Out there thatn Goldman Sachs is not setting a high enough target for its return on equity. Some investors say they need to get that up from when they went they had al 2007, 30 return on equity share. They have barely gotten 10 over the past few years. The interesting thing is they only need 10 for Lloyd Blankfein to get a big bonus. Investors say that this will be one of the big issues for them. Jobs report is any indication, there is still a lot of uncertainty out there. So can goldman guarantee higher returns . Analysts say they cannot. Regulators are forcing them to hold back more of their equity as capital. Stories i haveop been looking at is technology. Ongot more information target and how those potential 110 million customer accounts were compromised. Malwarey what they say, infected their pos system in their stores, and hackers were able to get the data in an unencrypted state. They saw peoples names, credit card numbers, and they were able to upload that that an astounding sp
Makers. Stephanie ruhle is on assignment today. Lets begin with the biggest business story of the day, possibly the week. Medtronic is buying smaller for almost 30n billion is in stock. The issue is taxes. It will move its headquarters to ireland and it could free up almost 14 billion of cash now trapped overseas by u. S. Tax policy and overseas profits. With us this morning is bill george, the former ceo of medtronic who is now a professor of management at the Harvard Business school. Also, Bloomberg Tax policy zach is here. He will ask play in the anderence between this deal what sounds similar but i know is different, what we heard weeks ago from pfizer and astrazeneca. A lot of companies this is about inversion. They are switching their corporate domicile to somewhere outside the u. S. Like ireland are doing it to lower their tax rate. 35 , thetax rate is highest among the developing countries. A lot of them want to get a lower rate through an inversion. Medtronic already has a pre
Whether or not it will pay off ahead of the First Quarter earnings. Plus we are live on the for from new York Auto Show. To catapulte going sales . All of that and more, coming up in this edition of street smart year ago markets are near the highs of the session there. Thehe green, same story on nasdaq, julie hyman has the big three, watching the stocks you need. Some of the upside we are seeing today has to do with Industrial Production. Janet yellen did not seem to hurt matters. Yahoo is out with numbers, but it is sort of an interesting story here. Yahoo s earnings were not that fantastic. It seems to be more gaining because of the figures come ali baba. Of course, they own 24 of alibaba, that Company Reported a surge in sales of 66 . It will not be relying on it forever, they will becoming public, but for now it is still helping matters at yahoo . A different story is bank of america. Unexpectedosted an loss. Not what analysts have been looking for. Bank of america, like so many co
Of word of an ftc investigation. Well be all over that. Well come back to it in just a second but first more bad news for pimco cofounder bill gross this week. One of the megafunds own trustees, william pope joy, lashing out at the superstar bond manager calling grosss 200 milliondollar salary, quote, not appropriate and demanding an investigation into grosss conduct as a manager. So is the onetime king of bond overrated . Prepare yourself for todays wall street throwdown. Our very own Charlie Gasparino thinks gross is not worth the money. I bet that is putting it mildly. Capitalist pig. Com Jonathan Hoenig says he is worth every penny. [whistle blows] jonathan you go first because may be only word you get. Go ahead. Im not an investor in pimco, melissa but many, many people are. 2 trillion is entrusted to the firm that bill gross started in the way back in the 1970s. He is mutual fund superstar. There is only one lebron james and lady gawk gaugh. How many Bond Fund Managers are househ
david: the ceo of overstock.com joining us as business leaders, what policy does he want implemented to stimulate growth? and why wall street is deeply flawed. liz: first, what drove the markets today with the data download. a nice day on wall street with the dow managing to eat out gains. today s top performers, nostrils and utilities the biggest liger. crossing a flat line 13 times today. up, down all around. copper closed above the 100 day moving average for the first time since man reports the european central bank will unveil a new a limited bond buying program, copper closing up 1.7%. a tale of two cities in the energy market. while edging slightly higher, up $0.06, $95.36 per barrel. pdc natural gas? raising yesterday s gains, natural gas falling 2.1%. david: we have it all covered, telling us why he think european stocks are attractive, and chris johnson breaking down the three ways to hedge the september swoon that so many people see coming. let s start with jerry le