -- Evercore ISI
As highlighted by Goldman's Tony Pasquariello this morning...
The green line is the Magnificent Seven; the red line is European banks (over the past 12 months):
The green line is the Magnificent Seven; the red line is European banks (over the past 12 months):
March 11, 2025 at 1:11 PM
As highlighted by Goldman's Tony Pasquariello this morning...
The green line is the Magnificent Seven; the red line is European banks (over the past 12 months):
The green line is the Magnificent Seven; the red line is European banks (over the past 12 months):
"Heading into '25, Hedge Funds lowered their net long exposure to 160%, which is below average and off the November high." -- via Jefferies
March 5, 2025 at 8:14 PM
"Heading into '25, Hedge Funds lowered their net long exposure to 160%, which is below average and off the November high." -- via Jefferies
