He says he will leave by 2017. Why should he go now. First of all were very happy well talk about the facts in a second and i want to reassure investors that the family is a big fan of conservative land investment. We want to be disciplined and we dont want to go back to the big land buying days. Theres been sames made about how we want to change a big directionment we just juan a new leader so let me just say that about the conservative smart growth that our family wants and reensure investors that we want that. But let me tell you scott. Richard has been a family friend of the family. We didnt bother him for the last several years but from 2004 to 2015 on acumulative basis the pretax earnings of the business have been a loss of over 400 million and thats very concerning for us. Additionally over the last two years the stock prices stayed stagnant and its time to go and were very hopeful that he goes before next year. The board says your campaign is, quote, misguided and not in the in
Good morning. You are watching the polls. Pulse. We begin in belarus. To have a and failed resolution to the conflict. Joining us on the phone is alexander. So, is there any good news here . Was any good news made . Indeed. President of the ukraine and Vladimir Putin are talking to each other. That is a good sign. A long conversation yesterday that took place behind closed doors. The conversation did not yield a major break. conversations will be with the military of the ukraine and russia that will aim to organize a more effective Border Control on the ukraine border. That is important because they allow weapons and fighters to flow across into ukraine territory. Lets talk more about that. What can you bring us with the situation on the ground. Ground . We hear about a buildup of military equipment that could be supplied to the rebels. What are we seeing . Yes, indeed. Poroshenko said that he did not mean that war had stopped. This is still very troubling and, perhaps, the most Danger
Lot of movement there. Oil still in many ways, im going to say it, key to the market. Yes, yes. He agrees. Totally true. Im glad i i wasnt sure you would agree. There we are. Crude at 76, brent around 80. Big meeting this week. Big meeting this week as well. Our road map this morning and it starts with markets. S p looking to its 46th, 46th record close this year. The dow looking for its 29th. The nasdaq looks about 7 off an alltime closing high from march 2000. Yeah, i remember that. Gas prices fall fog fouryear low. Opec preparing to meet this week. Raymond james weighs in on chevron, exxon, hess, occidental. United technologies announced the chairman and ceo is retiring, effective immediately. Ill tell you whats next for the company, who the new ceo is and ask questions. Not sure we have a lot of the answers. Lets get to the markets. For a sixth consecutive week of gains. The 45th record close of the year, the dow its 28th, nasdaq, as we told you, new 14 1 2 year high, 6 out of 10 s
Schatzker. Im Stephanie Ruhle, a cosco member actually. Are you . Im. I dont get there very often. Maybe i am not getting my 50 bucks worth. Our guest host for the hour, greg fleming, the president of Morgan Stanleys wealth and Investment Management businesses. No question we need to start with the markets. Clearly there was a lot of volatility last week. Yesterday seen aims seemed a little better but the dow today atdown 106, it was down 150 one point. This is volatility. What does it say to you . One thing i will say is in the Fourth Quarter in particular in 2013, really throughout the year, it was a very strong year in equity markets and volatility was down significantly from 2012, down from 2011. 2013 was a very benign year. May be abnormally benign. There are a few things on the horizon, including the fed and taper and topics we will talk more about. And markets are a little more antsy. When you look at a morning like today, specifically why did features turn as negative as they d