Under valued it sounds crazy. We had a remarkable blitz up we just came after that brutal sell off all the buyers vanished. Now suddenly were back dow surging 328 points and s p jumping and nasdaq pulled 1. 87 . Why . Why did it happen . Why was so great today because today is merger monday monday used to be the day we always came in and merged and stopped. Guess what its back and bigger than ever so i bought out the merger both. Merger. Merger merger. Yes i havent used the merger both, i dont know, four or five years and its back. All right, all right, all right. Back and bigger than ever. We spent a lot of time trying to figure out what stocks are worth, right the price to earnings. Price to sales and book value. All that stuff we try to do. There is another way to value this business. You look at what another business might be willing to pay for that business and today we got a wave of huge mind numbing deals that suggest there are many real bargains in mna. Merger. Merger merger. L
If its covid19 vaccine is effective. Jim, i know that citi news popped for you. Yeah, i candidly mike and donna are friends of mine and friends of my executive producer so i have to reveal that because i say its not about friends its about money this is jarring for those of us older than mike who is 60 but he did work there for 38 years, not retiring until february, but how great. When i spoke to him this morning, how great, jane fraser coming in. The Glass Ceiling in banking maybe a is finally cracking and its a great legacy for mike a period where net income increased from 7. 5 billion to 19. 4 billion, tangible common equity 12. 0 to 12. 5 and returned 80 in capital during mikes reign all those numbers havent necessarily led to great performance a of the stock but they are great numbers mike is a much loved figure as is donna, his wife and i regard them as a team and i know he wants to do many, many things in life and this is a soul searching time, he appointed jane last year, he ma
To buy the dip should you hold onto what you have in terms of technology or should you get out of some of names you have ridden up or wondering what to do i ask you through the prism of selling slack on august 25th and then adding to crowd strike this week and what that says about how you view that question one of my favorite sayings about being a Market Participant is if you dont know who you are, the stock market is a very expensive place the find out i know who i am. Its taken me a long time to get here i understand the way that my mind works in both bull markets and bear and bear markets. I understand the things i have to correct for the biases i have to overcome. I cant get rid of them. People dont really change they get smarter but they dont change theres two ways tho think abou your question. Here is a stock thats 400 chair. Down 18 from a recent high. You watch it the whole way up kicking yourself that you dont own it one of the hardest hit names a of the last week or so, if yo
This is the daily social distancing show, with trevor noah. Trevor lets kick it off with the big news of the day the vice presidency. Its americas assistant manager, and today, joe biden announced who hes picked to be his v. P. Were coming on the air with breaking news. Democratic president ial candidate joe biden has made his choice. Nbc news has confirmed that biden has picked california senator Kamala Harris to be his running mate, the first woman of color in history to be chosen for such a position. So the democratic ticket is bidenharris. Trevor thats right, people. Joe biden has officially picked Kamala Harris to be his running mate. Say what you want about joe, but the man went black and hes not going back. And i gotta say, im impressed that biden picked kamala, even after she destroyed him at that debate. In fact, part of me thinks he only picked her so that she can just never dust his ass in public again. This is an insurance policy. And im interested to see what the trump cam
In fact, part of me thinks he only picked her so that she can just never dust his ass in public again. This is an insurance policy. And im interested to see what the trump campaigns line of attack is going to be on kamala, because theyre going to have a tough time. Everything shes done in her career appeals to trumps base. Crafty kamala spent her whole career locking up criminals and filling up californias jails. Shes even friends with cops. Hold on. That actually sounds pretty cool. Mike, is it too late to change you . But jokes aside, congratulations to Kamala Harris. She is now the first black woman on a major party ticket, which is a great moment for her and for america. Moving on from our next possible Vice President to the next possible president of the United States kayne west. Since announcing his candidacy, the hip hop superstar and brokelooking billionaire has been scrambling to get on the ballot in as many states as possible. And, unfortunately for him, its not going smoothl