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June 21, 2024
Lower profit in four years. The company also says it is having another 11,000 jobs after an earlier announced plan to cut 9000 positions. It is all in response to declining crude prices. It did announce it is paying another quarterly dividend. Congress reveals key legislation to boost president obamas International Trade agenda. The bipartisan deal allows congress to approve an amendment. It is to smooth over a multilateral trade deal with nations on both sides of the pacific. Imf chief Christin...
June 21, 2024
You have said we are in the throes of a national crisis. Define the crisis. Sherrilyn i think the crisis is one of confidence. All over this country, there are people, young people of all races, who have lost confidence in the Justice System and the rule of law. They no longer believe that our Law Enforcement system is legitimate. And for democracy, belief in the rule of law is the bedrock principle. When you lose the public confidence, you are shaking the core. This should matter not just to bl...
June 21, 2024
He joined street smart earlier today to explain why he is betting against German Government bonds. Bill its about five years forward in both germany and the u. S. , but the yield difference between those two is about 200 basis points lower for germany. So equal quality, yes, but 200 basis points lower in germany. That says u. S. Treasuries are a whale of a buy and german bonds are a whale of a short. Im suggesting if you want to hedge, the best thing is to sell the german bond and by buy u. S. T...
June 21, 2024
Heres the groups cfo. A slow but staple recovery continued to gain support. The longterm expectation of slow but steady growth remains intact. Emily citigroup posted its biggest quarterly profits as the financial crisis. First quarter net income jumped 21 to more than 4. 7 billion. Citis expenses dropped 10 . International Monetary Fund chief Christine Lagarde warns greece will not be allowed to skip a debt payment. She spoke to bloomberg. Ms. Lagarde we never had an advanced economy asking for ...
June 21, 2024
Delivery of Missile Systems to iran. The delivery is for 300 errors system missiles canceled in 2010. However, russian president Vladimir Putin lifted the ban after a recent agreement on Irans Nuclear program. In the meantime, secretary of state john kerry is meeting with congressional members today and tomorrow, urging them to not rush to judgment on an iran deal until it is finally completed. That is the position at goodbye maine senator angus king. I have reservations on whether some of my co...
June 21, 2024
I have said consistently that no one should think all of the risk of a change like that is predictable in advance and even if the contagion risk is much less now than it was in 2012 and earlier, it would not be a good thing in a World Economy just recovering from a deep recession to have that kind of uncertainty introduced. Emily meanwhile, he called for other economies around the world to strengthen, saying the strong u. S. Dollar simply reflects a stronger u. S. Economy. Japan overtakes china ...
June 21, 2024
Despite political opposition to the trade deal. Prime minister shinzo abe on the bilateral issues significant progress was made. We will continue to cooperate to lead the talks to its last phase. Matt a state dinner is tonight with 300 guests in attendance. President obama also spoke about the riots in baltimore. He says while there have been troubling Police Interactions with black citizens across the country, there is no excuse for the violence. President obama it is not a protest. It is not a...
June 21, 2024
That title. I am pleased to have philip mudd back on this program. How could you ever think, this is a great the head game is fine. It is the subtitle. Philip the author writes the book. The marketers do the cover. I did the title. We went back and forth. It was difficult to come up with the first title, the big thing. First title, the big think. Folks at the Publishing Company said, this is not going to work. Back and forth six months. We need something that is going to catch the idea of how to...
June 21, 2024
Manslaughter in all six officers are in custody. Gray died after suffering a neck injury after being unrestrained in a police vehicle. Marilyn mosby the officers failed to establish probable cause for his arrest as no crime was committed by him. Lieutenant rice, officer miller and officer mills illegally arrested mr. Gray. Emily gray requested medical help at least twice. Salesforce held talks last year with sap about possibly joining forces, according to people familiar with the matter. One opt...
June 21, 2024
Downgrade, and Disney Cinderella casts a spell at the box office, but btig stepping in the role of the evil stepmother cutting to neutral after a volatile week on wall street the euro near 12year lows. A lot going on. A lot to watch. Yeah. I was kind of hoping that this would be a nonentity week because theres not a lot of companies reporting. But the companies that do report tend to be very big, like nike fedex. Fedex giving you a view of the economy on the same day that the fed speaks. And oil...