Uploaded October 2025 | Updated September 2026, 2 weeks ago
In this week's episode of WSJ’s Take On the Week, co-hosts Telis Demos is joined by Miriam Gottfried to tackle gold’s continued rally. They discuss the debate over whether its surge is a bet against the U.S. dollar or simply "catastrophe insurance" against a faltering AI-led stock market.
Plus, with the U.S. government shutdown delaying key economic reports, investors are turning to Bank of America, Carlyle Group and likely this week’s bank earnings for clues on the economy's health.
After the break, Telis is joined by Chris Whalen, chairman of Whalen Global Advisors, and they get into this week’s coming earnings from JPMorgan Chase, Citigroup, Wells Fargo, Goldman Sachs and more. Whalen explains why real trouble is brewing for banks in commercial real estate and private equity. And he shares what indicators he is looking out for in their earnings this coming week.
Chapters:
00:00 Where the ‘pain’ is right now for banks
00:23 Why the price of gold is soaring
04:30 Private data used during government shutdown
06:40 What bank earnings can tell us about the economy
08:35 Chris Whalen on bank performance
10:03 Why financial stocks are underperforming the market
11:35 The consumer is strong but the commercial side is not
12:33 Uncovering the pain in commercial real estate and private equity
15:05 Key metrics to watch in bank earnings reports
17:13 How non bank and fintech lenders are taking over
20:15 The complex mechanics of the modern mortgage market
23:30 The biggest hidden risk connecting banks to a stock market correction
26:00 Outro
This is WSJ’s Take On the Week where co-hosts Gunjan Banerji, lead writer for Live Markets, and Telis Demos, Heard on the Street’s banking and money columnist, cut through the noise and dive into markets, the economy and finance—the big trades, key players and business news ahead.
Have an idea for a future guest or episode? How can we better help you take on the week? We’d love to hear from you. Email the show at takeontheweek@wsj.com.
#WSJ #BankEarnings #Gold
In this week's episode of WSJ’s Take On the Week, co-hosts Telis Demos is joined by Miriam Gottfried to tackle gold’s continued rally. They discuss the debate over whether its surge is a bet against the U.S. dollar or simply "catastrophe insurance" against a faltering AI-led stock market.
Plus, with the U.S. government shutdown delaying key economic reports, investors are turning to Bank of America, Carlyle Group and likely this week’s bank earnings for clues on the economy's health.
After the break, Telis is joined by Chris Whalen, chairman of Whalen Global Advisors, and they get into this week’s coming earnings from JPMorgan Chase, Citigroup, Wells Fargo, Goldman Sachs and more. Whalen explains why real trouble is brewing for banks in commercial real estate and private equity. And he shares what indicators he is looking out for in their earnings this coming week.
Chapters:
00:00 Where the ‘pain’ is right now for banks
00:23 Why the price of gold is soaring
04:30 Private data used during government shutdown
06:40 What bank earnings can tell us about the economy
08:35 Chris Whalen on bank performance
10:03 Why financial stocks are underperforming the market
11:35 The consumer is strong but the commercial side is not
12:33 Uncovering the pain in commercial real estate and private equity
15:05 Key metrics to watch in bank earnings reports
17:13 How non bank and fintech lenders are taking over
20:15 The complex mechanics of the modern mortgage market
23:30 The biggest hidden risk connecting banks to a stock market correction
26:00 Outro
This is WSJ’s Take On the Week where co-hosts Gunjan Banerji, lead writer for Live Markets, and Telis Demos, Heard on the Street’s banking and money columnist, cut through the noise and dive into markets, the economy and finance—the big trades, key players and business news ahead.
Have an idea for a future guest or episode? How can we better help you take on the week? We’d love to hear from you. Email the show at takeontheweek@wsj.com.
#WSJ #BankEarnings #Gold
