Add leverage and stir has been the recipe for economic expansion at all costs; thus, the seeds of a credit implosion have been planted (again). We reap what we sow, and so it goes.

In this episode of The Weekly Wrap, Steve Eisman interviews Lakshmi Ganapathi from Unicus Research. They discuss why U.S. consumers are struggling. From rising auto loan delinquencies to ballooning credit card debt, consumers everywhere are feeling the pressure. They also discuss Opendoor, meme stocks, and the impact of AI. Here is a direct video link.

CNBC’s “The Exchange” team discusses the state of the U.S. labor market and data that shows layoffs are the highest since 2020, with Andy Challenger, senior vice president of outplacement firm Challenger, Gray and Christmas. Here is a direct video link.