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James gorman at Morgan Stanley said it was going to be about leadership tonight. Not so much what is the fed going to do at the meeting . What can we learn from these fed chairman about their policies and how they shaped u. S. Economic policy, but their thinking and how they built and consensus with other members of the fed . Chris that will be interesting. Volcker ran into some issues with the committee at one time where some of the people were voting against him. It is extraordinarily difficult. I remember what yellen said. I asked her one time, these people are saying this about policy and this. She goes, what can i tell you . We dont always sing is a chorus the same song, the same tune. Jobhas done a pretty good given that shes only been on the job two years. She seems to be quite a strong chair. Mark it was interesting because what i heard this event was going to take place and you and i were going to be up here, the one thin ....
Rose to a record high in january. Shifting over to japan, Industrial Production grew the most since 2011 indicating the economy is strengthening. Jumble. Of data but a all thisrning we got data. Starting at 8 30 a. M. , gdp. At gdp so look we get in theory they refined any little bit. Also, personal consumption consumption. 9 45 a. M. , chicago or kissing managers index. Michiganversity of converts number and pending home sales at 10 00. And we may be getting the letter from mr. Buffett as well. Last years letter was strong and smart from the buffet we wew years ago buffett knew years ago. Check. Ave a warning data stocks, bonds, currencies, commodities. I am going to call it off but i am going to say the markets are calm her given what we saw in the ukraine yesterday. 2. 6710year and the euro. S stronger, up near 1. 38 you can really see the geopolitics coming in. A stronger102 yen. The ruble is stable. That speaks volumes ....
The company is sitting on nearly 160 billion in cash. Cory johnson is with me as well. Rudy standard fare. One thing that did check me was when asked if you could see into our internet relapse you will not be worried about anything. Labs you wouldng not be worried about anything. I will say that for all of the bluster that comes out the withny in Public Events apple is known for bluster, when a ceo says to a shareholder new things are coming, then he has to do it. You can talk to the press all you want and make themes up to your customers. You have a fiscal responsibility to shareholders. Did he really Say Something . He talked about the success apple has had in their business, saying they have more money in the last year than any other companies than those who draw oil. They are the most Viable Company in the world. I wou ....