Are in the markets for the second day in a row, weve had a nice rally in the open thats faded as we go into the close. This is part of that fading on the optimism of the reopening story here so banks have been weaker, retailers generally have been weaker, but still up fractionally, because the big five, the mega cap tech stocks are on the upside. We were talking about guidance, and once again, a number of the companies today pulled their guidance papa johns, mattel, office depot, genuine parts company, equity residential, Waste Management they join 170 other companies, that is one third of the ap 500 that has declined to give guidance and this is one of the reasons were seeing so much stock volatility how do you figure out what the right prices and multiples are when you dont have any idea what the earnings situation is going to be like we also have problems with dividends. Many companies are cutting their dividends as well, or even eliminating them altogether. Morgan stanley put toget
I came away with a couple different impressions. First of all Artificial Intelligence was everything. Every panel, every roundtable, every discussion centered around Artificial Intelligence. People like to raise Artificial Intelligence really when its not even speak as we believe this but you can finishwatchingd take you live to discussion of the Banking System and Financial Services sector with Bank Executives and former regulators. You are watching live coverage on cspan2. 1300 bankers state Association Leaders independence day. Even more watching on our liveke out of your busy schedules to add your voice, your advocacy efforts. I also want to walk members of the media who are joining us, and i would like to extend a special thanks to the members of congress, regulars and other es our program over the next few days. This event is all about advocacy. Its about dimmest setting to the policy community that bankers are committed to working constructively toward a policy environment that
NCW — Amid the ebb and flow of interest rates, consumer behaviors and market dynamics, local financial leaders recently offered perspectives on the ever-evolving financial landscape. These insights may help