Why Amazon Might be Looking to Team up With Big Banks
Amazon is looking to team up with banks to build a checking account-type product. The e-commerce giant is in talks with JPMorgan Chase according to the Wall Street Journal. Emily Glazer, banking reporter at the WSJ, explains her outlook for Amazon's ability to enter this sector.
"The Amazon effect is everywhere," says Glazer. "Banks would have a huge advantage of tapping into Amazon's data, their technology and then Amazon would have a huge advantage of not becoming a bank, not having to deal with stringent financial regulations, and capital restrictions, and all that comes with becoming a big bank."
But at what point does Amazon go too far with controlling consumers lives? Glazer says millennials don't care as much about privacy and security as older generations.
Matt Durot, Senior Reporter at Forbes, joins Cheddar to unpack all things Elon Musk including his soaring wealth, relationship to Trump and if he has a will.
David McKillips, President and CEO of CEC Entertainment, discusses the ongoing Chuck E. Cheese brand refresh, new locations, updated play spaces and more.
Lila MacLellan, Senior Writer at Fortune, discusses how the healthcare industry is reacting to the murder of United Healthcare CEO Brian Thompson. Watch!
Matt Hougan from Bitwise Asset Management joins Cheddar to discuss how and why Bitcoin is continuing to rise and what the future holds for the cryptocurrency.
