Credit card debt and interest rates hit all time highs this year. 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, and Best Buy’s quarter, and sales slowdown. Plus, 13 minutes in, 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
